Showing 1 - 10 of 140
It is commonly believed that higher budget deficits raise interest rates. However, these crowding out effects of increasing public debt have usually been found to be small or non-existent. One explanation is that on globalised bond markets interest rate differentials are offset due to financial...
Persistent link: https://www.econbiz.de/10011048781
We employ a large dataset of physical inventory data on 21 different commodities for the period 1993–2011 to empirically analyze the behavior of commodity prices and their volatility as predicted by the theory of storage. We examine two main issues. First, we analyze the relationship between...
Persistent link: https://www.econbiz.de/10010588244
This study examines the technical efficiency of Thai manufacturing SMEs and their firm-specific determinants utilising firm-level industrial census data for 1997 and 2007. Results from a stochastic frontier production function and technical inefficiency effects model reveal that Thai SMEs are...
Persistent link: https://www.econbiz.de/10010939697
A spatial error model is classified as a geostatistical model or a weight matrix model on the basis of the method of specification of spatial autocorrelation in the disturbance. Specification errors cannot be assumed to be absent, and the robustness of alternative specifications is useful for...
Persistent link: https://www.econbiz.de/10010608299
Macroeconomic theories take polar views on the importance of choice versus chance. At the micro level, it seems realistic to assume that both dimensions play a role for individual employment outcomes, although it might be difficult to separate these two effects. Nevertheless the choice and...
Persistent link: https://www.econbiz.de/10010737957
An increasing amount of empirical evidence suggests that patients with higher socioeconomic status wait less within publicly-funded hospitals to receive non-emergency (elective) surgery. Using data from Australia, we investigate the extent to which such gradient can be explained by sample...
Persistent link: https://www.econbiz.de/10010738010
In this paper, we employ a method to examine the factors affecting quality choice by Greek households, using cross-sectional survey data. We illustrate the method using the raw data of the 2004/05 Household Budget Survey for meat and fish products. Quality elasticities of total food expenditure...
Persistent link: https://www.econbiz.de/10010588226
This paper investigates the momentum effects under different firm performance levels for Chinese real estate stocks using quantile regression with a dummy variable estimator. This paper finds that regardless of the momentum horizon, the momentum effects are positive under high-performing...
Persistent link: https://www.econbiz.de/10010588238
In the context of spatial econometrics, we discuss the specification of one-directional effects, not mutual dependencies. Using an empirical study (a spatial autoregressive model of land price data in Fukui Prefecture, Japan) and Monte Carlo simulation results (contiguity matrices built based on...
Persistent link: https://www.econbiz.de/10010599353
Why do industrial clusters occur in space? Is it because industries need to stay close together to interact or, conversely, because they concentrate in certain portions of space to exploit favourable conditions like public incentives, proximity to communication networks, to big population...
Persistent link: https://www.econbiz.de/10010599356