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Challenges and policy lessons for the growth-employment-poverty nexus in developing countries
Fields, Gary S. - In: IZA Journal of Labor Policy 1 (2012), pp. 1-24
Of the world’s 6.7 billion people (as of 2008), 1.3 billion lived on less than $1.25 Purchasing Power Parity dollars … scourge of absolute economic misery among billions of the world’s people is one of the most serious problems facing humankind … today. Unemployment (defined below) befalls about 200 million of the world’s people - a sizeable number but small compared …
Persistent link: https://www.econbiz.de/10010082273
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Impact of foreign direct investment on economic growth of Pakistan
Saqib, Najia; Masnoon, Maryam; Rafique, Nabeel - In: Advances in management & applied economics 3 (2013) 1, pp. 35-45
Given contrasting evidence in the literature pertaining to the impact of Foreign Direct Investment on the host country’s economy, we take the case of Pakistan and test the said association for this nation. The data used for this study has spanned over the period of 1981 till 2010. Besides FDI,...
Persistent link: https://www.econbiz.de/10010097686
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An interpretation of an affine term structure model for Chile
Ochoa, J. Marcelo - In: Estudios de economía 33 (2006) 2, pp. 155-184
This paper attempts to provide an economic interpretation of the factors that drive the movements of interest rates of bonds of different maturities in a continuous-time no-arbitrage term structure model for Chile. The dynamics of yields in the model are explained by two latent factors, namely...
Persistent link: https://www.econbiz.de/10009959071
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Creación y destrucción de empresas en Chile
Benavente H., José Miguel; Külzer S., Cintia - In: Estudios de economía 35 (2008) 2, pp. 215-239
. This is one of the major strengths of this paper. By using an econometric panel data model, we found that productive …
Persistent link: https://www.econbiz.de/10009959090
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The bank lending channel and lunar phases : Evidence from a panel of European banks
Apergis, Nicholas; Gabrielsen, Alexander - In: Journal of finance and investment analysis 1 (2012) 3, pp. 1-19
While many studies have demonstrated the impact of weather conditions along with lunar phases on stock markets, this paper explores the impact of lunar phases on the bank lending channel for a sample of European banks, using the GMM estimator methodology, suggested in Arellano and Bond (1991),...
Persistent link: https://www.econbiz.de/10010079570
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Managing operating efficiencies of publicly owned universities : American university stochastic frontier estimates using panel data
Sav, G. Thomas - In: Advances in management & applied economics 2 (2012) 1, pp. 1-23
education. The analysis employs panel data on American research and doctoral granting universities spanning four academic years …
Persistent link: https://www.econbiz.de/10010009057
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Threshold effects in the capital asset pricing model using panel smooth transition regression (PSTR) : evidence from net oil export and import groups
Nieh, Chien-chung; Yao, Hsueh-chu - In: Advances in management & applied economics 3 (2013) 2, pp. 179-192
In this study, we used the PSTR (panel smooth transition regression) model to investigate the nonlinear relationship … between beta (systematic risk) and returns (world market excess returns) for net oil export and net oil import groups. We set … the volatility of world market excess return as the threshold variable and the percentage changes of crude oil price and …
Persistent link: https://www.econbiz.de/10010097691
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A meta-frontier approach for comparing bank efficiency differences between Indonesia, Malaysia and Thailand
Liu, Yi-cheng; Chen, Ying-hsiu - In: Journal of applied finance & banking 2 (2012) 6, pp. 131-150
The purpose of this paper is to employ the Meta-Frontier Cost Function to compare the bank efficiencies in Indonesia, Malaysia, and Thailand during the period of 2002-2009. We propose two new variables: income on loans and non-performing loans, to identify whether the banks are both cost and...
Persistent link: https://www.econbiz.de/10010118419
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Human development and trade openness : a case study on developing countries
Kabadayı, Burhan - In: Advances in management & applied economics 3 (2013) 3, pp. 193-199
being open market oriented is good for societies as a whole. Therefore, this study uses panel data analysis in order to …. For life standards indicators, human development index (HDI) was taken into account. Data were obtained from World Bank …
Persistent link: https://www.econbiz.de/10010148032
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Understanding poverty persistence in Spain
Aylloón, Sara - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 2, pp. 201-233
The aim of this paper is to study the mechanisms behind poverty persistence in Spain. We examine the importance of past poverty experiences for explaining current poverty as opposed to observed and unobserved individual heterogeneity. Our results are based on the model proposed by Cappellari and...
Persistent link: https://www.econbiz.de/10010148160