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What Makes a Program Good? Evidence from Short-Cycle Higher Education Programs in Five Developing Countries

Dinarte-Diaz, Lelys; Ferreira, María M.; Urzua, Sergio; … - National Bureau of Economic Research - 2022

Short-cycle higher education programs (SCPs) can play a central role in skill development and higher education expansion, yet their quality varies greatly within and among countries. In this paper we explore the relationship between programs' practices and inputs (quality determinants) and...

Persistent link: https://www.econbiz.de/10013362018

Does School Autonomy Make Sense Everywhere? Panel Estimates from PISA

Hanushek, Eric A. - 2011

Decentralization of decision-making is among the most intriguing recent school reforms, in part because countries went in opposite directions over the past decade and because prior evidence is inconclusive. We suggest that autonomy may be conducive to student achievement in well-developed...

Persistent link: https://www.econbiz.de/10012461066

The Role of School Improvement in Economic Development

Hanushek, Eric A. - 2007

The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in promoting economic well-being, with a particular focus on...

Persistent link: https://www.econbiz.de/10012465824

Internationalization and the evolution of corporate valuation

Levine, Ross - 2005

"By documenting the evolution of Tobin's "q" before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, we find that...

Persistent link: https://www.econbiz.de/10010522397

Land, Labor and Globalization in the Pre-Industrial Third World

Williamson, Jeffrey G. - 2000

A Third World data base documenting commodity and factor prices 1870-1940 has been collected, yielding annual time … for 10 in the so-called greater Atlantic economy: Australia, Britain, Canada, Denmark, France, Germany, Ireland, Spain …/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …

Persistent link: https://www.econbiz.de/10012470966

Is Globalization Today Really Different than Globalization a Hunderd Years Ago?

Bordo, Michael D. - 1999

for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …

Persistent link: https://www.econbiz.de/10012471593

Regional Contagion and the Globalization of Securities Markets

Calvo, Guillermo A. - 1999

This paper argues that the globalization of securities markets may promote contagion among investors by weakening incentives for gathering costly country-specific information and by strengthening incentives for imitating arbitrary market portfolios. In the presence of short-selling constraints,...

Persistent link: https://www.econbiz.de/10012471634

Globalization of Equity Markets and the Cost of Capital

Stulz, Rene M. - 1999

This paper examines the impact of globalization on the cost of equity capital. We argue that the cost of equity capital decreases because of globalization for two important reasons. First, the expected return that investors require to invest in equity to compensate them for the risk they bear...

Persistent link: https://www.econbiz.de/10012471779

Global Macro-Financial Cycles and Spillovers

Ha, Jongrim - 2020

We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...

Persistent link: https://www.econbiz.de/10012479322

Is Financial Globalization in Reverse After the 2008 Global Financial Crisis? Evidence from Corporate Valuations

Doidge, Craig - 2020

For the last two decades, non-US firms have lower valuations than similar US firms. We study the evolution of this valuation gap to assess whether financial markets are less integrated after the 2008 global financial crisis (GFC). The valuation gap for firms from developed markets increases by...

Persistent link: https://www.econbiz.de/10012481979

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