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Sovereign bond spreads determinants in Latin American countries: Before and during the XXI financial crisis

Martinez, Lisana B.; Terceño, Antonio; Teruel, Mercedes - In: Emerging Markets Review 17 (2013) C, pp. 60-75

This paper aims to identify the main determinants of sovereign bond spreads in seven Latin American countries and verify the existence of contagion effect over these markets during the last financial crisis. We apply a panel data framework and find that the inflation, terms of trade ratio and...

Persistent link: https://www.econbiz.de/10011056987

Factor models in high-dimensional time series—A time-domain approach

Hallin, Marc; Lippi, Marco - In: Stochastic Processes and their Applications 123 (2013) 7, pp. 2678-2695

based on dimension reduction techniques and, more particularly, on high-dimensional factor models. Those models have been … provide an original time-domain presentation of the methodological foundations of those models (dynamic factor models usually … factor models favored by practitioners, the so-called general dynamic factor model essentially does not impose any …

Persistent link: https://www.econbiz.de/10011065016

Policing the chain gang: Panel cointegration analysis of the stability of the Suffolk System, 1825–1858

Young, Andrew T.; Dove, John A. - In: Journal of Macroeconomics 37 (2013) C, pp. 182-196

Conventional monetary theory suggests that a closed system banking regime may lead to in-concert overexpansions of circulation by its banks. However, Selgin (2001, 2010) argues that this is unlikely as long as there are enough banks to ensure (i) routine interbank settlement and (ii) no...

Persistent link: https://www.econbiz.de/10011065335

Nonlinear dynamics in discretionary accruals: An analysis of bank loan-loss provisions

Balboa, Marina; López-Espinosa, Germán; Rubia, Antonio - In: Journal of Banking & Finance 37 (2013) 12, pp. 5186-5207

Several studies have analyzed discretionary accruals to address earnings-smoothing behaviors in the banking industry. We argue that the characteristic link between accruals and earnings may be nonlinear, since both the incentives to manipulate income and the practical way to do so depend...

Persistent link: https://www.econbiz.de/10011065578

Spatial inequality and development — Is there an inverted-U relationship?

Lessmann, Christian - In: Journal of Development Economics 106 (2014) C, pp. 35-51

This paper studies the hypothesis of an inverted-U-shaped relationship between spatial inequality and economic development. The theory of Kuznets (1955) and Williamson (1965) suggests that (spatial) inequality first increases in the process of development, and then decreases. To test this...

Persistent link: https://www.econbiz.de/10011065897

Stunting and selection effects of famine: A case study of the Great Chinese Famine

Gørgens, Tue; Meng, Xin; Vaithianathan, Rhema - In: Journal of Development Economics 97 (2012) 1, pp. 99-111

Many developing countries experience famine. If survival is related to height, the increasingly common practice of using height as a measure of well-being may be misleading. We devise a novel method for disentangling the stunting from the selection effects of famine. Using data from the...

Persistent link: https://www.econbiz.de/10011065901

Mass education or a minority well educated elite in the process of growth: The case of India

Castelló-Climent, Amparo; Mukhopadhyay, Abhiroop - In: Journal of Development Economics 105 (2013) C, pp. 303-320

This paper analyzes whether mass education is more growth enhancing in developing countries than having a minority well educated elite. Using Indian Census data as a benchmark and enrollment rates at different levels of education, we compute annual attainment levels for a panel of 16 Indian...

Persistent link: https://www.econbiz.de/10011065915

Long-term impact of investments in early schooling — Empirical evidence from rural Ethiopia

Mani, Subha; Hoddinott, John; Strauss, John - In: Journal of Development Economics 99 (2012) 2, pp. 292-299

We examine the cumulative impact of early schooling investments on later schooling outcomes using enrollment status and relative grade attainment as short-run and long-run measures of schooling. Using a child-level longitudinal data set from rural Ethiopia, we estimate a dynamic conditional...

Persistent link: https://www.econbiz.de/10011065919

Firm profitability: Mean-reverting or random-walk behavior?

Canarella, Giorgio; Miller, Stephen M.; Nourayi, Mahmoud M. - In: Journal of Economics and Business 66 (2013) C, pp. 76-97

We analyze the stochastic properties of three measures of profitability, return on assets (ROA), return on equity (ROE), and return on investment (ROI), using a balanced panel of US firms during the period 2001–2010. We employ a panel unit-root approach, which assists in identifying...

Persistent link: https://www.econbiz.de/10011065966

Exports, FDI, and Productivity: Dynamic Evidence from Japanese Firms

Kimura, Fukunari; Kiyota, Kozo - In: Review of World Economics (Weltwirtschaftliches Archiv) 142 (2006) 4, pp. 695-719

Persistent link: https://www.econbiz.de/10005390778