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Previous studies indicate that Colombian farmers make production decisions based on informal sources of information, such as family and neighbors or tradition. In this paper we randomize recipients of price and climate information using text messages (SMS technology). Under this experimental...
Persistent link: https://www.econbiz.de/10008836562
year's subject of "Contagion and Spillovers – New Insights from the Crisis" turned out to be particularly topical, as first …
Persistent link: https://www.econbiz.de/10008838228
This paper investigates the international spillovers of government debt and the associated risk of inflation within a …
Persistent link: https://www.econbiz.de/10008838553
This study measures the impact of changing economic conditions in OECD countries on tourist arrivals to countries/destinations in Latin America and the Caribbean. A model of utility maximization across labor, consumption of goods and services at home, and consumption of tourism services across...
Persistent link: https://www.econbiz.de/10008839340
The paper analyses the empirical relationship between bank risk and sovereign credit risk in the euro area. Using structural VAR with daily financial markets data for 2003-13, the analysis confirms two-way causality between shocks to sovereign risk and bank risk, with the former being overall...
Persistent link: https://www.econbiz.de/10011145437
2008-9. Finally, spillovers from the US to China are significant and originate from both through the real and financial …
Persistent link: https://www.econbiz.de/10011145558
spillovers and imperfections in the demand for energy efficiency. We conclude that some technology policies, particularly …
Persistent link: https://www.econbiz.de/10011148662
This paper uses a regime switching approach to determine whether prices in the stock, direct real estate and indirect real estate markets are driven by the presence of speculative bubbles. The results show significant evidence of the existence of periodically partially collapsing speculative...
Persistent link: https://www.econbiz.de/10011149469
the clubs. Furthermore, growth spillovers are analysed and it is observed that there are almost no significant positive …
Persistent link: https://www.econbiz.de/10011170315
Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an … explicit model of spillovers through labor flows in a framework with search frictions. Firms can choose to innovate or to …-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage …
Persistent link: https://www.econbiz.de/10011171780