Search Results - subject:"Dummy Variables"

Sovereign Credit Ratings and Spreads in Emerging Markets; Does Investment Grade Matter?

International Monetary Fund (IMF); International … - 2011

Sovereign investment grade status is often associated with lower spreads in international markets. Using a panel framework for 35 emerging markets between 1997 and 2010, thispaper finds that investment grade status reduces spreads by 36 percent, above and beyond what is implied by macroeconomic...

Persistent link: https://www.econbiz.de/10008876589

On the Inconsistency of Instrumental Variables Estimators for the Coefficients of Certain Dummy Variables

Giles, David E. - Department of Economics, University of Victoria - 2011

linear regression model with some random regressors, and other regressors that are dummy variables. The latter have the … estimator of the coefficient vector for the dummy variables is inconsistent, while that for the other regressors is weakly … extend the earlier results of Hendry and Santos (2005), which relate to a fixed-regressor model, in which the dummy variables …

Persistent link: https://www.econbiz.de/10009004104

Ekonomická integrácia a jej vplyv na cezhraničné fúzie a akvizície v európskom priestore

Hečková, Jaroslava; Chapčáková, Alexandra; … - In: Politická ekonomie : teorie, modelování, aplikace 64 (2016) 1, pp. 19-33

Persistent link: https://www.econbiz.de/10011455162

Corporate characteristics of retail industry among 11 Asian and American countries

Nizam, Nurul Zarirah; Hoshino, Yasuo - In: Inventi impact: retailing & consumer services (2016) 3, pp. 135-158

Persistent link: https://www.econbiz.de/10011625761

The Location of Domestic and Foreign Production Affiliates by French Multinational Firms

Méjean, Isabelle; Mayer, Thierry; Nefussi, Benjamin - International Monetary Fund (IMF) - 2010

Economists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset...

Persistent link: https://www.econbiz.de/10011242345

Constraints on Trade in the MENA region

Wolde, Hirut; Bhattacharya, Rina - International Monetary Fund (IMF) - 2010

In this paper we estimate gravity models to see whether trade volumes of countries in the MENA region are significantly lower than what would be expected given their economic, cultural and geographical characteristics. Our empirical results show that the variables used in standard gravity models...

Persistent link: https://www.econbiz.de/10008519501

Firm Productivity, innovation and Financial Development

Verdier, Geneviève; Kersting, Erasmus; Dabla-Norris, Era - International Monetary Fund (IMF) - 2010

How do firm-specific actions-in particular, innovation-affect firm productivity? And what is the role of the financial sector in facilitating higher productivity? Using a rich firm-level dataset, we find that innovation is crucial for firm performance as it directly and measurably increases...

Persistent link: https://www.econbiz.de/10008519511

What Can International Cricket Teach Us About the Role of Luck in Labor Markets?

Aiyar, Shekhar; Ramcharan, Rodney - International Monetary Fund (IMF) - 2010

How important is luck in determining labor market outcomes? We address this question using a new dataset of all international test cricketers who debuted between 1950 and 1985. We present evidence that a playerâ€™s debut performance is strongly affected by an exogenous source of variation:...

Persistent link: https://www.econbiz.de/10008680274

Competition and Firm Productivity; Evidence From Firm-Level Data

Schiffbauer, Marc; Ospina, Sandra - International Monetary Fund (IMF) - 2010

This paper presents empirical evidence on the impact of competition on firm productivity. Using firm-level observations from the World Bank Enterprise Survey database, we find a positive and robust causal relationship between our proxies for competition and our measures of productivity. We also...

Persistent link: https://www.econbiz.de/10008470387

Convergence in institutions and market outcomes: cross-country and time-series evidence from the business environment and enterprise performance surveys in transition economies

Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - Economics Research, World Bank Group - 2009

This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

Persistent link: https://www.econbiz.de/10005106885