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Natural Resource Dependency and Quality of Government

Anthonsen, Mette; Löfgren, Åsa; Nilsson, Klas - Nationalekonomiska institutionen, Handelshögskolan - 2009

This paper introduces quality of government rather than regime type as dependent variable in studies of the political effects of natural resources. It consists of two parts. First, it theorizes the role of fiscal dependency of oil and gas rents in relation to three different dimensions of...

Persistent link: https://www.econbiz.de/10008514819

A Comparison of Three Network Portfolio Selection Methods -- Evidence from the Dow Jones

Zhan, Hannah Cheng Juan; Rea, William; Rea, Alethea - Department of Economics and Finance, College of … - 2015

We compare three network portfolio selection methods; hierarchical clustering trees, minimum spanning trees and neighbor-Nets, with random and industry group selection methods on twelve years of data from the 30 Dow Jones Industrial Average stocks from 2001 to 2013 for very small private...

Persistent link: https://www.econbiz.de/10011150332

State History and Economic Development: Evidence from Six Millennia

Borcan, Oana; Olsson, Ola; Putterman, Louis - Nationalekonomiska institutionen, Handelshögskolan - 2014

All since the rise of the first civilizations, economic development has been closely intertwined with the evolution of states. In this paper, we contribute to the literature on state history and long-run economic development in four ways. First, we extend and complete the state history index...

Persistent link: https://www.econbiz.de/10011019089

A Western Reversal since the Neolithic? The long-run impact of early agriculture

Olsson, Ola; Paik, Christopher - Nationalekonomiska institutionen, Handelshögskolan - 2013

http://hdl.handle.net/2077/32052 While it is widely believed that regions which experienced a transition to Neolithic agriculture early also become institutionally and conomically more advanced, many indicators suggest that within the Western agricultural core (including Europe, North Africa,...

Persistent link: https://www.econbiz.de/10011019090

What Can Growth Rates Tell Us? A Short-Run Decomposition Method

Lim, Steven; Vaillant, Jason Le; Wu, Harry X. - Department of Economics, Waikato Management School - 2012

Consider time series output data for two sectors, industry and agriculture. By examining just the output data themselves, what can we say about the relative impact of institutional/policy factors, intrasectoral competition for resources, and intersectoral linkages on each sector’s growth?...

Persistent link: https://www.econbiz.de/10010897127

Long-Run Cultural Divergence: Evidence From the Neolithic Revolution

Olsson, Ola; Paik, Christopher - Nationalekonomiska institutionen, Handelshögskolan - 2015

have also had very little experience of democracy during the last century. The findings add to the literature by suggesting …

Persistent link: https://www.econbiz.de/10011272203

The Causal Effects of Ethnic Diversity: An Instrumental Variables Approach

Ahlerup, Pelle - Nationalekonomiska institutionen, Handelshögskolan - 2009

Ethnic diversity is endogenous to economic development in the long run. Yet the standard approach in economic research is to treat ethnic diversity as an exogenous factor. By identifying instruments for ethnic diversity, we correct this misspeci ca- tion and establish that ethnic diversity has...

Persistent link: https://www.econbiz.de/10008459756

A Note on Nonlinear Cointegration, Misspecification and Bimodality

Medeiros, M.C.; Mendes, E.; Oxley, Les - Department of Economics and Finance, College of … - 2010

We show that the asymptotic distribution of the ordinary least squares estimator in a cointegration regression may be bimodal. A simple case arises when the intercept is erroneously omitted from the estimated model or in nonlinear-in-variables models with endogenous regressors. In the latter...

Persistent link: https://www.econbiz.de/10010907432

Identifying Highly Correlated Stocks Using the Last Few Principal Components

Yang, Libin; Rea, William; Rea, Alethea - Department of Economics and Finance, College of … - 2015

We show that the last few components in principal component analysis of the correlation matrix of a group of stocks may contain useful financial information by identifying highly correlated pairs or larger groups of stocks. The results of this type of analysis can easily be included in the...

Persistent link: https://www.econbiz.de/10011252563

Does a Diversification Motive Influence Children’s School Entry in the Ethiopian Highlands?

Lindskog, Annika - Nationalekonomiska institutionen, Handelshögskolan - 2011

Household-level diversification of human capital investments is investigated. A simple model is developed, followed by … an empirical analysis using 2000-2007 data from the rural Amhara region of Ethiopia. Diversification would imply negative … suggest diversification across brothers, but are not statistically strong, and with forces creating positive sibling …

Persistent link: https://www.econbiz.de/10008925676