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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
This paper contributes to two strands of literature on empirical models of trade flows and trade policy. The first and the older strand is that of gravity models of bilateral trade flows going back to Hans Linneman (1966) and Tinbergen (1962) and its recent applications, particularly by Adams et...
Persistent link: https://www.econbiz.de/10011807638
In this paper we attempt to provide a comprehensive understanding of the drivers of academic research and patenting in India. Academic research is conceptualised as a research production process where research inputs (like research time and number of research scholars) are transformed into...
Persistent link: https://www.econbiz.de/10011807653
This paper examines the effects of campaign spending limits on political competition and incumbency advantage. We study a reform in Brazil that imposed limits on campaign spending for mayoral elections. These limits were implemented with a discontinuous kink which we exploit for causal...
Persistent link: https://www.econbiz.de/10011807895
We further refine the Modified-Cash-Deposits-Ratio (MCDR) approach, developed by Pickhardt and Sardà (2011, 2012) with a view to analyze size and causes of the cash using section of the underground economy. Among other things, we address the issue of cash hoarding. Findings include that the...
Persistent link: https://www.econbiz.de/10010308477
Using life-history survey data from eleven European countries, we investigate whether childhood conditions, such as socioeconomic status, cognitive abilities and health problems influence portfolio choice and risk attitudes later in life. After controlling for the corresponding conditions in...
Persistent link: https://www.econbiz.de/10010308548
We investigate the decisions of listed firms to go private once again. We start by revealing that while a significant number of firms which go public is VC-backed, an overproportional share of these VC-backed firms go private later on (they stay on the exchange for an average of 8.5 years). We...
Persistent link: https://www.econbiz.de/10010308550
We revisit the role of time in measuring the price impact of trades using a new empirical method that combines spread decomposition and dynamic duration modeling. Previous studies which have addressed the issue in a vector-autoregressive framework conclude that times when markets are most active...
Persistent link: https://www.econbiz.de/10010308551
In the microstructure literature, information asymmetry is an important determinant of market liquidity. The classic setting is that uninformed dedicated liquidity suppliers charge price concessions when incoming market orders are likely to be informationally motivated. In limit order book...
Persistent link: https://www.econbiz.de/10010308565
and Codes (ROSC). Using difference-in-difference estimation, I study the effect on the sovereign credit spreads for 18 …
Persistent link: https://www.econbiz.de/10010308569