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Corsetti, Giancarlo; Küster, Keith; Müller, Gernot J.; … - 2021

We confront the notion that flexible rates insulate a country from external disturbances with new evidence on spillovers from euro-area shocks to neighboring countries. We find that in response to euro-area shocks, spillovers are not smaller, and currency movements not significantly larger, in...

Persistent link: https://www.econbiz.de/10012705556

Measuring the Effects of Segregation in the Presence of Social Spillovers : A Nonparametric Approach

Graham, Bryan S. - 2010

In this paper we nonparametrically analyze the effects of reallocating individuals across social groups in the presence of social spillovers. Individuals are either 'high' or 'low' types. Own outcomes may vary with the fraction of high types in one's social group. We characterize the average...

Persistent link: https://www.econbiz.de/10012462158

Spillover effects in international business cycles

Camacho, Maximo; Pacce, Matías; Pérez-Quirós, Gabriel - 2020

To analyze the international transmission of business cycle fluctuations, we propose a new multilevel dynamic factor model with a block structure that (i) does not restrict the factors to being orthogonal and (ii) mixes data sampled at quarterly and monthly frequencies. By means of Monte Carlo...

Persistent link: https://www.econbiz.de/10012305394

Bounding the Effects of R&D : An Investigation Using Matched Establishment-Firm Data

Adams, James D. - 1996

Studies of firm-level data have shown that a firm's R&D and the R&D of other firms increase conventional factor productivity. We investigate these phenomena further by examining the relationship between plant-level productivity and firm-level R&D. We find that (1) the productivity-enhancing...

Persistent link: https://www.econbiz.de/10012473312

Are Apparent Productive Spillovers a Figment of Specification Error?

Basu, Susanto - 1995

Using data on gross output for two-digit manufacturing industries, we find that an increase in the output of one manufacturing sector has little or no significant effect on the productivity of other sectors. Using value-added data, however, we confirm the results of previous studies which find...

Persistent link: https://www.econbiz.de/10012473816

Spillovers in space and time : where spatial econometrics and Global VAR models meet

Elhorst, J. Paul; Groß, Marco; Tereanu, Eugen - 2018

detailed methodological review of where they meet in terms of structure, interpretation, and estimation methods. We discuss the … structure of cross-section connectivity (weight) matrices used by these models and its implications for estimation. Primarily … modeling and estimation method and of choices that represent empirical spillovers in a clear and interpretable form. …