Showing 1 - 10 of 45
This paper uses the unique social structure of Arab communities to examine the effect of social identity on voter … turnout. We first show that voters are more likely to vote for a candidate who shares their social group (signified by last … name) as compared to other candidates. Using last name as a measure of group affiliation, we find an inverted U …
Persistent link: https://www.econbiz.de/10005405976
Social identity has become accepted as a key concept underpinning the endogeneity of economic behaviour and preferences … measures social identity and its effects on preferences towards redistribution, social solidarity and redistributive … institutions. Empirical evidence indicates that social identity carries weight in explaining the presence of social preferences and …
Persistent link: https://www.econbiz.de/10010701093
Field evidence suggests that agents belonging to the same group tend to behave similarly, i.e., behavior exhibits … social interaction effects. Testing for such effects raises severe identification problems. We conduct an experiment that … to a public good. We speak of social interactions if the same subject at the same time makes group-specific contributions …
Persistent link: https://www.econbiz.de/10005405821
This paper presents a canonical, econometric model of contagion and investigates the conditions under which contagion can be distinguished from inter-dependence. In a two-country (market) setup it is shown that for a range of fundamentals the solution is not unique, and for sufficiently large...
Persistent link: https://www.econbiz.de/10005406044
contributes to literature on the structural identification of production functions in two ways. As a first step, it reviews the … price, and the collinearity among input factors of production. Additionally, we propose an identification strategy that …
Persistent link: https://www.econbiz.de/10011210785
asset prices, and it exploits the heteroskedasticity for the identification of causality in a multifactor model. It finds a …
Persistent link: https://www.econbiz.de/10010877722
differences in data sets; (b) differences in remaining biases between different identification strategies; and (c) differences … across identification strategies in their ability to make out-of-sample predictions. We conclude that discrepancies in past …
Persistent link: https://www.econbiz.de/10008727305
In 2001, the Fed has lowered interest rates in a series of cuts, starting from 6.5 per cent at the end of 2000 to 2.0 per cent by early November. This paper asks, whether the Federal Reserve Bank has been surprising the markets, taking as given the conventional view about the effect of monetary...
Persistent link: https://www.econbiz.de/10005094352
is whether such equations are identified. To check identification requires specifying the process for the forcing … is estimated by GMM, relying on statistical criteria to choose instruments. This may result in failure of identification …
Persistent link: https://www.econbiz.de/10005249468
The 2007-2008 global financial crisis and the subsequent anemic recovery have rekindled academic interest in quantifying the impact of uncertainty on macroeconomic dynamics based on the premise that uncertainty causes economic activity to slow down and contract. In this paper, we study the...
Persistent link: https://www.econbiz.de/10010757723