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Equity market liberalization, credit constraints and income inequality
Sun, Puyang; Sen, Somnath; Jin, Shujing - Institut für Weltwirtschaft (IfW) - 2012
This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...
Persistent link: https://www.econbiz.de/10010956105
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The fading productivity of schooling in East Asia
Gundlach, Erich; Wößmann, Ludger - Institut für Weltwirtschaft (IfW) - 2001
We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on … changes in the relative price of schooling. A rising price of schooling relative to other labor-intensive service sectors … should indicate declining relative schooling productivity. We find that the price of schooling increased by more than the …
Persistent link: https://www.econbiz.de/10010982733
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Export behaviour of SMEs in the Swedish computer service industry
Falk, Martin; Hagsten, Eva - Institut für Weltwirtschaft (IfW) - 2015
Export participation of SMEs in Swedish computer services has increased rapidly over the last decade. Despite the increase, export participation rates of SMEs including micro enterprises remain rather low at 13 percent in 2010. Based on uniquely linked firm-level datasets with full coverage of...
Persistent link: https://www.econbiz.de/10011203166
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Does Aid for Education Attract Foreign Investors? An Empirical Analysis for Latin America
Donaubauer, Julian; Herzer, Dierk; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2012
education is an effective means to increase FDI flows to host countries in Latin America where schooling and education appears …
Persistent link: https://www.econbiz.de/10010886964
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The Returns to Occupational Foreign Language Use: Evidence from Germany
Stoehr, Tobias - Institut für Weltwirtschaft (IfW) - 2013
This paper analyses the wage premia associated with workers' occupational use of foreign languages in Germany. After eliminating time-invariant unobserved heterogeneity and other confounding factors, sizable returns of about 10 percent to applying fluent English skills are found. Returns to...
Persistent link: https://www.econbiz.de/10010887011
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Creativity, Education or What? On the Measurement of Regional Human Capital
Bode, Eckhardt; Villar, Lucia Perez - Institut für Weltwirtschaft (IfW) - 2014
This paper substantiates the debate following Richard Florida’s suggestion to measure regional human capital by creative occupations rather than education. Consistent with Florida’s notion of creativity, it suggests a microfoundation that relates creativity to workers’ cognitive and...
Persistent link: https://www.econbiz.de/10010905571
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Shocks, income diversification and welfare in developing and transition countries
Omar Mahmoud, Toman - Institut für Weltwirtschaft (IfW) - 2010
This dissertation takes a welfare perspective to analyze how rural households in developing countries manage risks ex-ante and cope with shocks ex-post. The first part looks at risk-coping strategies and analyzes the socio-economic consequences of AIDS-related mortality in rural sub-Saharan...
Persistent link: https://www.econbiz.de/10010982774
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Consistent estimation of pseudo panels in the presence of selection bias
Rodriguez, Mora; James, Jhon; Muro, Juan - Institut für Weltwirtschaft (IfW) - 2012
In the presence of selection bias, traditional estimators of pseudo panel data are inconsistent. In this paper, the authors derive the conditions under which consistence is achieved in pseudo-panel estimation and propose a simple test of selection bias. Specifically, they propose a Wald test for...
Persistent link: https://www.econbiz.de/10010956040
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Avoiding the Trap: The Dynamic Interaction of North-South Capital Mobility and Technology Diffusion
Hübler, Michael - Institut für Weltwirtschaft (IfW) - 2009
This paper analyzes a stylized model of international capital mobility and diffusion of embodied technologies from North to South. The South can fall behind in terms of technologies or get trapped in a situation, in which it is unable to attract foreign capital and embodied technologies, if its...
Persistent link: https://www.econbiz.de/10005076090
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A Note on Human Capital and the Feldstein-Horioka Puzzle
Katsimi, Margarita; Moutos, Thomas - Institut für Weltwirtschaft (IfW) - 2007
In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.
Persistent link: https://www.econbiz.de/10005083333