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We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs. Heterogeneity of trust beliefs in the population, coupled with the tendency of individuals to extrapolate...
Persistent link: https://www.econbiz.de/10008729239
. The analysis proposed is based on a panel data approach and the Arellano-Bond estimator for dynamic panels. We obtain …, and investment in infrastructures. We employ a generalised least squares AR(1) panel data model. The results provide …
Persistent link: https://www.econbiz.de/10011600070
behaviour. We employ panel estimation method with a pooled mean group estimator. The results do confirm the thesis that foreign …
Persistent link: https://www.econbiz.de/10011702752
This paper explores the influence of the economic cycle on labour mobility within the EU, focusing on the likely impact of the present economic crisis. To do so, we use an econometrically calibrated simulation and a case study of Ireland. We find that, in the short run, the crisis is likely to...
Persistent link: https://www.econbiz.de/10003874247
This paper uses a sectoral version of conventional Imperfect substitutes model to motivate a parsimonious estimation of trade elasticities. The elasticities we compute depend directly on the specialization of trade across sectors, which is believed to add econometric precision to our estimates....
Persistent link: https://www.econbiz.de/10012260864
The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals … manufacturing trade, have gone further and that this is likely one of the key determinants of better economic performance of China …. Still, China’s integration process so far remains characterized by a certain duality. On the one hand the opening up of …
Persistent link: https://www.econbiz.de/10003746305
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We study how the city system is affected by the possibility for the members of the same cultural diaspora to interact across different cities. In so doing, we propose a simple two- city model with two mobile cultural groups. A localized externality fosters the productivity of individuals when...
Persistent link: https://www.econbiz.de/10008823927