Showing 11 - 20 of 624
This paper introduces the structural threshold regression model that allows for an endogeneous threshold variable as well as for endogenous regressors. This model provides a parsimonious way of modeling nonlinearities and has many potential applications in economics and finance. Our framework...
Persistent link: https://www.econbiz.de/10009364171
Recent work in the growth literature has provided various explanations for transition delays and the great divergence. This paper provides empirical support for one theory of transition delays: initial land inequality. Our analysis is designed to elucidate the channels via which land inequality...
Persistent link: https://www.econbiz.de/10011080187
This paper provides empirical support for one theory of transition delays: initial land inequality. Using a new historical dataset for land inequality (Frankema, 2009) we employ duration analysis to investigate whether higher levels of land inequality lead to longer delays in the extension of...
Persistent link: https://www.econbiz.de/10010681970
Recent work in the growth literature has provided various explanations for transition delays and the great divergence. This paper provides empirical support for one theory of transition delays: initial land inequality. Our analysis is designed to elucidate the channels via which land inequality...
Persistent link: https://www.econbiz.de/10009019475
Persistent link: https://www.econbiz.de/10010142712
We study the effects of two measures of information dissemination on the determination of systemic risk. One measure is print-media consumer sentiment based while the other is volatility based. We find evidence that while the volatility measure (VIX) of future expectations has a more significant...
Persistent link: https://www.econbiz.de/10010728892
The intergenerational effect of fetal exposure to malnutrition on cognitive ability has rarely been studied for human beings in large part due to lack of data. In this paper, we exploit a natural experiment, the Great Chinese Famine of 1959-61, and employ a novel data set, the China Family Panel...
Persistent link: https://www.econbiz.de/10010769255
We investigate the effects of political institutions on economic growth. We specifically explore this relationship while controlling for heterogeneity and model uncertainty. We use threshold regression (Hansen (2000)) to search for possible nonlinearities and/or interaction effects with respect...
Persistent link: https://www.econbiz.de/10010552632
We introduce easy to implement regression-based methods for predicting quarterly real economic activity that use daily financial data and rely on forecast combinations of MIDAS regressions. Our analysis is designed to elucidate the value of daily information and provide real-time forecast...
Persistent link: https://www.econbiz.de/10008738778
This paper provides a synthesis of theoretical and empirical work on the Great Gatsby Curve, the positive empirical relationship between cross-sectional income inequality, and persistence of income across generations. We present statistical models of income dynamics that mechanically give rise...
Persistent link: https://www.econbiz.de/10014077875