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capital account and as domestic investors look abroad for returns and diversification. We analyze in detail the allocation …. Diversification and information advantages related to foreign imports to China seem to influence patterns of foreign portfolio …
Persistent link: https://www.econbiz.de/10012178659
Economic theory has identified a number of channels through which openness to international financial flows could raise …
Persistent link: https://www.econbiz.de/10003747653
excessive financial risk. Recent theory concludes that 10-15% of a worker's wealth portfolio can be prudently invested in … higher self-rated knowledge of personal finances, and are more likely to understand the value of diversification. While …
Persistent link: https://www.econbiz.de/10012002671
points. In terms of proportional losses, a loss of 50% or more of the remaining cash endowment increases diversification … endowment, previous diversification strategy, relative difficulty of questions, the ability level of participants, and other … personal traits. The findings support a prospect theory-based model with a coefficient of loss aversion that is increasing in …
Persistent link: https://www.econbiz.de/10013367589
We explore asset holding diversification by Australian households, in particular, the household asset diversification … lower extent of, asset holding diversification. …
Persistent link: https://www.econbiz.de/10010379946
This paper is devoted to the study of diversification and specialization influence on one of the main indicators of … were empirically tested: 1) the dependence of the unemployment rate on the degree of concentration or diversification is … concentration or diversification on the level of unemployment depends on the time period. To test these hypotheses nonparametric …
Persistent link: https://www.econbiz.de/10011958935
The paper contributes to the globalization debate by scrutinizing the international spillover effects which are provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For this purpose a two-country model with imperfect...
Persistent link: https://www.econbiz.de/10011404156
Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive...
Persistent link: https://www.econbiz.de/10003901986
Commodity price increases associated with the entry of China, India and other countries into the world economy has led to increased pressure on common-property renewable natural resources (NR). The problem is particularly worrisome for economies that obtain a large share of their income from the...
Persistent link: https://www.econbiz.de/10003961657
the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …
Persistent link: https://www.econbiz.de/10009663906