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We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10013013596
Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...
Persistent link: https://www.econbiz.de/10013325040
Our objective is to analyse the role of teacher and school quality to explain differences in students' educational outcomes. With this aim, we use PISA microdata for 10 middle income and 2 high income countries and we apply decomposition methods in order to identify the role of these factors for...
Persistent link: https://www.econbiz.de/10013057037
We analyze to which extent social inequality aversion differs across nations when controlling for actual country differences in labor supply responses. Towards this aim, we estimate labor supply elasticities at both extensive and intensive margins for 17 EU countries and the US. Using the same...
Persistent link: https://www.econbiz.de/10013086204
We focus on human capital measured by education outcomes (skills) and establish the relationship between human capital, R&D investments, and productivity across 12 OECD economies and 17 manufacturing and service industries. Much of the recent literature has relied on school attainment rather...
Persistent link: https://www.econbiz.de/10012966051
audience in the political and scientific world, in this paper we further analyze the UNICEF study data base and present three …
Persistent link: https://www.econbiz.de/10012775460
already converged to that of Asian emerging markets, but China still enjoys enormous labor cost advantages over its …
Persistent link: https://www.econbiz.de/10013141714
Using microdata for 35 countries over the period 1985-1994-2002 we find that labor market institutions traditionally associated to more compressed wage structures are associated to a higher family gap. Our results indicate that these policies reduce the price effect of having children but...
Persistent link: https://www.econbiz.de/10012777857
We construct a model of offshoring with externalities and firm heterogeneity. Due to the presence of externalities, temporary shocks like the Y2K problem can have permanent effects, i.e., they can permanently raise the extent of offshoring in an industry. Also, the initial advantage of a country...
Persistent link: https://www.econbiz.de/10014049472
that the within-country relationship of women's employment and income is, on average, negative in Asia and Latin America … and potentially correlated shocks. In Asia and Latin America, characteristics that strengthen counter-cyclical responses … self-employment amongst women. In Asia and Latin America, there is a parallel rise in paid employment and a sharp drop in …
Persistent link: https://www.econbiz.de/10013144690