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International co-ordination of e-commerce

Mai, Stefan - 2002

Despite the world-wide stock market breakdown of the internet economy in the year 2001, the new information and … communication technologies will enable firms to integrate world-wide e-commerce in their business. This will facilitate the entry of … firms in every connected country into international markets and perhaps value up their market position. Therefore, the world …

Persistent link: https://www.econbiz.de/10010270680

Why have some monetary reforms succeeded and others not? An empirical assessment

Freytag, Andreas - 2001

Monetary history is characterised by crisis and reform. The paper is dedicated to an explanation of what makes monetary reforms successful. A cross-sectional econometric analysis is chosen to deal with this problem. It is based on a standard macroeconomic model of commitment and credibility. As...

Persistent link: https://www.econbiz.de/10010270683

Time varying hierarchical archimedean copulae

Härdle, Wolfgang Karl; Okhrin, Ostap; Okhrin, Yarema - 2010

There is increasing demand for models of time-varying and non-Gaussian dependencies for mul- tivariate time-series. Available models suffer from the curse of dimensionality or restrictive assumptions on the parameters and the distribution. A promising class of models are the hierarchical...

Persistent link: https://www.econbiz.de/10010270704

The impact of ICT investments on the relative demand for high-medium-, and low-skilled workers: Industry versus country analysis

Schneider, Dorothee - 2010

In this paper I analyze the effects of information and communication technology (ICT) on compensation shares of high-, medium-, and low-skilled workers. Com- pared to other studies, I investigate this question using a considerably richer data set with respect to the length of time series, set of...

Persistent link: https://www.econbiz.de/10010270727

Herding of institutional traders

Kremer, Stephanie - 2010

This paper sheds new light on herding of institutional investors by using a unique and superior database that identifies every transaction of financial institutions. First, the analysis reveals herding behavior of institutions. Second, the replica- tion of the analysis with low-frequent and...

Persistent link: https://www.econbiz.de/10010270735

Regulation and investment in network industries: Evidence from European telecoms

Grajek, Michał; Röller, Lars-Hendrik - 2009

We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering 70+ fixed-line operators in 20 countries over 10 years. Our econometric model accommodates: different investment incentives for...

Persistent link: https://www.econbiz.de/10010270806

Inflation and growth: New evidence from a dynamic panel threshold analysis

Kremer, Stephanie; Bick, Alexander; Nautz, Dieter - 2009

We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For industrialized countries, our results confirm the...

Persistent link: https://www.econbiz.de/10010270812

Systematic change instead of curing symptoms: Coordinating social and private health insurance in Germany and beyond

Petersen, Hans-Georg - 2004

Persistent link: https://www.econbiz.de/10010270854

Will women save more than men? A theoretical model of savings and marriage

Grossbard, Shoshana Amyra; Pereira, Alfredo Marvao - 2010

This paper presents an inter-temporal model of individual behavior with uncertainty about marriage and divorce and which accommodates the possible presence of economies or diseconomies of scale from marriage. We show that a scenario of higher marriage rates and higher divorce rates will be...

Persistent link: https://www.econbiz.de/10010270877

Cross-country evidence on teacher performance pay

Woessmann, Ludger - 2010

The general-equilibrium effects of performance-related teacher pay include long-term incentive and teacher-sorting mechanisms that usually elude experimental studies but are captured in cross-country comparisons. Combining country-level performance-pay measures with rich PISA-2003 international...

Persistent link: https://www.econbiz.de/10010270879