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This research examines whether a long-run stationary equilibrium relationship holds between aggregate income and consumption of various primary industrial metals. Using the theory of cointegrated processes, it is possible to determine if metals consumption and income follow a common stochastic...
Persistent link: https://www.econbiz.de/10013000868
We explore the link between international stock market comovement and the degree to which firms operate globally. Using stock returns and balance sheet data for companies in 20 countries, we estimate a factor model that decomposes stock returns into global, country-specific and industry-specific...
Persistent link: https://www.econbiz.de/10014403861
country stock price indices, including that of the United States, Canada, the United Kingdom, France, Germany, and Japan are …
Persistent link: https://www.econbiz.de/10014395829
Persistent link: https://www.econbiz.de/10003942888
European equity trading mainly takes place in electronic order-driven systems. In those systems two groups of traders post their orders. One group makes liquidity by submitting limit orders while the other takes liquidity by submitting market orders. A high degree of liquidity is widely seen as...
Persistent link: https://www.econbiz.de/10013068677
While quantifying the foreign ownership premium has received a lot of attention in the empirical literature, there is only little known about productivity variations between foreign affiliates of multinational firms. In order to enhance the understanding of the economic causes of this...
Persistent link: https://www.econbiz.de/10009515296
effectiveness of government policy across the world. However, there is a paucity of historical data making limiting long …
Persistent link: https://www.econbiz.de/10012494911
The global community has seen the existential threat of climate change caused by rising carbon dioxide emissions. But arising out of the 2015 United Nations Sustainable Development Goals is the call for a shift to clean energy technologies. The EU has set its targets to reach climate-neutrality...
Persistent link: https://www.econbiz.de/10014517636
Persistent link: https://www.econbiz.de/10001780162
relations between six important world markets - U.S., U.K., Germany, Japan, China and India from January 2000 until December … maxima at times of global world events (2001: 9/11-attacks, 2003: Iraq war, SARS, etc). The Japanese market switches … provides a way to quantify the evolvement of interdependencies in the global market, to evaluate a world financial network and …
Persistent link: https://www.econbiz.de/10009354737