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A panel cointegration study of the Euro effect on trade
Gengenbach, Christian - 2010
Bun and Klaassen (2007) investigate the impact of the introduction of Euro on bilateral trade. Accounting for deterministic trends in the residuals of the gravity equation they estimate an Euro effect of about 3%, smaller than previous estimates in the range of 5% to 40%. In this paper we...
Persistent link: https://www.econbiz.de/10010270238
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Cross-country heterogeneity and the trade-income relationship
Herzer, Dierk - 2009
This paper makes two contributions to the literature on the impact of trade on income. First, we use heterogeneous panel cointegration techniques that are robust to omitted variables and endogenous regression to estimate the effect of trade on income for 81 developed and developing countries,...
Persistent link: https://www.econbiz.de/10010301490
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The Long-Run Relationship between Outward FDI and Total Factor Productivity: Evidence for Developing Countries
Herzer, Dierk - 2011
This paper examines the long-run relationship between outward foreign direct investment (FDI) and total factor productivity for a sample of 33 developing countries over the period 1980-2005. Using panel cointegration techniques, we find that: (i) outward FDI has, on average, a positive long-run...
Persistent link: https://www.econbiz.de/10010305599
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Sup-ADF-style bubble detection methods under test
Monschang, Verena; Wilfling, Bernd - 2019
In this paper we analyze the performance of supremum augmented Dickey-Fuller (SADF), generalized SADF (GSADF), and backward SADF (BSADF) tests, as introduced by Phillips et al. (International Economic Review 56:1043-1078, 2015) for detecting and date-stamping financial bubbles. In Monte Carlo...
Persistent link: https://www.econbiz.de/10012099130
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The nexus between creative workforce and economic development: looking for the causal relation
Russo, Antonio Paolo; Domínguez, Alan Quaglieri; … - 2012
Building on work funded by the ESPON 2013 Program, the paper analyses the regional trajectories of development of a "creative workforce" among its active population against regional economic growth, measured by changes in per capita GDP over the period 2001-2008 in 317 NUTS2 regions of the ESPON...
Persistent link: https://www.econbiz.de/10011340753
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Are Economists Rational? On the Rationality of the 'Rational Choice' Paradigm
Binswanger, Johannes - 2010
Today, an overwhelming part of academic analysis is based on the rational choice paradigm. This is true, in particular, for theoretical analyses; but it also holds for empirical analyses as far as they are based on a structural model. It also holds in spite of the existence of the behavioral...
Persistent link: https://www.econbiz.de/10010270102
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Criminality spread: A "boomerang effect" of public transport improvements?
Bacares, Carlos Augusto Olarte - 2013
This paper aims to reveal the importance of public transport policies in the evolution of crime configuration and so, the vital responsibility of urban transports and criminality in social sprawl, entrepreneurial configuration and social structure on a city. Public transport policies have an...
Persistent link: https://www.econbiz.de/10011397519
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Do public transport improvements increase employment and income in a city?
Bacares, Carlos Augusto Olarte - 2013
dependent variable (3), the validation of endogeneity gives enough tools to infer a positive or a negative causality of … causality relationship changes depending on the size of companies established on each zone. Results of this empirical research … give some robust evidences. In the case of Bogotá, public transports improvements have a causality relationship on the …
Persistent link: https://www.econbiz.de/10011397520
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Child Costs and the Causal Effect of Fertility on Female Labor Supply: An investigation for Indonesia 1993-2008
Priebe, Jan - 2011
Over the last two decades Indonesia has experienced a significant decline in fertility rates and substantial increases in the level of education of women. Despite this development female labor force participation rates have remained roughly constant throughout this period. This paper explores...
Persistent link: https://www.econbiz.de/10010305589
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Bitcoin and Web Search Query Dynamics: Is the price driving the hype or is the hype driving the price?
Süssmuth, Bernd - 2019
search queries with regard to their mutual predictability, Granger-causality and cause-effect delay structure. The Bitcoin is … relatively high frequencies ranging from two to five months. In the other direction, causality runs from the cryptocurrency price … measure for the relevant frequency bands with significant causality ranges from slightly more than one month to about four …
Persistent link: https://www.econbiz.de/10012099128