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A Survey of Hedge and Safe Havens Assets against G-7 Stock Markets before and during the COVID-19 Pandemic
Ozdemir, Huseyin; Ozdemir, Zeynel Abidin - 2021
We propose a new Sharpe ratio index obtained from return and volatility spillover indices to individual assets from the …-7 stock markets by using daily return and volatility data from September 2013 to October 2021. Our empirical findings …
Persistent link: https://www.econbiz.de/10012882464
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How prediction markets can save event studies
Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - 2011
This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions - from the economic effects of party control of government...
Persistent link: https://www.econbiz.de/10010278809
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Warrant economics, call-put policy options and the fallacies of economic theory
Hatgioannides, John; Karanassou, Marika - 2011
plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of …
Persistent link: https://www.econbiz.de/10010282231
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Two to tangle: financial development, political instability and economic growth in Argentina (1896 - 2000)
Campos, Nauro F.; Karanasos, Menelaos G.; Tan, Bin - 2008
.g., cabinet changes) has an indirect (through volatility) impact on growth; (iii) the effect of financial development is positive … and, surprisingly, not via volatility; (iv) the informal instability effects are much larger in the short- than in the …
Persistent link: https://www.econbiz.de/10010268984
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From Riches to Rags, and Back? Institutional Change, Financial Development and Economic Growth in Argentina since the 1890s
Campos, Nauro F.; Karanasos, Menelaos G.; Tan, Bin - 2014
Argentina is the only country in the world that was "developed" in 1900 and "developing" in 2000. The various competing … individual effects on economic growth and volatility using the power-ARCH framework with annual data since the 1890s. The results …
Persistent link: https://www.econbiz.de/10010468182
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From Riches to Rags, and Back? Institutional Change, Financial Development and Economic Growth in Argentina since the 1890s
Campos, Nauro F; Karanasos, Menelaos G.; Tan, Bin - Institute for the Study of Labor (IZA) - 2014
Argentina is the only country in the world that was "developed" in 1900 and "developing" in 2000. The various competing … individual effects on economic growth and volatility using the power-ARCH framework with annual data since the 1890s. The results …
Persistent link: https://www.econbiz.de/10011095511
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Growth, Volatility and Political Instability: Non-Linear Time-Series Evidence for Argentina, 1896-2000
Campos, Nauro F.; Karanasos, Menelaos - Institute for the Study of Labor (IZA) - 2007
What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …
Persistent link: https://www.econbiz.de/10005761766
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Two to Tangle: Financial Development, Political Instability and Economic Growth in Argentina (1896–2000)
Campos, Nauro F.; Karanasos, Menelaos G.; Tan, Bin - Institute for the Study of Labor (IZA) - 2008
.g., cabinet changes) has an indirect (through volatility) impact on growth; (iii) the effect of financial development is positive … and, surprisingly, not via volatility; (iv) the informal instability effects are much larger in the short- than in the …
Persistent link: https://www.econbiz.de/10005703824
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A nonparametric examination of capital-skill complementarity
Henderson, Daniel J. - 2008
This paper uses nonparametric kernel methods to construct observation-specific elasticities of substitution for a balanced panel of 73 developed and developing countries to examine the capital-skill complementarity hypothesis. The exercise shows some support for capital-skill complementarity,...
Persistent link: https://www.econbiz.de/10010269310
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Does education matter for economic growth?
Delgado, Michael S.; Henderson, Daniel J.; Parmeter, … - 2012
Empirical growth regressions typically include mean years of schooling as a proxy for human capital. However, empirical research often finds that the sign and significance of schooling depends on the sample of observations or the specification of the model. We use a nonparametric local-linear...
Persistent link: https://www.econbiz.de/10010291365