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Recent technological developments have enabled a wide array of new applications in financial markets, e.g. big data, cloud computing, artificial intelligence, blockchain, cryptocurrencies, peer-to-peer lending, crowdfunding, and robo-advising, inter alia. While traditionally comprising of...
Persistent link: https://www.econbiz.de/10012900027
This paper empirically analyzes the impact of aid on education for about 100 countries over the period 1970-2005. We estimate a system of equations to test whether and to what extent the impact of sector-specific aid on educational attainment depends on (i) the extent to which aid adds to...
Persistent link: https://www.econbiz.de/10014054166
We conducted a global study of the long-term issuer ratings of nonfinancial firms from Standard and Poor's Ratings Services (S&P) for the period 1998-2003. Specifically, we focused on the solicited versus unsolicited ratings and sample-selection bias in the analysis. Unlike the literature, we...
Persistent link: https://www.econbiz.de/10008732335
autonomy is more beneficial in systems with external exit exams. Students perform better in privately operated schools, but …
Persistent link: https://www.econbiz.de/10011449993
In this paper I survey the recent economics of education literature in order to identify which education policies can effectively improve the quality of primary schooling, as measured by pupil test-based achievements. Particular attention is devoted to the experience of England, a country which...
Persistent link: https://www.econbiz.de/10003936151
higher permanent migration probability, i.e., a higher probability that international students continue to stay in their host … raises the human capital of all students, including returning students. As long as the permanent migration probability is not …
Persistent link: https://www.econbiz.de/10010202826
Using panel data for non-OECD countries covering the period 1970-2012, this paper analyzes the impact of the duration of primary education on school enrollment, drop-outs and completion rates. The empirical results show that for children in elementary school one additional grade of primary...
Persistent link: https://www.econbiz.de/10010224585
This paper studies the endogenous determination of public budget allocation across hierarchical education stages. In less developed economies, the top class has dominant political power to implement its most preferred policy, which is characterized by exclusive participation and large schooling...
Persistent link: https://www.econbiz.de/10014062999
autonomy is more beneficial in systems with external exit exams. Students perform better in privately operated schools, but …
Persistent link: https://www.econbiz.de/10013319136
income ladder. This paper investigates educational inequality that arises from low-income students' lack of monetary … resources that higher-income students invest in college-admissions-test preparations. We show educational inequality increases … in the size of higher-income students and in the selectivity of college admissions. The intuition is that a larger size …
Persistent link: https://www.econbiz.de/10013247092