Similar Search Results

Entrepreneurship in emerging markets : which institutions matter?

Aidis, Ruta (contributor); Estrin, Saul (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003540174

A structural approach to identify financial transmission in distinguished scenarios of crises

Herwartz, Helmut; Roestel, Jan - 2018

This paper investigates the propagation of instability through key asset markets of the US financial system - equity, real estate, banking and treasury - between 1/3/2000 and 12/26/2014. For this purpose, we develop an identification method to uncover characteristic financial market...

Persistent link: https://www.econbiz.de/10011903210

The euro’s trade effect under cross-sectional heterogeneity and stochastic resistance

Herwartz, Helmut; Weber, Henning - 2010

This paper investigates if the euro's effect on euro-area trade differs across trade sectors and across country pairs …, and to what degree heterogeneity matters for estimating the aggregate euro effect. Time-varying latent variables, which …, aggregate exports within the euro area increase between 2000 and 2002 by 15 to 25 percent compared with aggregate exports …

Persistent link: https://www.econbiz.de/10003976871

The introduction of the Euro and its effects on investment decisions

Haselmann, Rainer (contributor); … - 2005

In this paper we examine changes on investment decisions induced by the introduction of the Euro. There are two … potential sources of portfolio reallocation. First, the introduction of the Euro diminished exchange rate risks within the EMU …

Persistent link: https://www.econbiz.de/10003182391

A robust bootstrap approach to the Hausman test in stationary panel data models

Herwartz, Helmut (contributor); … - 2007

In panel data econometrics the Hausman test is of central importance to select an e±cient estimator of the models' slope parameters. When testing the null hypothesis of no correlation between unobserved heterogeneity and observable explanatory variables by means of the Hausman test model...

Persistent link: https://www.econbiz.de/10003587048

Exact inference in diagnosing value-at-risk estimates : a Monte Carlo device

Herwartz, Helmut (contributor) - 2008

In this note a Monte Carlo approach is suggested to determine critical values for diagnostic tests of Value-at-Risk models that rely on binary random variables. Monte Carlo testing offers exact significance levels in finite samples. Conditional on exact critical values the dynamic quantile test...

Persistent link: https://www.econbiz.de/10003761111

Testing for causality in variance using multivariate GARCH models

Hafner, Christian M. (contributor); … - 2004 - [Elektronische Ressource]

Tests of causality in variance in multiple time series have been proposed recently, based on residuals of estimated univariate models. Although such tests are applied frequently little is known about their power properties. In this paper we show that a convenient alternative to residual based...

Persistent link: https://www.econbiz.de/10001981192

Keeping a low profile : what determines the allocation of aid by non-governmental organizations?

Koch, Dirk-Jan; Dreher, Axel; Nunnenkamp, Peter; … - 2008

NGOs play an important role in international development cooperation, but the allocation of NGO aid has rarely been mapped, let alone explained. Based on a representative dataset for 61 important NGOs from various OECD countries, we analyze the targeting of NGO aid across a large number of...

Persistent link: https://www.econbiz.de/10003650826

De-industrialisation and the post-communist transition : Rowthorn and Wells' model revisited

Mickiewicz, Tomasz (contributor); … - 2005

Persistent link: https://www.econbiz.de/10003159084

Does US aid buy UN general assembly votes? : A disaggregated analysis

Dreher, Axel (contributor); Nunnenkamp, Peter (contributor); … - 2006

Using panel data for 143 countries over the period 1973-2002, this paper empirically analyzes the influence of US aid on voting patterns in the UN General Assembly. We use disaggregated aid data to account for the fact that various forms of aid may differ in their ability to induce political...

Persistent link: https://www.econbiz.de/10003313895