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An empirical comparison of default swap pricing models

Houweling, Patrick; Vorst, Ton - 2001

Persistent link: https://www.econbiz.de/10001639524

Fiscal sustainability, volatility and oil wealth : a stochastic analysis of fiscal spending rules

Wijnbergen, Sweder van; Budina, Nina - 2011

Whether fiscal policy is sustainable depends on a government's future revenue and expenditure streams, both of which are highly uncertain. In commodity-rich countries, this problem is intensified by unpredictable and volatile commodity prices. We show how spending rules for oil income and...

Persistent link: https://www.econbiz.de/10011386438

The fundamental equation in tourism finance

McAleer, Michael - 2015

The purpose of the paper is to present the fundamental equation in tourism finance that connects tourism research to empirical finance and financial econometrics. The energy industry, which includes, oil, gas and bio-energy fuels, together with the tourism industry, are two of the most important...

Persistent link: https://www.econbiz.de/10011391546

Measuring productivity dispersion

Bartelsman, Eric J.; Wolf, Zoltán - 2017

Measuring the dispersion of productivity or efficiency across firms in a market or industry is rife with methodological issues. Nevertheless, the existence of considerable dispersion now is well documented and widely accepted. Less well understood are the economic features and mechanisms...

Persistent link: https://www.econbiz.de/10011622903

Missing observations in observation-driven time series models

Blasques, Francisco; Gorgi, Paolo; Koopman, Siem Jan - 2018

generally, to observation-driven models, which include well-known models for conditional volatility. To overcome the problem of … Monte Carlo study and an empirical study concerning the measurement of conditional volatility from financial returns data. …

Persistent link: https://www.econbiz.de/10011794421

Economic growth and the volatility of foreign aid

Chervin, Michal; Wijnbergen, Sweder van - 2009

volatility of aid on economic growth, controlling for the level of aid. A four-year panel analysis is conducted encompassing 155 … countries over the period 1966-2001. We find that once the volatility of aid is controlled for, aid has a positive impact on … economic growth. Correspondingly, volatility of aid flows is found to be negatively related to growth. We found no significant …

Persistent link: https://www.econbiz.de/10011379530