Showing 1 - 10 of 44
Over the past two decades, many countries around the world have experienced substantial growth in their economies, driven by inflow of the foreign capital especially in the form of foreign direct investment (FDI). The share of net FDI in world GDP has grown five-fold through recent years, making...
Persistent link: https://www.econbiz.de/10013112103
For the U.S. and for Norway it has been established that men and women working in the same occupation for the same employer receive more or less the same pay. So-called within-job wage discrimination is hence not a driving force for the gender wage gap. We report a comparative and comprehensive...
Persistent link: https://www.econbiz.de/10010334762
Most developing and underdeveloped countries beside Sudan suffer from low levels of income in addition to the low savings that are result from the lack of sophisticated savings channels. Hence, investments depend on the individuals' abilities on savings where they are major motivating vehicle...
Persistent link: https://www.econbiz.de/10013101600
The study examines the faculty salary differentials by sex in 13 U.S. business schools by utilizing the salary information from a publicly-accessible database. Through an analysis of variance, with a 2 x 4 x 6 factorial design, the authors investigate the main and interaction effects of gender,...
Persistent link: https://www.econbiz.de/10013048178
The issue of EDC became increasingly important in the field of development economics primarily because EDC has been occurring more frequent after the deregulation of global financial flows in the 1970s (Tiruneh 2004, Jones 2015) hitting mostly MICs and LICs. Assessing the probability of an EDC...
Persistent link: https://www.econbiz.de/10012946953
The standard hypothesis concerning the behavior of asset returns states that they follow a random walk in discrete time or a Brownian motion in continuous time. The Brownian motion process is characterized by a quantity, called the Hurst exponent, which is related to some fractal aspects of the...
Persistent link: https://www.econbiz.de/10014220908
Recreational services are demanded because they generate benefits. The recreational benefits connected with a destination can be valued based on visitor preferences, which can aid in the formulation of an appropriate Natural Resource Management policy. Environmental and natural resource...
Persistent link: https://www.econbiz.de/10014241428
In this paper we want to discuss macroscopic and microscopic properties of financial markets. By analyzing quantitatively a database consisting of 13 minute per minute recorded financial time series, we identify some macroscopic statistical properties of the corresponding markets, with a special...
Persistent link: https://www.econbiz.de/10010301759
We apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing approaches. Furthermore, we correlate our measure with...
Persistent link: https://www.econbiz.de/10010263887
Pricing kernels implicit in option prices play a key role in assessing the risk aversion over equity returns. We deal with nonparametric estimation of the pricing kernel (Empirical Pricing Kernel) given by the ratio of the risk-neutral density estimator and the subjective density estimator. The...
Persistent link: https://www.econbiz.de/10010270732