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There have been debates on the effects of Olympics on economy. Previous studies estimated the direct benefits and costs of Olympic Games, and concluded that the net effects were positive or negative depending on specific assumptions used for evaluations. Recent studies turn attentions to...
Persistent link: https://www.econbiz.de/10009350200
An IV approach, using as instruments non-linear transformations of the lagged levels, is explored to test for unit roots in panels with general dependency and heterogeneity across cross-sectional units. We allow not only for the cross-sectional dependencies of innovations, but also for the...
Persistent link: https://www.econbiz.de/10010637946
Persistent link: https://www.econbiz.de/10008264368
Persistent link: https://www.econbiz.de/10009968683
As the linkage between domestic and foreign financial markets grows stronger, concerns have been raised about the inflow and outflow of foreign investment capital as a source of financial instability whenever the financial market becomes unstable. Considering that opening the capital market is...
Persistent link: https://www.econbiz.de/10013218690
Korean Abstract: 국내외 금융시장 간의 연계성이 심화되면서 금융시장이 불안정해질 때마다 외국인 투자자본의 유출입이 금융 불안 요인으로 작용하는 것에 대한 우려가 제기되고 있다. 자본유출입의 규모가 증가하고 변동성이...
Persistent link: https://www.econbiz.de/10013214220
Korean Abstract: 본 논문은 지상파방송사와 유료방송사업자 간에 지상파 채널의 재송신에 대한 합리적이고 적절한 대가를 산정하는 방안 및 산정결과를 다루고 있다. 본 논문에서는 지상파 채널의 재송신으로 양자에게...
Persistent link: https://www.econbiz.de/10012959340
This study develops an Early Warning Framework for the real estate sector of Bulgaria. We introduce the Early Warning System used in the real estate market of Korea and apply the methods to Bulgaria to develop an EWS for its real estate market. This report is structured as follows. Section 1...
Persistent link: https://www.econbiz.de/10013292738
This study conducts an empirical analysis of how the various financial assets in South Korea (stock, bond, exchange rates, Bitcoin, Koribor, gold, and oil) react during the COVID-19 pandemic period using the Bayesian network approach. We consider various asset types together, especially...
Persistent link: https://www.econbiz.de/10014258064
We extend Portes et al. (2001) by introducing the Internet as a variable, and we test the model empirically by using cross-country panel data on portfolio flows between the United States and other countries from 1990 to 2008. Asymmetric information accounts for the strong negative relationship...
Persistent link: https://www.econbiz.de/10010782003