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Spillover Effects of Homicides across Mexican Municipalities: A Spatial Regime Model Approach
Flores, Miguel; Rodriguez-Oreggia, Eduardo - Volkswirtschaftliche Fakultät, … - 2014
This paper investigates spatial diffusion patterns of high levels of violence across Mexican municipalities to nearby locations while also exploring the possible effect of increasing law enforcement resources in some regions of the country. Our approach consists of providing a framework based on...
Persistent link: https://www.econbiz.de/10011112724
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The impact of the financial crisis on the interbank money markets behavior. Evidence from several CEE transition economies
Mutu, Simona; Breşfelean, Vasile Paul; Göndör, Mihaela - Volkswirtschaftliche Fakultät, … - 2011
random walk? In our research we deal with unit root tests taking into consideration structural breaks and the persistence of …
Persistent link: https://www.econbiz.de/10011258912
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Procesy s dlouhou pamětí a jejich vývoj ve výnosech indexu PX v letech 1999 – 2009
Kristoufek, Ladislav - Volkswirtschaftliche Fakultät, … - 2009
Long-term memory processes have been extensively examined in recent literature as they provide simple way to test for predictability in the underlying process. However, most of the literature interprets the results of estimated Hurst exponent simply by its comparison to its asymptotic limit of...
Persistent link: https://www.econbiz.de/10005087515
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On the historical and geographic origins of the Sicilian mafia
Buonanno, Paolo; Durante, Ruben; Prarolo, Giovanni; … - Volkswirtschaftliche Fakultät, … - 2011
This research attempts to explain the large differences in the early diffusion of the mafia across different areas of Sicily. We advance the hypothesis that, after the demise of Sicilian feudalism, the lack of publicly provided property-right protection from widespread banditry favored the...
Persistent link: https://www.econbiz.de/10009651393
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Estimating baseline real business cycle models of the Australian economy
Harding, Don; Negara, Siwage - Volkswirtschaftliche Fakultät, … - 2008
This paper is concerned with the issues that arise in building a small Dynamic Stochastic General Equilibrium (DSGE) model of the Australian economy. Our ultimate objective is to build a model that can be used to study long run economic growth and the business cycle. We agree with Cooley and...
Persistent link: https://www.econbiz.de/10009322663
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Capital flow to China and the issue of hot money: an empirical investigation
Lai, Jennifer; J.T. - Volkswirtschaftliche Fakultät, … - 2008
This paper tries to model the time series characteristics of capital flows to China over the period 1999-2008, namely bond flows (BF), equity flows (EF), bank credit (BC), and foreign direct investment (FDI). By utilizing the state space model and using Kalman filtering algorithm with maximum...
Persistent link: https://www.econbiz.de/10009372635
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Mixed fractional Brownian motion, short and long-term Dependence and economic conditions: the case of the S&P-500 Index
Dominique, C-René; Rivera-Solis, Luis Eduardo - Volkswirtschaftliche Fakultät, … - 2011
market is dominated by “con-trarians”, the index jumps to anti-persistence that is a far-from-equilibrium state in which …
Persistent link: https://www.econbiz.de/10009368160
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The reciprocal relationship between systemic risk and real economic activity
Garita, Gus - Volkswirtschaftliche Fakultät, … - 2011
persistence of systemic risk surrounding "the great recession"; (2) it quantifies the reaction of the macro-economy to financial …
Persistent link: https://www.econbiz.de/10009278298
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General Equilibrium Model of Arbitrage Trade and Real Exchange Rate Persistence
Berka, Martin - Volkswirtschaftliche Fakultät, … - 2005
Modelling of the physical characteristics of goods and geography can explain both the puzzling persistence and … volatility in the deviations of the international relative prices and the real exchange rate (the PPP persistence puzzle). In a ….7% of the GDP, the half-life of deviation in the real exchange rate matches the persistence found in the data. A model with …
Persistent link: https://www.econbiz.de/10005836010
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Cross Country Evidence on Consumption Persistence
Belbute, José; Caleiro, António - Volkswirtschaftliche Fakultät, … - 2010
The detection and measurement of the level of persistence on aggregate and disaggregate private consumption in Italy … concluded that that one cannot reject the presence of a significant process of persistence in aggregate and disaggregate … consumption in the three countries, even though each one displaying different levels of persistence. In particular, durables …
Persistent link: https://www.econbiz.de/10008498480