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Using a new database of islands throughout the Atlantic, Pacific and Indian Oceans we examine whether colonial origins affect modern economic outcomes. We argue that the nature of discovery and colonization of islands provides random variation in the length and type of colonial experience. We...
Persistent link: https://www.econbiz.de/10012760627
Using a new database of islands throughout the Atlantic, Pacific and Indian Oceans we examine whether colonial origins affect modern economic outcomes. We argue that the nature of discovery and colonization of islands provides random variation in the length and type of colonial experience. We...
Persistent link: https://www.econbiz.de/10012466117
Persistent link: https://www.econbiz.de/10012534599
Analysts often examine the black-white test score gap conditional on family income. Typically only a current income measure is available. We argue that the gap conditional on permanent income is of greater interest, and we describe a method for identifying this gap using an auxiliary data set to...
Persistent link: https://www.econbiz.de/10012461047
Analysts often examine the black-white test score gap conditional on family income. Typically only a current income measure is available. We argue that the gap conditional on permanent income is of greater interest, and we describe a method for identifying this gap using an auxiliary data set to...
Persistent link: https://www.econbiz.de/10014188330
Analysts often examine the black-white test score gap conditional on family income. Typically only a current income measure is available. We argue that the gap conditional on permanent income is of greater interest, and we describe a method for identifying this gap using an auxiliary data set to...
Persistent link: https://www.econbiz.de/10013118242
Engle and Russell (1998) introduce the autoregressive conditional duration (ACD) model to model the dynamics of … financial duration. It is recognized that the ACD model can be specified in ARMA form. We show that as long as the innovations … this fact, we develop a lognormal autoregressive conditional duration (LNACD) model. The LNACD model permits a humped …
Persistent link: https://www.econbiz.de/10013060503
Persistent link: https://www.econbiz.de/10013424125
Persistent link: https://www.econbiz.de/10014304047
This paper examines the determinants of hospital stay intensity, the decision to seek hospital care as a public or private patient and the decision to purchase private hospital insurance. We describe a theoretical model to motivate the simultaneous nature of these decisions. For the empirical...
Persistent link: https://www.econbiz.de/10013130714