Narrow search
Showing 1 - 10 of 1,561
Cover Image
How Does the Economic Uncertainty Affect Asset Prices Under Normal and Financial Distress Times?
Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2022
By using a nonlinear VAR model, we investigate whether the response of the US stock and housing markets to uncertainty shocks depends on financial conditions. Our model allows us to change the response of the US financial markets to volatility shocks in periods of normal and financial distress....
Persistent link: https://www.econbiz.de/10013406435
Cover Image
The Value of Publicly Available, Textual and Non-Textual Information for Startup Performance Prediction
Kaiser, Ulrich - 2020
Can publicly available, web-scraped data be used to identify promising business startups at an early stage? To answer this question, we use such textual and non-textual information about the names of Danish firms and their addresses as well as their business purpose statements (BPSs)...
Persistent link: https://www.econbiz.de/10012839061
Cover Image
Iassopack : Model Selection and Prediction with Regularized Regression in Stata
Ahrens, Achim - 2019
-series data (cvlasso), and theory-driven ('rigorous') penalization for the lasso and square-root lasso for cross-section and panel …
Persistent link: https://www.econbiz.de/10012894061
Cover Image
Equilibrium Simulation with Microeconometric Models : A New Procedure with an Application to Income Support Policies
Colombino, Ugo - 2012
Many microeconometric models of discrete labour supply include alternative-specific constants meant to account for (possibly besides other factors) the density or accessibility of particular types of jobs (e.g. part-time jobs vs. full-time jobs). The most common use of these models is the...
Persistent link: https://www.econbiz.de/10013104073
Cover Image
An Empirical Growth Model for Major Oil Exporters
Esfahani, Hadi Salehi - 2012
-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …
Persistent link: https://www.econbiz.de/10013107701
Cover Image
A Gravity Model of Migration between Enc and EU
Ramos, Raul - 2013
Due to ageing population and low birth rates, the European Union (EU) will need to import foreign labour in the next decades. In this context, the EU neighbouring countries (ENC) are the main countries of origin and transit of legal and illegal migration towards Europe. Their economic, cultural...
Persistent link: https://www.econbiz.de/10013073508
Cover Image
Measuring Poverty Dynamics with Synthetic Panels Based on Repeated Cross-Sections
Dang, Hai-Anh; Lanjouw, Peter - 2022
Panel data are rarely available for developing countries. Departing from traditional pseudo-panel methods that require multiple rounds of cross-sectional data to study poverty mobility at the cohort level, we develop a procedure that works with as few as two survey rounds and produces point...
Persistent link: https://www.econbiz.de/10014264703
Cover Image
The Cyclical Volatility of Labor Markets Under Frictional Financial Markets
Petrosky-Nadeau, Nicolas - 2010
Financial frictions are known to raise the volatility of economies to shocks (e.g. Bernanke andGertler 1989). We follow this line of research to the labor literature concerned by the volatility of labor market outcomes to productivity shocks initiated by Shimer (2005): in an economy with search...
Persistent link: https://www.econbiz.de/10013139045
Cover Image
Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency
Cahuc, Pierre - 2009
We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading requires specialized intermediaries and where agents freely choose between working in the production or in the financial sector. Frictions in the market for deposits create...
Persistent link: https://www.econbiz.de/10013153172
Cover Image
Credit Constraints and the Persistence of Unemployment
Dromel, Nicolas - 2009
In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its persistence. For this purpose, we first develop a theoretical model based on the equilibrium matching framework of Mortensen and Pissarides (1999) and Pissarides (2000) where we...
Persistent link: https://www.econbiz.de/10013155160