In this paper the Social Institutions and Gender Index (SIGI) is constructed with Principal Component Analysis (PCA) and Partial Least Squares (PLS). Using the SIGI, we test the effects of social institutions related to gender inequality on several development outcomes, such as female education,...

Ever since Goldin (1995) proposed the idea that there is a U-shaped female labor force participation rate function in economic development, empirical research is stunned by the question why the countries of the Middle East and North Africa (MENA) are characterized by such low rates of female...

Ever since Goldin (1995) proposed the idea that there is a U-shaped female labor force participation rate function in economic development, empirical research is stunned by the question why the countries of the Middle East and North Africa (MENA) are characterized by such low rates of female...

Our article attempts to be yet another empirical contribution to the evolving international debate about global Islamist terrorism. We rely on the analysis of PEW and World Values Survey data from Muslim publics in different countries around the globe to analyze by multivariate promax factor...

Since 2009, the OECD Development Centre has been publishing the Social Institutions and Gender Index (SIGI), a cross-country measure of gender-based discrimination in social institutions (formal and informal laws, social norms and practices). This working paper presents the conceptual and...

The pronounced and persistent impact of the global financial crisis of 2008 motivates our empirical analysis of the role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that the associations of growth level, growth volatility,...

Social scientists are producing an ever growing stream of research findings, which is ever more difficult to oversee. As a result, capitalization on earlier investment declines and accumulation of knowledge stagnates. This situation calls for more research synthesis and interest in synthetic...

We examine what are common factors that determine systematic credit risk and estimate and interpret the common risk factors. We also compare the contributions of common factors in explaining the changes of credit default swap (CDS) spreads during the pre-crisis, crisis and post-crisis period....

Social scientists are producing an ever growing stream of research findings, which is ever more difficult to oversee. As a result, capitalization on earlier investment declines and accumulation of knowledge stagnates. This situation calls for more research synthesis and interest in synthetic...

This paper presents a variance decomposition method - factor analysis with Procrustes rotation - that is capable of separating the global, regional and idiosyncratic components of various financial market indicators. The method is applied to indicators of five key financial markets: sovereign...