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How effective are stock market reforms in emerging market economies? : evidence from a panel VAR model of the Indian stock market
Bhaumik, Sumon Kumar; Chakrabarty, Manisha; Kutan, Ali … - 2018
The paper uses a panel VAR framework to estimate the impact of a series of reforms aimed at reducing transactions cost and information cost in India’s secondary market for equity, on trading cost and trading volume. In particular, we focus on the reforms that were introduced after the creation...
Persistent link: https://www.econbiz.de/10012163063
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Equilibrium real interest rates, secular stagnation, and the financial cycle : empirical evidence for euro-area member countries
Belke, Ansgar; Klose, Jens - 2018
Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic …, we expand our model to incorporate the financial cycle. We estimate the model for the Euro area as a whole and for nine … Euro-area member countries. Incorporating the financial cycle changes the estimated equilibrium real interest rates: For …
Persistent link: https://www.econbiz.de/10012131206
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On recessive and expansionary impact of financial development : empirical evidence
Nguena, Christian Lambert; Kodila-Tedika, Oasis - 2020
independently to the estimation method. Thus during economic crises of recession, policymakers should hold-on regional integration …
Persistent link: https://www.econbiz.de/10012221855
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Globalization, structural change and innovation in emerging economies : the impact on employment and skills
Vivarelli, Marco - 2018
This paper aims to provide a critical overview of the drivers that the relevant theoretical and empirical literature suggests being crucial in dealing with the challenges an emerging country may encounter in its attempts to further catch-up a higher income status, with a particular focus devoted...
Persistent link: https://www.econbiz.de/10012129950
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Bond yield spillovers from major advanced economies to emerging Asia
Belke, Ansgar; Dubova, Irina; Volz, Ulrich - 2017
This paper explores the extent to which changes to long-term interest rates in major advanced economies have influenced long-term government bond yields in Emerging Asia. To gauge long-term interest spillover effects, the paper uses VAR variance decompositions with high frequency data. Our...
Persistent link: https://www.econbiz.de/10012111229
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Labor-management relations in emerging economies and developing countries
Horwitz, Frank M.; Cooke, Fang Lee - 2021
Adopting a largely institutional theoretical perspective, this chapter focuses on emerging and developing economies in Africa and Asia, including labor−management relations in South Africa and other jurisdictions in both Africa and Asia. The aim is to assess the effects of changes in the labor...
Persistent link: https://www.econbiz.de/10012655280
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Financial stress and Indigenous Australians
Breunig, Robert; Hasan, Syed; Hunter, Boyd H. - 2018
We examine the high levels of financial stress among Indigenous populations in Australia. We estimate separate models for the determinants of financial stress for Indigenous and non-Indigenous households and show the importance of separately considering Indigenous disadvantage. We use these...
Persistent link: https://www.econbiz.de/10012129962
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Heterogeneous effects of credit constraints on SMEs' employment : evidence from the Great Recession
Cornille, David; Rycx, François; Tojerow, Ilan - 2018
This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment decisions of SMEs have been affected by credit constraints in the wake of the Great Recession. Variability in banks’ financial health following the 2008 crisis is used as an...
Persistent link: https://www.econbiz.de/10012130309
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Vulnerability to poverty : Tajikistan during and after the global financial crisis
Gang, Ira N.; Gatskova, Kseniia; Landon-Lane, John S.; … - 2017
We examine vulnerability to poverty in Tajikistan during the global financial crisis, focusing on the roles played by international migration and remittances, using a formal, practical, and easily decomposable vulnerability measure. Our strategy is to estimate a Markov transition probability...
Persistent link: https://www.econbiz.de/10012098965
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Up in STEM, down in business : changing college major decisions with the Great Recession
Liu, Shimeng; Sun, Weizeng; Winters, John V. - 2017
We use the American Community Survey (ACS) to investigate the extent to which college major decisions were affected during and after the Great Recession with special attention to business and STEM fields, as well as the heterogeneity by gender, race/ethnicity and combinations of race/ethnicity...
Persistent link: https://www.econbiz.de/10012119578