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Is economic recovery a myth? Robust estimation of impulse responses

Teulings, Coen N.; Zubanov, Nick - 2010

There is a lively debate on the persistence of the current banking crisis' impact on GDP. Impulse Response Functions (IRF) estimated by Cerra and Saxena (2008) suggest that the effects of earlier crises were long-lasting. We show that standard estimates of IRFs are highly sensitive to...

Persistent link: https://www.econbiz.de/10010276868

Economics : an emerging small world?

Moraga-González, José Luis; van der Leij, Marco J.; … - 2004

This paper examines the small world hypothesis. The first part of the paper presents empirical evidence on the … evolution of a particular world: the world of journal publishing economists during the period 1970-2000. We find that in the … 1970's the world of economics was a collection of islands, with the largest island having about 15% of the population. Two …

Persistent link: https://www.econbiz.de/10010276885

Reputation, price, and death: an empirical analysis of art price formation

Ursprung, Heinrich W.; Wiermann, Christian - 2008

We analyze how an artist's death influences the market prices of her works of art. Death has two opposing effects on art prices. By irrevocably restricting the artist's oeuvre, prices, ceteris paribus, increase when the artist dies. On the other hand, an untimely death may well frustrate the...

Persistent link: https://www.econbiz.de/10010276896

Monetary policy committee size and inflation volatility

Erhart, Szilárd; Lehment, Harmen; Vasquez-Paz, Jose Luis - 2007

Previous research on the optimal size of a monetary policy committee (MPC) focused on theoretical analyses and experimental studies. These studies suggest that the ideal monetary policy committee may not have many more than five members. In this paper we conduct an empirical cross-country study...

Persistent link: https://www.econbiz.de/10010276919

Explaining female and male entrepreneurship across 29 countries

Verheul, Ingrid; van Stel, André J.; Thurik, A. Roy - 2004

The present study aims at explaining female and male entrepreneurship from a country perspective. Explanatory variables are derived from three streams of literature, including the literature on the determinants of entrepreneurship in general, on female labor force participation, and on female...

Persistent link: https://www.econbiz.de/10010276932

The effect of entrepreneurship on national economic growth: an analysis using the GEM database

van Stel, André J.; Carree, Martin A.; Thurik, A. Roy - 2004

The increased importance of knowledge as a source of competitiveness for modern economies suggests that the organization of industries most conducive to innovative activity and unrestrained competition will be linked to higher growth rates. Entrepreneurial activity is generally assumed to be an...

Persistent link: https://www.econbiz.de/10010276936

The effect of entrepreneurial activity on national economic growth

van Stel, André J.; Carree, Martin A.; Thurik, Roy - 2005

Entrepreneurial activity is generally assumed to be an important aspect of the organization of industries most conducive to innovative activity and unrestrained competition. This paper investigates whether total entrepreneurial activity influences GDP growth for a sample of 36 countries. We test...

Persistent link: https://www.econbiz.de/10010276938

COMPENDIA: Harmonizing business ownership data across countries and over time

van Stel, André J. - 2005

This paper presents a harmonized data set over the period 1972-2002, containing two-yearly data on the number of non-agricultural business owners and the size of the labour force for 23 OECD countries, as well as the quotient of these two variables which is called the business ownership rate of...

Persistent link: https://www.econbiz.de/10010276939

Nascent entrepreneurship and the level of economic development

Wennekers, Sander; van Stel, André J.; Thurik, A. Roy; … - 2005

Based upon two strands of literature, this paper hypothesizes a U-shaped relationship between a country's rate of entrepreneurial dynamics and its level of economic development. This would imply a different scope for entrepreneurship policy across subsequent stages of development. Regressing...

Persistent link: https://www.econbiz.de/10010276940

The benefits of being economics professor A (and not Z)

van Praag, C. Mirjam; van Praag, Bernard M. S. - 2007

Alphabetic name ordering on multi-authored academic papers, which is the conven-tion in the economics discipline and various other disciplines, is to the advantage of people whose last name initials are placed early in the alphabet. As it turns out, Pro-fessor A, who has been a first author more...

Persistent link: https://www.econbiz.de/10010276970