Showing 275,091 - 275,100 of 277,852
This paper examines the relative information shares of the Bund, i.e. the ten-year Euro bond future contract on German sovereign debt, versus two futures with shorter maturity. We find that the Bund is most important but does not dominate price discovery. The other contracts also have relevant -...
Persistent link: https://www.econbiz.de/10010270398
models of such type. Following the modeling cycle for nonlinear time series models of specification, estimation and …
Persistent link: https://www.econbiz.de/10010270400
The global hunger indices of 2008 and 2009 (Grebmer et al. 2008, 2009) point to persistently high levels of hunger and food insecurity and a worsening of the situation due to rising crop prices. At the same time, there is a lack of empirical knowledge on the demand- and supply-side determinants...
Persistent link: https://www.econbiz.de/10010270401
The development of the unemployment rate differs substantially between OECD countries. In recent years some countries experienced a mild increase, other countries had a stable unemployment rate, while there are also 'successful' countries in which the unemployment rate decreased a lot. A common...
Persistent link: https://www.econbiz.de/10010270412
This paper studies the wage effects of the use of alcohol and tobacco. The analysis based on a recent survey in the Netherlands shows that for males the use of tobacco has a negative wage effect of about 10% while the use of alcohol has a positive wage effect of about the same size. The wages of...
Persistent link: https://www.econbiz.de/10010270413
Inward FDI to the middle-income countries has the evidence as a major stimulus to the economic growth; conventionally …
Persistent link: https://www.econbiz.de/10010270430
Information exchange in policy networks is usually attributed to preference similarity, influence reputation, social trust and institutional actor roles. We suggest that political opportunity structures and transaction costs play another crucial role and estimate a rich statistical network model...
Persistent link: https://www.econbiz.de/10010270433
Different investor classes are endowed with different rights, and conflicting interests among them can make protections afforded to one party detrimental to another. Indeed, we find that investor protection laws have sizeable 'cross' effects on foreign portfolio investment and the direction of...
Persistent link: https://www.econbiz.de/10010270453
In 2004, a section was added to the German Protection against Dismissal Act, establishing a new procedure to dismiss an employee, given a predetermined severance payment. Most legal scholars presume the change to be without impact, while a minority of experts claims it to be either beneficial or...
Persistent link: https://www.econbiz.de/10010270459
the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross …-country empirical evidence for the effect of resources in income per capita. Natural resource dependence (resource exports) has a … significant negative effect on income per capita, especially in countries with bad rule of law or bad policies, but these results …
Persistent link: https://www.econbiz.de/10010270466