This article estimates whether knowledge links with universities impact on establishment-level Total Factor Productivity (TFP). Using propensity score matching, the results show a positive and statistically significant impact although there are differences across production and nonproduction...

To test theories of migration and economic development, this article examines whether international football teams benefit from having players playing abroad in stronger leagues and from employing managers from countries with stronger leagues. The results provide evidence in support of the...

The Johansen approach to estimating long-run cointegration vectors is used with the Penn World Tables data to estimate returns to scale. Thus, this approach has the advantages of including a measure of capital, it overcomes the simultaneity problems associated with the single-equation Verdoorn...

There is now substantial evidence that daily equity returns are not normally distributed, but instead display significant leptokurtosis and, in many cases, skewness. Considerable effort has been made in order to capture these empirical characteristics using a range of statistical distributions....