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Superstition, conspicuous spending, and housing markets : evidence from Singapore
Agarwal, Sumit; He, Jia; Liu, Haoming; Png, Ivan; Sing, … - 2016
For most people, buying a home is their single largest financial commitment. Previous research shows that Chinese buyers pay less for homes with unlucky addresses and more for homes with lucky addresses. Using Singapore data on housing transactions combined with a plethora of individual buyer...
Persistent link: https://www.econbiz.de/10011458319
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Import competition and public attitudes towards trade
Davenport, Alex; Dorn, David; Levell, Peter - 2021
that it has specific benefits in terms of reducing prices, creating jobs, or increasing wages. While economists often … emphasize the consumer benefits of trade due to lower prices, only 20-40% of survey respondents in most countries perceive such …
Persistent link: https://www.econbiz.de/10012588749
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The economic effects of COVID-19 and credit constraints: evidence from Italian firms' expectations and plans
Balduzzi, Pierluigi; Brancati, Emanuele; Brianti, Marco; … - 2020
. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to … higher prices, relative to unconstrained firms. The search for and availability of liquidity is a key determinant of firms …
Persistent link: https://www.econbiz.de/10012271637
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Purchasing-power-parity and the saving behavior of temporary migrants
Akay, Alpaslan; Brausmann, Alexandra; Djajić, Slobodan; … - 2018
How does saving behavior of immigrants respond to changes in purchasing power parity between the source and host countries? We examine this question by building a theoretical model of joint return-migration and saving decisions of temporary migrants and then test its implications by using data...
Persistent link: https://www.econbiz.de/10011886875
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Firm dynamics with frictional product and labor markets
Kaas, Leo; Kimasa, Bihemo - 2018
This paper analyzes the joint dynamics of prices, output and employment across firms. We develop a dynamic equilibrium … productivity and demand shocks have distinct implications for the firms' output and price adjustments. Using panel data on prices … productivity and demand for the labor market and the dispersions of prices and labor productivity. We further analyze the impact of …
Persistent link: https://www.econbiz.de/10011896893
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The downward spiral
Greenwood, Jeremy; Guner, Nezih; Kopecky, Karen A. - 2022
There have been more than 500,000 opioid overdose deaths since 2000. To analyze the opioid epidemic, a model is constructed where individuals choose whether to use opioids recreationally, knowing the probabilities of addiction and dying. These odds are functions of recreational opioid usage....
Persistent link: https://www.econbiz.de/10013382024
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The rise and fall of Spanish unemployment : a chain reaction theory perspective
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2008
The evolution of Spanish unemployment has been quite idiosyncratic. The full employment levels of the early seventies were followed by unemployment rates that were the highest within the OECD countries in the aftermath of the oil price shocks. While unemployment was extremely persistent in most...
Persistent link: https://www.econbiz.de/10003759214
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Infinite dimensional VARs and factor models
Chudik, Alexander (contributor);  … - 2007
This paper introduces a novel approach for dealing with the 'curse of dimensionality' in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...
Persistent link: https://www.econbiz.de/10003646695
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The linkages between FDI and domestic investment : unravelling the developmental impact of foreign investment in Sub-Saharan Africa
Ndikumana, Léonce (contributor);  … - 2008
While the recent increase in foreign direct investment (FDI) to African countries is a welcome development, the question remains as to the impact of these resource inflows on economic development. This study posits that a key channel of the impact of FDI on development is through its effects on...
Persistent link: https://www.econbiz.de/10003652696
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The effect of employment protection legislation and financial market imperfections on investment : evidence from a firm-level panel of EU countries
Cingano, Federico; Leonardi, Marco; Messina, Julián; … - 2009
This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital-labour substitution, labour productivity and job reallocation in a cross-country framework. In the spirit of Rajan and Zingales (1998) and Ciccone and Papaioannou (2006), we exploit variation in...
Persistent link: https://www.econbiz.de/10003832294