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Persistent link: https://www.econbiz.de/10013171085
In recent years there has been a plethora of empirical papers by economists concerning the effects of academic rank in school or college on subsequent outcomes of students. We review this recent literature, describing the difficult identification and measurement issues, the assumptions and...
Persistent link: https://www.econbiz.de/10013040930
This paper studies how a student's ordinal rank in a peer group affects performance and specialisation choices in university. By exploiting data with repeated random assignment of students to teaching sections, we find that a higher rank increases performance and the probability of choosing...
Persistent link: https://www.econbiz.de/10012591844
The debate over the use of tariffs or value added taxes in developing countries has focused on the difficulty of collecting VAT from the informal sector of the economy. This paper contributes by considering this issue with heterogeneous firms and endogenous entry. This yields two new results....
Persistent link: https://www.econbiz.de/10009726081
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The correlation across US states in house price growth increased steadily between 1976 and 2000. This paper shows that … state pairs and document that house price growth correlation is strongly related to this measure of financial integration …. Our IV estimates suggest that banking integration can explain up to one fourth of the rise in house price correlation over …
Persistent link: https://www.econbiz.de/10011978173
Persistent link: https://www.econbiz.de/10010463669
variables eliminates the serial correlation after q lags. Importantly, maximum likelihood estimation and likelihood ratio …
Persistent link: https://www.econbiz.de/10011489949
This paper analyses identification for multivariate unobserved components models in which the innovations to trend and cycle are correlated. We address order and rank criteria as well as potential non-uniqueness of the reduced-form VARMA model. Identification is shown for lag lengths larger than...
Persistent link: https://www.econbiz.de/10011491916