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Sharing Oil Rents and Political Violence
Cordella, Tito - 2016
This paper investigates how the devolution of oil windfalls affects the likelihood of political violence. It shows that transferring large shares of oil wealth can prevent conflict, while transferring small shares can trigger it. Among the different transfer schemes, fiscal transfers (to...
Persistent link: https://www.econbiz.de/10012245563
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The financial costs of the U.S.-China trade tensions : evidence from East Asian stock markets
De Nicola, Francesca; Kessler, Martin; Nguyen, Ha - 2019
This paper examines the impacts of U.S.-China trade tensions via the lens of East Asian stock markets. Studying 10 indices of the main East Asian stock markets, it finds that announcements of "trade war" escalation translated into 50 to 60 percent of the total declines in two major Chinese stock...
Persistent link: https://www.econbiz.de/10012167933
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A new tail-based correlation measure and its application in global equity markets
Liu, Jinjing - 2019
The co-dependence between assets tends to increase when the market declines. This paper develops a correlation measure focusing on market declines using the expected shortfall (ES), referred to as the ES-implied correlation, to improve the existing value at risk (VaR)-implied correlation....
Persistent link: https://www.econbiz.de/10012004764
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Assessing the international comovement of equity returns
Abate, Girum Dagnachew; Servén, Luis - 2018
The international comovement of equity returns has been viewed as reflecting either pervasive common shocks or local linkages between countries. This paper brings these perspectives together by assessing the comovement of equity returns in a dynamic model that allows for both common factors and...
Persistent link: https://www.econbiz.de/10011902919
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Financial Globalization and Market Volatility : An Empirical Appraisal
Cordella, Tito - 2017
This paper computes a new financial globalization index for a large sample of countries for 1992-2016. Unlike other measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward adjustment of financial globalization trends for...
Persistent link: https://www.econbiz.de/10012246024
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Jobs' amenability to working from home : evidence from skills surveys for 53 countries
Hatayama, Maho; Viollaz, Mariana; Winkler, Hernan - 2020
The spread of COVID-19 and implementation of "social distancing" policies around the world have raised the question of …
Persistent link: https://www.econbiz.de/10012241132
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Determinants of social distancing and economic activity during COVID-19 : a global view
Maloney, William F.; Taskin, Temel - 2020
The paper uses Google mobility data to identify the determinants of social distancing during the 2020 COVID-19 outbreak. The findings for the United States indicate that much of the decrease in mobility is voluntary, driven by the number of COVID-19 cases and proxying for greater awareness of...
Persistent link: https://www.econbiz.de/10012241139
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COVID-19 mortality in rich and poor countries : a tale of two pandemics?
Schellekens, Philip; Sourrouille, Diego - 2020
applies not just to the vulnerable in the rich world; the vulnerable in the rest of the world are not more immune. Yet … inequality creates the impression that the world is subjected to two different pandemics in terms of their impact. This paper … yet to run its course through the age distributions of the world …
Persistent link: https://www.econbiz.de/10012241230
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Purchasing Power Parities and the Size of World Economies : Results from the 2017 International Comparison Program
World Bank Group (contributor) - World Bank Group - 2020
The International Comparison Program (ICP) is a worldwide statistical initiative led by the World Bank under the … the world's economies. The report provides ICP results for the benchmark year 2017 and revised results for earlier years …-operation and Development, the United Nations, and the World Bank. Notably, PPPs and ICP data are used in indicators monitoring …
Persistent link: https://www.econbiz.de/10012644294
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Benchmarking Public Procurement 2017 : Assessing Public Procurement Regulatory Systems in 180 Economies
World Bank Group - 2016
statistics on the size of public procurement in economies around the world. While data are publicly available for High …-income economies, for the rest of the world, data and studies are scarce. However, public procurement is as important in developing …
Persistent link: https://www.econbiz.de/10012646534