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Impact of democratic/non-democratic regimes on foreign direct investment in Pakistan: Pre and post September 11, 2001 scenarios
Nawaz, Tahir; Khan, Masood Amjad; Shah, Muhammad Akbar Ali - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 6 (2012) 1, pp. 67-82
observed that the volatility shocks are quite persistent and take a long time to die out. September 11, 2001incident and … thereafter war on terror has increased the conditional volatility of foreign direct investment and has statistically significant … volatility. One interesting finding of this study is that the impact of Non-Democratic regime before September, 11 scenario is …
Persistent link: https://www.econbiz.de/10011938300
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Discounting for Climate Change
Yohe, Gary W.; Tol, Richard S. J.; Anthoff, David - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-24, pp. 1-22
It is well-known that the discount rate is crucially important for estimating the social cost of carbon, a standard indicator for the seriousness of climate change and desirable level of climate policy. The Ramsey equation for the discount rate has three components: the pure rate of time...
Persistent link: https://www.econbiz.de/10010298642
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Siblings, not triplets: social preferences for risk, inequality and time in discounting climate change
Helgeson, Jennifer; Dietz, Simon; Atkinson, Giles D.; … - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-26, pp. 1-28
Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the (constant) elasticity of marginal utility along with the (much discussed) utility discount rate. In...
Persistent link: https://www.econbiz.de/10010298644
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Geldanlage: Frauen sind vorsichtiger als Männer - weil sie weniger Vermögen haben
Badunenko, Oleg; Barasinska, Nataliya; Schäfer, Dorothea - In: DIW Wochenbericht 76 (2009) 48, pp. 832-836
Unter Experten für Geldanlagen und Finanzprodukte geht man davon aus, dass Frauen risikoscheu sind und in sichere Anlageprodukte investieren. Eine aktuelle Studie des DIW Berlin stellt dies in Frage. Sie zeigt, dass die Wahrscheinlichkeit, Geld riskant anzulegen, für Frauen und Männer gleich...
Persistent link: https://www.econbiz.de/10011602096
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Estimating risk attitudes in conventional and artefactual lab experiments: The importance of the underlying assumptions
Drichoutis, Andreas C.; Koundouri, Phoebe - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-38, pp. 1-15
In this paper we assess the importance of sample type in the estimation of risk preferences. We elicit and compare risk … adopt the framework of expected utility theory, our estimation results lead to erroneous inferences. In this case, students …
Persistent link: https://www.econbiz.de/10010310643
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Connecting VIX and stock index ETF with VAR and diagonal BEKK
Chang, Chia-Lin; Hsieh, Tai-Lin; McAleer, Michael - In: Journal of Risk and Financial Management 11 (2018) 4, pp. 1-25
relationship between the S&P500 Composite Index and the Volatility Index (VIX), but few empirical studies have focused on the … affect ETF returns. The ARCH-LM test shows conditional heteroskedasticity in the estimation of ETF returns, so that the …
Persistent link: https://www.econbiz.de/10012611071
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Investment style of Jordanian mutual funds
Hacini, Ishaq; Dahou, Khadra; Benbouziane, Mohamed - In: International Journal of Economic Sciences and Applied … 5 (2012) 2, pp. 113-127
The study investigates the mutual funds investment style in the Jordanian context. It uses monthly returns of five mutual funds from July 2000 to December 2009. To do so, it employs the 4-factors model with explanatory variables the market portfolio return, a small minus large capitalization...
Persistent link: https://www.econbiz.de/10010289385
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Vorsichtssparen und Einkommensunsicherheit privater Haushalte in Deutschland: eine ökonometrische Untersuchung auf Basis von SOEP-Daten
Bartzsch, Nikolaus - In: Vierteljahrshefte zur Wirtschaftsforschung 75 (2006) 4, pp. 109-120
auch die Risikoaversion berücksichtigt. Bei der Verwendung des Nettogeldvermögens ist das Vorsichtssparen statistisch …
Persistent link: https://www.econbiz.de/10010377776
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Risk aversion in share auctions: Estimating import rrents from TRQs in Switzerland
Häfner, Samuel - In: Quantitative Economics 14 (2023) 2, pp. 419-470
This paper analyzes risk aversion in discriminatory share auctions. I generalize the k-step share auction model of Kastl (2011, 2012) and establish that marginal profits are set-identified for any given coefficient of constant absolute risk aversion. I also derive necessary conditions for...
Persistent link: https://www.econbiz.de/10014536911
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Restatement of the I-O coefficient stability problem
Dobrescu, Emilian - In: Journal of Economic Structures 2 (2013), pp. 1-67
The capacity of input-output tables to reflect the structural peculiarities of an economy and to forecast, on this basis, its evolution, depends essentially on the characteristics of the matrix A matrix of I-O (or technical) coefficients. However, the temporal behaviour of these coefficients is...
Persistent link: https://www.econbiz.de/10011551997