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The Superiority of Time-Varying Hedge Ratios in Turkish Futures

Olgun, Onur; Yetkiner, I. Hakan - 2009

This paper aims to compare the effectiveness of constant hedge ratio estimates (obtained through OLS and VECM methods) and time-varying hedge ratio estimates (obtained via M-GARCH method) for future contracts of ISE-30 index of TurkDEX. We use portfolio variance reduction as the measure of...

Persistent link: https://www.econbiz.de/10011807200

The Granger-Causality between Transportation and GDP: A Panel Data Approach

Beyzatlar, Mehmet Aldonat; Karacal, Müge; Yetkiner, I. … - 2012

This study investigates the Granger-causality relationship between real per capita GDP and transportation of EU-15 countries using a panel data set covering the period 1970-2008. Our findings indicate that the dominant type of Granger-causality is bidirectional. Accordingly, we conclude that...

Persistent link: https://www.econbiz.de/10011807213

Asymmetric effects and long memory in the volatility of Dow Jones stocks

Scharth, Marcel; Medeiros, Marcelo C. - 2006

Does volatility reflect a continuous reaction to past shocks or changes in the markets induce shifts in the volatility dynamics? In this paper, we provide empirical evidence that cumulated price variations convey meaningful information about multiple regimes in the realized volatility of stocks,...

Persistent link: https://www.econbiz.de/10011807356

Electoral rules, political competition and fiscal spending: regression discontinuity evidence from Brazilian municipalities

Chamon, Marcos; de Mello, João M. P.; Firpo, Sergio - 2008

We exploit a discontinuity in Brazilian municipal election rules to investigate whether political competition has a causal impact on policy choices. In municipalities with less than 200,000 voters mayors are elected with a plurality of the vote. In municipalities with more than 200,000 voters a...

Persistent link: https://www.econbiz.de/10011807383

Organization and Information in the Fight against Crime: An Evaluation of the Integration of Police Forces in the State of Minas Gerais, Brazil

Soares, Rodrigo R.; Viveiros, Igor - 2010

This paper explores the experience of information sharing, coordination, and integration of actions of the Civil and Military Polices in the state of Minas Gerais, Brazil, in the context of the IGESP program. The IGESP is based on the introduction of information management systems and...

Persistent link: https://www.econbiz.de/10011807406

Access to justice and entrepreneurship: evidence from Brazil’s Special Civil Tribunals

Lichand, Guilherme; Soares, Rodrigo R. - 2011

case of self-employment, and do not seem to be related to other changes in infrastructure or public good provision at the …

Persistent link: https://www.econbiz.de/10011807415

Spillovers from Conditional Cash Transfer Programs:Bolsa Família and Crime in Urban Brazil

Chioda, Laura; de Mello, João Manoel Pinho; Soares, … - 2012

This paper investigates the impact of Conditional Cash Transfer (CCT) programs on crime. Making use of a unique dataset combining detailed school characteristics with time and geo-referenced crime information from the city of São Paulo, Brazil, we estimate the contemporaneous effect of the...

Persistent link: https://www.econbiz.de/10011807423

Does Capital Account Openness Lower Inflation?

Gupta, Abhijit Sen - 2007

This paper investigates the relationship between capital account openness and inflation since the 1980s. It argues that widespread capital account liberalization during the last two decades appears to have contributed to the worldwide disinflation observed during the same period. The paper...

Persistent link: https://www.econbiz.de/10011807598

Technological Capability as a Determinant of FDI Inflows: Evidence from Developing Asia & India

Palit, Amitendu; Nawani, Shounkie - 2007

This paper contributes to the empirical literature on determinants of FDI by addressing the question: Why do some developing countries from Asia continue to receive more FDI, while others from the region have fallen behind? It finds R&D-based innovative capacities, and the ability to apply such...

Persistent link: https://www.econbiz.de/10011807600

OECD Agricultural Trade Reforms Impact on India's Prices and Producers Welfare

Mittal, Surabhi - 2007

equilibrium analysis. The four parts of this approximation are: first, the estimation of the world price effect of removal of OECD … (Organisation for Economic Co-operation and Development) distortions; second, estimation of the effects of changes in world prices … on domestic prices through a price transmission model; third, estimation of the impact on domestic production through a …

Persistent link: https://www.econbiz.de/10011807602