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Persistent link: https://www.econbiz.de/10002226214
In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given …. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different … volatility measures and four country groups. In autoregressive models, a significant disturbing impact of volatility can be found …
Persistent link: https://www.econbiz.de/10011294706
Persistent link: https://www.econbiz.de/10001937672
Causal effects of a policy change on hazard rates of a duration outcome variable are not identified from a comparison of spells before and after the policy change, if there is unobserved heterogeneity in the effects and no model structure is imposed. We develop a discontinuity approach that...
Persistent link: https://www.econbiz.de/10010403911
skills. The data also permit novel IV estimation that isolates variation in parental cognitive skills due to school and peer …
Persistent link: https://www.econbiz.de/10012698648
We investigate two-way causality between health and the hourly wage by employing insights from the human capital and … estimation methods in this investigation. We uncover a causal relationship between two of five measures of health and the wage in …
Persistent link: https://www.econbiz.de/10011949107
estimate causality. Further, one potentially can use both the conventional instrumental variable approach in tandem with our …
Persistent link: https://www.econbiz.de/10012137001
Since the demise of the Bretton Woods system, the yen has seen several episodes of strong appreciation, including in the late 1970s, after the 1985 Plaza Agreement, the early and late 1990s and after 2008. These appreciations have not only been associated with "expensive yen recessions"...
Persistent link: https://www.econbiz.de/10012099480
Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of … supported both foreign and domestic investment for technological catch-up. It is the only country where FDI favoured the … manufacturing sector and manufactured exports, and where domestic investment started becoming increasingly important compared to FDI …
Persistent link: https://www.econbiz.de/10009786965
foreign direct investment (FDI) and wage inequality. We particularly check whether this relationship is non-linear, in line … with a theoretical discussion. We find that the effect of FDI differs according to the level of development: we depict two … linear effect in developing countries; wage inequality increases with FDI inward stock but this effect diminishes with …
Persistent link: https://www.econbiz.de/10003473883