Similar Search Results

Informational content of corporate ratings in a developing country: the case of Brazilian firms

Bone, Rosemarie Bröker; Ribeiro, Eduardo P - In: Economics Bulletin 33 (2013) 1, pp. 35-45

A corporate rating is an opinion from a rating agency about the debt payment capacity and willingness to pay of a private issuer. In principle, ratings issued by a third party should be unbiased and provide private information on credit quality to the market. Yet many researchers argue that such...

Persistent link: https://www.econbiz.de/10011278585

Stock market response to women's active participation in Japan: an event study analysis on a disclosing policy

Mitsuyama, Nahoko; Shimizutani, Satoshi - In: Economics Bulletin 33 (2013) 4, pp. 2596-2606

While the government encourages women's active participation in the economy, the evidence on the causal relationship of female participation to firm performance has been relatively unsupported in Japan. This study examines the short-term stock market response to a disclosure policy, i.e., the...

Persistent link: https://www.econbiz.de/10010699647

A Short-run Schumpeterian Trip to Embryonic African Monetary Zones

Asongu, Simplice A - In: Economics Bulletin 33 (2013) 1, pp. 859-873

With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...

Persistent link: https://www.econbiz.de/10010835849

On the substitution of institutions and finance in investment

Asongu, Simplice A - In: Economics Bulletin 34 (2014) 3, pp. 1557-1574

The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence … finance and institutions because they are less realistic to developing countries to which the resulting policy implications … substitution of institutions and finance in investment. Results under many baseline and augmented scenarios are not consistent with …

Persistent link: https://www.econbiz.de/10010800841

Okun's law in the french regions: a cross-regional comparison

Marie-estelle, Binet; Facchini, Francois - In: Economics Bulletin 33 (2013) 1, pp. 420-433

This article tackles one central issue in the regional science literature: the persistence of regional disparities in unemployment within national economies. Our approach is original as Okun's coefficients are estimated for each of the 22 administrative French regions over the period...

Persistent link: https://www.econbiz.de/10011278517

Unionization and informal economy

Elgin, Ceyhun - In: Economics Bulletin 32 (2012) 3, pp. 2615-2623

In this paper I investigate the relationship between unionization and the size of the informal economy. Using a cross-country panel data for 30 countries over the period from 1960 to 2009, I find a strong and robust negative correlation between unionization and the size of the informal economy.

Persistent link: https://www.econbiz.de/10011278596

Threshold Effects of Economic Growth on Air Pollution under Regimes of Corruption

Chang, Shu-Chen; Chang, Teng-Yu - In: Economics Bulletin 32 (2012) 1, pp. 1046-1059

This study uses the data from 57 countries during 1995 to 2005 to investigate the effects of economic growth on air pollution under regimes of corruption. A threshold and bootstrap approach is used to test whether the threshold effects exist in a pollution model. Our results show that economic...

Persistent link: https://www.econbiz.de/10011278641

Habit formation in household consumption: evidence from Japanese panel data

Iwamoto, Koichiro - In: Economics Bulletin 33 (2013) 1, pp. 323-333

Habit formation in consumption has important implications for the effects of macroeconomic policies. Using micro data from the Japanese Panel Survey of Consumers (JPSC) for the period 1998-2004, an Euler equation à la Dynan (2000) allowing for time-nonseparablity in consumer preferences is...

Persistent link: https://www.econbiz.de/10011278740

Modeling the future of knowledge economy: evidence from SSA and MENA countries

Asongu, Simplice A - In: Economics Bulletin 33 (2013) 1, pp. 612-624

This paper projects the future of knowledge economy (KE) in SSA and MENA countries using the four components of the World Bank's Knowledge Economy Index (KEI): economic incentive, education, ICTs and innovation. The empirical evidence provides the speeds of integration as well as the time...

Persistent link: https://www.econbiz.de/10011278769

Migration and unemployment duration in OECD countries: A dynamic panel analysis

Fromentin, Vincent - In: Economics Bulletin 32 (2012) 2, pp. 1113-1124

This paper examines whether immigration has a positive influence on the duration of unemployment from a macroeconomic perspective. The integration of immigrants into the labor market is a recurrent topic in literature on the economic consequences of immigration, and it is a central concern to...

Persistent link: https://www.econbiz.de/10011278846