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The impact of domestic and global biofuel mandates on the German agricultural sector

Sorda, Giovanni; Banse, Martin; Kemfert, Claudia - 2009

Persistent link: https://www.econbiz.de/10010271120

Selectivity, market timing and the Morningstar star-rating system

Antypas, Antonios; Caporale, Guglielmo Maria; … - 2009

This paper evaluates the Morningstar mutual fund ranking system. We find that indeed higher Morningstar ratings are associated with higher returns on the portfolios including respectively five-, four-, three-, two- and one-star funds only (STAR5 to STAR1). We then perform an unconditional and...

Persistent link: https://www.econbiz.de/10010271130

The World Gas Model: a multi-period mixed complementarity model for the global natural gas market

Egging, Ruud; Holz, Franziska; Gabriel, Steven A. - 2009

We provide the description and illustrative results of the World Gas Model, a multi-period complementarity model for … world wide natural gas production and consumption. We also include a detailed representation of cross-border natural gas …

Persistent link: https://www.econbiz.de/10010271148

Global and regional spillovers in emerging stock markets: a multivariate GARCH-in-mean analysis

Beirne, John; Caporale, Guglielmo Maria; … - 2009

This paper examines global (mature market) and regional (emerging market) spillovers in local emerging stock markets. Tri-variate VAR GARCH(1,1)-in-mean models are estimated for 41 emerging market economies (EMEs) in Asia, Europe, Latin America, and the Middle East. The models capture a range of...

Persistent link: https://www.econbiz.de/10010271150

A note on the relationship between television viewing and individual happiness

Kataria, Mitesh; Regner, Tobias - 2009

In a recently published article, Bruni and Stanca (2008) suggest that television viewing has a negative impact on life satisfaction. In this note we argue that the empirical approach they use (an approach that omits the main effect of TV viewing in life satisfaction) is problematic. We estimate...

Persistent link: https://www.econbiz.de/10010271181

Institutional influences on strategic entrepreneurial behaviours

Autio, Erkko; Ács, Zoltán J. - 2009

The purpose of this paper is to examine the existence of cross-level moderating effects between national appropriability conditions, individual level predictors and entrepreneurial growth aspirations. We test a multi-level model that connects the determinants of strategic resource allocation...

Persistent link: https://www.econbiz.de/10010271188

Democracy and reforms

Giuliano, Paola; Mishra, Prachi; Spilimbergo, Antonio - 2009

Empirical evidence on the relationship between democracy and economic reforms is scarce, limited to few reforms and countries and for few years. This paper studies the impact of democracy on the adoption of economic reforms using a new dataset on reforms in the financial, capital, public, and...

Persistent link: https://www.econbiz.de/10010271245

Re-orient? MNC penetration and contemporary shifts in the global political economy

Tausch, Arno; Heshmati, Almas - 2009

This article analyses IMF estimates of economic growth in 180 countries (IMF, 2009), and inks the results to the Re-orient approach, put forward by Frank, 1998. With global economic gravitation shifting to the Indian Ocean/Pacific region, the article also analyses the role of MNC (foreign...

Persistent link: https://www.econbiz.de/10010271250

Better means more: property rights and high-growth aspiration entrepreneurship

Estrin, Saul; Korosteleva, Julia; Mickiewicz, Tomasz - 2009

This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect...

Persistent link: https://www.econbiz.de/10010271286

Asabiyya: re-interpreting value change in globalized societies

Tausch, Arno; Heshmati, Almas - 2009

. The World Values Survey provided a data framework of global value change, whose quantitative results led Barro (2004) to … is whether modernization without spiritual values in a globalized world economy and world society possible in the long … current world crisis is far more connected with these dimensions. We conclude that not a society based on fear is needed in …

Persistent link: https://www.econbiz.de/10010271305