Showing 1 - 10 of 165
We study the effects of domestic trade liberalization on labor markets in Botswana. South Africa is the dominant member … plausibly exogenous tariff reductions for the other customs union members, including Botswana. Using labor force surveys from … Botswana spanning a decade, we find that trade liberalization did not affect the relative size of industries in terms of …
Persistent link: https://www.econbiz.de/10012480271
increase vulnerability to infection? We use data from two recent household surveys in Botswana to address this question. We …
Persistent link: https://www.econbiz.de/10012466247
development quest. The sample includes seven developing countries--Botswana, Ghana, Nigeria, Zambia, India, Vietnam and Brazil …
Persistent link: https://www.econbiz.de/10012455303
This paper decomposes Botswana's growth from the late 1960s through 2010 into a within-sector and a between …-sector (structural change) component. We find that during the 70s and 80s Botswana's rapid economic growth was characterized by … that this is one of the reasons for persistent poverty and very high income inequality in Botswana today. This leaves us …
Persistent link: https://www.econbiz.de/10012457639
We extend the control function approach of Altonji and Mansfield (2018) to allow for multiple group levels and complementarities. Our analysis provides a foundation for causal interpretation of multilevel mixed effects models in the presence of sorting. In our empirical application, we obtain...
Persistent link: https://www.econbiz.de/10012480819
This case study compares the importance of prevailing market factors against that of COVID-19 dynamics and policy responses in explaining the evolution of Eurozone (EZ) sovereign spreads during the first half of 2020. Focusing on daily Eurozone CDS spreads, we adopt a multi-stage econometric...
Persistent link: https://www.econbiz.de/10012481646
When excess returns are used to estimate linear stochastic discount factor (SDF) models, researchers often adopt a normalization of the SDF that sets its mean to 1, or one that sets its intercept to 1. These normalizations are often treated as equivalent, but they are subtly different both in...
Persistent link: https://www.econbiz.de/10012462024
This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and...
Persistent link: https://www.econbiz.de/10012462910
This paper uses the factor augmented regression framework to analyze the relation between bond excess returns and the macro economy. Using a panel of 131 monthly macroeconomic time series for the sample 1964:1-2007:12, we estimate 8 static factors by the method of asymptotic principal...
Persistent link: https://www.econbiz.de/10012463461
This paper uses factor analytic methods to decompose industrial production (IP) into components arising from aggregate shocks and idiosyncratic sector-specific shocks. An approximate factor model finds that nearly all (90%) of the variability of quarterly growth rates in IP are associated with...
Persistent link: https://www.econbiz.de/10012464258