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Egger, Peter; Nigai, Sergey - C.E.P.R. Discussion Papers - 2015

The measurement of trade costs and their effects on outcome is at the heart of a large quantitative literature in international economics. The majority of the recent significant contributions on the matter assumes that trade consists of a product of exporter-time-specific factors,...

Persistent link: https://www.econbiz.de/10011168900

Unemployment and Right-wing Extremist Crime

Falk, Armin; Kuhn, Andreas; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2009

It is frequently argued that unemployment plays a crucial role for the occurrence of right-wing extremist crimes. We … unemployment is high. The big difference in right-wing crime between East and West German states can mostly be attributed to … differences in unemployment. This finding reinforces the importance of unemployment as an explanatory factor for right-wing crime …

Persistent link: https://www.econbiz.de/10008528521

Factor Models in Large Cross-Sections of Time Series

Reichlin, Lucrezia - C.E.P.R. Discussion Papers - 2002

This Paper reviews recent econometric work on factor models in large cross-sections of time series. In this literature, traditional factor analysis is adapted to develop parsimonious estimation methods for high dimension time series models. The review covers problems of consistency and rates –...

Persistent link: https://www.econbiz.de/10005498094

How Closely Do Top Income Shares Track Other Measures of Inequality?

Leigh, Andrew - Research School of Economics, College of Business and … - 2007

In recent years, researchers have used taxation statistics to estimate the share of total income held by the richest groups, such as the top 10% or the top 1%. Compiling a standardised top income shares dataset for thirteen developed countries, I find that there is a strong and significant...

Persistent link: https://www.econbiz.de/10004967999

Estimating The Causal Effect of Income on Health: Evidence from Post Reunification East Germany

Frijters, Paul; Haisken-DeNew, John P.; Shields, Michael - Research School of Economics, College of Business and … - 2003

In this paper we investigate if there was a causal effect of changes in current and 'permanent' income on the health of East Germans in the years following reunification. Reunification was completely unanticipated and therefore can be seen as a providing some exogenous variation, which resulted...

Persistent link: https://www.econbiz.de/10004971382

The Poor Stay Poor: Non-Convergence Across Countries and Regions

Canova, Fabio; Marcet, Albert - C.E.P.R. Discussion Papers - 1995

We study the issue of income convergence across countries and regions with a Bayesian model which allows us to use information in an efficient and flexible way. We argue that the very slow convergence rates to a common level of per-capita income found, for example, by Barro and Sala-i-Martin, is...

Persistent link: https://www.econbiz.de/10005067447

Does Labour Market Risk Increase the Size of the Public Sector? Evidence from Swedish Municipalities

Vlachos, Jonas - C.E.P.R. Discussion Papers - 2005

It has been argued that the public sector is an insurance against otherwise uninsurable risks. If that is the case, it is reasonable to expect the public sector to be larger in regions where the private labour-market is risky. Using data from Swedish municipalities, this paper reports that...

Persistent link: https://www.econbiz.de/10005661977

What Kind of Regional Convergence?

de la Fuente, Angel - C.E.P.R. Discussion Papers - 1998

Recent estimates of convergence equations using panel data techniques tend to produce theoretically unpalatable results which run counter to the views prevailing in the literature. This paper argues that these results may be partly due to the difficulty of empirically separating short-term...

Persistent link: https://www.econbiz.de/10005662387

Investment, Reprocurement and Franchise Contract Length in the British Railway Industry

Affuso, Luisa; Newbery, David M G - C.E.P.R. Discussion Papers - 2000

This Paper studies the interaction between repeated auctions of rail franchises of different lengths, uncertainty, and incentives for investment in rolling stock, following the privatization of British Rail. Theoretical predictions are tested empirically using a unique panel of data. Theory...

Persistent link: https://www.econbiz.de/10005666623

Uncertainty and Company Investment Dynamics: Empirical Evidence for UK Firms

Bloom, Nicholas; Bond, Stephen Roy; Van Reenen, John - C.E.P.R. Discussion Papers - 2003

This Paper investigates the empirical relationship between uncertainty and investment dynamics. This is motivated by the real options literature, which suggests a weaker response of investment to demand shocks at higher levels of uncertainty, as firms place a greater value on the option to wait....

Persistent link: https://www.econbiz.de/10005666662