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A simple sieve bootstrap range test for poolability in dependent cointegrated panels

Di Iorio, Francesca; Fachin, Stefano - In: Economics Letters 116 (2012) 2, pp. 154-156

We develop a sieve bootstrap range test for poolability of cointegrating regressions in dependent panels and evaluate …

Persistent link: https://www.econbiz.de/10011041703

The spatial dynamics of growth and inequality: Evidence using U.S. county-level data

Atems, Bebonchu - In: Economics Letters 118 (2013) 1, pp. 19-22

’s inequality is associated with a 3.3% decrease in its growth, while one-point increases in inequality in a county’s neighbors … decrease its growth by 4.8%. …

Persistent link: https://www.econbiz.de/10010603127

Microcredit and development in an occupational choice model

Yusupov, Nurmukhammad - In: Economics Letters 117 (2012) 3, pp. 820-823

The existing literature on macroeconomic implications of microcredit is too generic and does not reflect some important characteristics of microenterprises. This paper proposes a potentially useful approach of modeling microcredit interventions in an occupational choice model.

Persistent link: https://www.econbiz.de/10010594189

Education, borrowing constraints and growth

Kitaura, Koji - In: Economics Letters 116 (2012) 3, pp. 575-578

This paper studies the effects of educational borrowing constraints on economic growth and welfare. We consider a three …-period-lived overlapping generations model in which individuals finance their educational expenditures by borrowing. We show that if the … and the growth rate is inverted-U shaped when the constraints are binding. Moreover, when the constraints cease to be …

Persistent link: https://www.econbiz.de/10010594191

GDP clustering: A reappraisal

Battisti, Michele; Parmeter, Christopher F. - In: Economics Letters 117 (2012) 3, pp. 837-840

This note explores clustering in cross country GDP per capita using recently developed model based clustering methods for panel data. Previous research characterizing the components of the overall distribution of output either use ad hoc methods, or methods which ignore/subvert the panel nature...

Persistent link: https://www.econbiz.de/10010594195

Economic literacy, inequality, and financial development

Lo Prete, Anna - In: Economics Letters 118 (2013) 1, pp. 74-76

Empirical studies of the link between finance and inequality document that across countries financial development is …

Persistent link: https://www.econbiz.de/10010603101

Public banks and financial stability

Andrianova, Svetlana - In: Economics Letters 116 (2012) 1, pp. 86-88

Weak institutions are shown to create scope for public banks to play a positive role, even if such banks are less efficient than private banks.

Persistent link: https://www.econbiz.de/10010572191

Chinese firms’ political connection, ownership, and financing constraints

Chan, Kenneth S.; Dang, Vinh Q.T.; Yan, Isabel K.M. - In: Economics Letters 115 (2012) 2, pp. 164-167

We empirically examine some listed Chinese firms’ political connection, ownership, and financing constraints. Politically-connected firms display no financing constraints whereas firms without connection experience significant constraints. Non-connected family-controlled firms bear greater...

Persistent link: https://www.econbiz.de/10010576422

Decomposing the international variation in capital per worker

Mello, Marcelo - In: Economics Letters 113 (2011) 2, pp. 189-191

In a broad panel over the period 1970–2000 we find that approximately 40% of the international variation in capital per worker is accounted for by the cross-country variance in the relative price of capital.

Persistent link: https://www.econbiz.de/10010576427

Financial market participation, financial intermediation, and monetary policy

Ghossoub, Edgar A. - In: Economics Letters 117 (2012) 1, pp. 127-130

It is not uncommon for the Friedman rule to be optimal in neoclassical models with money. Notably, previous studies also find that financial intermediation is not welfare improving when money is costless to hold. This paper departs from previous studies by highlighting the importance of...

Persistent link: https://www.econbiz.de/10010580463

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