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Kerr, William R. - 2020

Tech clusters like Silicon Valley play a central role for modern innovation, business competitiveness, and economic performance. This paper reviews what constitutes a tech cluster, how they function internally, and the degree to which policy makers can purposefully foster them. We describe the...

Persistent link: https://www.econbiz.de/10012481616

Industrial Clusters, Networks and Resilience to the Covid-19 Shock in China

Dai, Ruochen - 2020

We examine how exposure of Chinese firms to the Covid-19 shock varied with a cluster index (measuring spatial agglomeration of firms in related industries) at the county level. Two data sources are used: entry flows of newly registered firms in the entire country, and an entrepreneur survey...

Persistent link: https://www.econbiz.de/10012482220

Informational Content of Factor Structures in Simultaneous Binary Response Models

Khan, Shakeeb; Maurel, Arnaud; Zhang, Yichong - National Bureau of Economic Research - 2021

We study the informational content of factor structures in discrete triangular systems. Factor structures have been employed in a variety of settings in cross sectional and panel data models, and in this paper we formally quantify their identifying power in a bivariate system often employed in...

Persistent link: https://www.econbiz.de/10012482545

Clustering, Spatial Correlations and Randomization Inference

Barrios, Thomas - 2010

It is standard practice in empirical work to allow for clustering in the error covariance matrix if the explanatory variables of interest vary at a more aggregate level than the units of observation. Often, however, the structure of the error covariance matrix is more complex, with correlations...

Persistent link: https://www.econbiz.de/10012462895

Disability policies : Reform strategies in a comparative perspective

Böheim, René - 2016

We analyze different disability policy strategies using policy scores developed by the OECD for the period 1990 to 2007. Applying model-based and hierarchical agglomerative clustering, we investigate the existence of distinct country clusters, characterized by particular policy combinations. In...

Persistent link: https://www.econbiz.de/10012456469

Defining Clusters of Related Industries

Delgado, Mercedes - 2014

Clusters are geographic concentrations of industries related by knowledge, skills, inputs, demand, and/or other linkages. A growing body of empirical literature has shown the positive impact of clusters on regional and industry performance, including job creation, patenting, and new business...

Persistent link: https://www.econbiz.de/10012458291

Clusters, Convergence, and Economic Performance

Delgado, Mercedes - 2012

This paper evaluates the role of regional cluster composition in the economic performance of industries, clusters and regions. On the one hand, diminishing returns to specialization in a location can result in a convergence effect: the growth rate of an industry within a region may be declining...

Persistent link: https://www.econbiz.de/10012460410

Interest Rate Volatility and Contagion in Emerging Markets : Evidence from the 1990s

Edwards, Sebastian - 2000

of volatility through time. We are particularly interested in understanding whether periods of high volatility spillover … across countries. Our analysis relies both on univariate and bivariate switching volatility models. Our results indicate that … high-volatility episodes are, in general, short-lived, lasting from two to seven weeks. We find some weak evidence of …

Persistent link: https://www.econbiz.de/10012470937

Macroeconomic Volatility in Latin America : A View and Three Case Studies

Caballero, Ricardo J. - 2000

efforts, several structural sources of volatility remain, and new ones have emerged as a result of the new and otherwise …

Persistent link: https://www.econbiz.de/10012470968

Forecasting Crashes : Trading Volume, Past Returns and Conditional Skewness in Stock Prices

Chen, Joseph - 2000

This paper is an investigation into the determinants of asymmetries in stock returns. We develop a series of cross-sectional regression specifications which attempt to forecast skewness in the daily returns of individual stocks. Negative skewness is most pronounced in stocks that have...

Persistent link: https://www.econbiz.de/10012471074

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