Similar Search Results

de Blas, Beatriz; Russ, Katheryn - Economics Department, University of California-Davis - 2010

It is a well known quandry that when countries open their financial sectors, foreign-owned banks appear to bring superior efficiency to their host markets but also charge higher markups on borrowed funds than their domestically owned rivals, with unknown impacts on interest rates and welfare....

Persistent link: https://www.econbiz.de/10008485541

Financial Choice in a Non-Ricardian Model of Trade

Russ, Katheryn; Valderrama, Diego - Economics Department, University of California-Davis - 2010

We join the new trade theory with a model of choice between bank and bond financing to show the differential effects of financial policy on the distribution of firm size, welfare, aggregate output, gains from trade, and the real exchange rate in a small open economy. Increasing bank efficiency...

Persistent link: https://www.econbiz.de/10008485542

How Important is Human Capital? A Quantitative Theory Assessment of World Income Inequality

Erosa, Andres; Koreshkova, Tatyana; Restuccia, Diego - Department of Economics, Concordia University - 2009

We develop a quantitative theory of human capital investments in order to evaluate the magnitude of cross-country differences in total factor productivity (TFP) that explains the variation in per-capita incomes across countries. We build a heterogeneous-agent economy with cross-sectional...

Persistent link: https://www.econbiz.de/10008486382

The Timing of Price Changes and the Role of Heterogeneity

Kaufmann, Daniel - Schweizerische Nationalbank (SNB) - 2009

often find decreasing hazards, possibly due to misspecified or neglected heterogeneity. This paper attempts to disentangle … the downward bias into various sources: observed and unobserved heterogeneity which can be either constant or time … for price changes, we have to (i) control for time-varying heterogeneity in addition to cross-sectional factors and (ii …

Persistent link: https://www.econbiz.de/10008487539

Heterogeneous Class Size Effects: New Evidence from a Panel of University Students

Bandiera, Oriana; Larcinese, Valentino; Rasul, Imran - Institute for the Study of Labor (IZA) - 2009

-linear class size effects controlling for unobserved heterogeneity of both individual students and faculty. We find that (i) at the …

Persistent link: https://www.econbiz.de/10008555364

Sorting, Selection, and Transformation of Return to College Education in China

Fleisher, Belton M; Li, Haizheng; Li, Shi; Wang, Xiaojun - Department of Economics, University of Hawaii-Manoa - 2005

We estimate selection and sorting effects on the evolution of the private return to schooling for college graduates during China’s reform between 1988 and 2002. We find evidence of substantial sorting gains under the traditional system, but gains have diminished and even become negative in the...

Persistent link: https://www.econbiz.de/10005572297

Body size, activity, employment and wages in Europe: A first approach

Villar, Jaume Garcia; Quintana, Climent - Department of Economics and Business, Universitat … - 2005

be different for men and women. Moreover, heterogeneity is also found across countries. Such heterogeneity can be …

Persistent link: https://www.econbiz.de/10005572599

Optimal Defensive Strategies under Varying Consumer Distributional Patterns and Market Maturity

Schuster, Ulrike; J?rgen W?ckl - In: Journal of Economics and Management 1 (2005) 2, pp. 187-206

maximal profits¡Xthe effects of (1) varying heterogeneity of the considered consumer aspiration points and (2) the maturity of … heterogeneity. Then a threshold is reached beyond which further disaggregating the market leads to boundary solutions. The entrant …

Persistent link: https://www.econbiz.de/10008555970

How Diverse is Entrepreneurship? Observations on the social heterogeneity of self-employment in Germany

Bögenhold, Dieter; Fachinger, Uwe - Volkswirtschaftliche Fakultät, … - 2010

-type figure. The proposed paper wants to highlight the other side of economic and social reality: the heterogeneity of self …

Persistent link: https://www.econbiz.de/10008557278

The Impact of Technical Analysis on Asset Price Dynamics

Yang, J.-H. Steffi; Satchell, S.E. - Faculty of Economics, University of Cambridge - 2002

expectation heterogeneity and the use of technical analysis, offers insights into the endogenous uncertainly in asset pricing …

Persistent link: https://www.econbiz.de/10005113741