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Purpose: This paper aims to investigate how the relation between stock returns of US firms and West Texas Intermediate (WTI) oil prices is affected by leverage from 1990 to 2020. Design/methodology/approach: This paper examines how the relationship between stock returns of US firms and WTI oil...
Persistent link: https://www.econbiz.de/10012811622
In December 1993, restrictions to foreign ownership across major Mexican economic sectors were abolished. This paper studies output, industrialization intensity, ``international infrastructure", and government expenditures on infrastructure as determinants of FDI inflows into Mexican states over...
Persistent link: https://www.econbiz.de/10014593111
How do relative wages (between skilled and unskilled workers) respond to technical progress and to relative supply shifts? An empirical model of the wage premium for Mexican manufacturing is employed on two monthly data samples: one, from 1987 to 1995, displays the well-documented rising trend...
Persistent link: https://www.econbiz.de/10005505199
The authors use a panel data fixed effect model to identify the determinants of foreign direct investment (FDI) for a large sample of 29 sub-Saharan African countries from 1980 to 2003. They test whether human capital development, defined by either literacy rates or economic freedom, and the...
Persistent link: https://www.econbiz.de/10005496062
Several empirical studies report the existence of declining terms of trade between commodities and manufactures, supporting the Prebisch-Singer hypothesis. As globalisation leads to greater integration of markets, we ask if in a fully integrated economy the terms of trade will display the same...
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Examining quarterly real exchange rates (RER) from 1976 to 2006 in panels of Asian and Latin American countries, shows that crisis-battered Asian currencies incur a higher speed of adjustment towards purchasing power parity (PPP). The degree of mean reversion of the three most volatile Asian...
Persistent link: https://www.econbiz.de/10008494328