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Empirical macroeconomics is plagued by small sample size and large idiosyncratic variation. This problem is especially severe in the case of the transition economies. We utilize a mixed-estimation method incorporating prior information from OECD country data to estimate the parameters of a...
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Household references are endogenous and markets themselves influence their formation. The introduction of electronic markets for goods and services and labor effect tastes, preferences, values, and interpersonal relationships in new and sometimes unpredictable ways. Further digital markets...
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The role of foreign capital inflow, foreign direct investment (FDI) and foreign portfolio investment (FPI), on export behavior of both recipients and non-recipient competing firms in the same sector often guides economic development policy. By using panel data of Indian IT firms over...
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We examine similarities in the run-up to banking crises using two criteria for their predictability: i) the percentage of a specified number of years prior to a crisis correctly called; and ii) the percentage of true alarms of total alarms for a crisis. Using panel logit models we find that a...
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