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Decomposition of Differences in PISA Results in Middle Income Countries

Nieto, Sandra - 2014

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

Modelling Volatilities and Conditional Correlations in Futures Markets with a Multivariate T Distribution

Pesaran, Bahram; Pesaran, M. Hashem - 2021

than by GARCH type volatility estimates. The t-DCC estimation procedure is applied to a portfolio of daily returns on …This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by …-DCC specification. The t-DCC model also passes a number of VaR diagnostic tests over an evaluation sample. The estimation results …

Persistent link: https://www.econbiz.de/10013316934

Volatility and Growth : Governments are Key

Jetter, Michael - 2013

paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …

Persistent link: https://www.econbiz.de/10013071293

Public Wages, Public Employment, and Business Cycle Volatility : Evidence from U.S. Metro Areas

A. Reicher, Claire - 2016

business cycle volatility, hinting at a stabilizing effect of public employment, while public wages correlate weakly and … positively with business cycle volatility, hinting at a destabilizing effect of public wages. To explain these relationships, we …

Persistent link: https://www.econbiz.de/10012989839

Fewer Jobs or Smaller Paychecks? Aggregate Crisis Impacts in Selected Middle-Income Countries

Khanna, Gaurav - 2011

This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...

Persistent link: https://www.econbiz.de/10013120422

Globalization, Structural Change and Innovation in Emerging Economies : The Impact on Employment and Skills

Vivarelli, Marco - 2018

This paper aims to provide a critical overview of the drivers that the relevant theoretical and empirical literature suggests being crucial in dealing with the challenges an emerging country may encounter in its attempts to further catch-up a higher income status, with a particular focus devoted...

Persistent link: https://www.econbiz.de/10012909972

The Effectiveness of Interventions to Reduce Informality in Low- and Middle Income Countries

Jessen, Jonas - 2019

Labor markets in low- and middle income countries are characterized by high levels of informality. A multitude of interventions have therefore been implemented in many countries with the objective to increase the formalization of firms and workers, including information campaigns, simplification...

Persistent link: https://www.econbiz.de/10012865842

Growth in the Shadows : Effect of the Shadow Economy on U.S. Economic Growth Over More than a Century

Goel, Rajeev K. - 2017

This paper provides a long-term view by studying the effect of the underground or shadow economy on economic growth in the Unites States over the period 1870 to 2014. Shadow activities might spur or retard economic growth depending on their interactions with the formal sector and impacts on the...

Persistent link: https://www.econbiz.de/10012957508

Testing the Correlated Random Coefficient Model

Heckman, James J. - 2009

The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...

Persistent link: https://www.econbiz.de/10013154992

Educational Homogamy and Assortative Mating Have Not Increased

Gihleb, Rania - 2016

sensitive to how educational categories are chosen. We also find no evidence that the correlation between spouses' potential …

Persistent link: https://www.econbiz.de/10012977330

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