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How new airport infrastructure promotes tourism : evidence from a synthetic control approach in German regions
Dörr, Luisa; Dorn, Florian; Gäbler, Stefanie; … - 2019
We examine how new airport infrastructure influences regional tourism. Identification is based on the conversion of a … military air base into a regional commercial airport in the German state of Bavaria. The new airport opened in 2007 and … new commercial airport increased tourism in the Allgäu region over the period 2008-2016. The positive effect is especially …
Persistent link: https://www.econbiz.de/10012157335
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All Clear for Takeoff : Evidence from Airports on the Effects of Infrastructure Privatization
Howell, Sabrina T.; Jang, Yeejin; Kim, Hyeik; Weisbach, … - National Bureau of Economic Research - 2022
airport performance along a rich array of dimensions such as passengers per flight, total passengers, number of routes, number … rather than operational changes. Overall, we find little evidence that privatization alone increases airport performance …. These effects are largest when there is a competing airport nearby. Finally, we show that outright ownership rather than …
Persistent link: https://www.econbiz.de/10013435106
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The Credit Crunch in East Asia : What can Bank Excess Liquid Assets Tell us?
Agenor, P.R. - 2000
The paper proposes a two-step approach to assessing the extent to which the fall in credit in crisis-stricken East Asian countries was a supply- or demand-induced phenomenon. The first step is based on the estimation of a demand function for excess liquid assets by commercial banks. Such a...
Persistent link: https://www.econbiz.de/10012470785
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International Capital Inflows, Domestic Financial Intermediation and Financial Crises under Imperfect Information
Chinn, Menzie D. - 2000
A model of financial crises in emerging markets based on problems of agency in financial intermediation is developed. This model generates dynamic relationships between foreign capital inflows, domestic investment and domestic bank debt in an endogenous growth model. As a consequence of loan...
Persistent link: https://www.econbiz.de/10012470835
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Lessons from the Asian Crisis
Mishkin, Frederic S. - 2000
This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...
Persistent link: https://www.econbiz.de/10012470928
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Latin America and East Asia in the Context of an Insurance Model of Currency Crises
Chinn, Menzie D. - 1999
This paper focuses on the 1995 Latin American and 1997 East Asian crises using an insurance-based model of financial crises. First the model of Dooley (forthcoming) is described. Second, some empirical evidence for an insurance model is presented. The key variables in this approach include the...
Persistent link: https://www.econbiz.de/10012471706
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Before the Fall : Were East Asian Currencies Overvalued?
Chinn, Menzie D. - 1998
I implement two major approaches to identifying the equilibrium exchange rate. First, the concept of purchasing power parity is tested and used to define the equilibrium real exchange rate for the Indonesian rupiah, Korean won, Malaysian ringgit, Philippine peso, Singapore dollar, Taiwanese...
Persistent link: https://www.econbiz.de/10012472311
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Is an Integrated Regional Labor Market Emergin in East and Southeast Asia?
Bloom, David E. - 1995
We examine labor market integration in east and southeast Asia (ESEA) during the 1980s, focusing on intraregional labor mobility and on the two other main channels of integration: capital mobility and trade. We find evidence that labor market integration increased sharply among ESEA countries in...
Persistent link: https://www.econbiz.de/10012473705
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Globalisation and social spending
De Grauwe, Paul; Polan, Magdalena - 2003
We provide evidence indicating that countries with well-developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the...
Persistent link: https://www.econbiz.de/10011506440
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When does inter-jurisdictional competition engender a "race to the bottom"? : a meta-regression analysis
Costa-Font, Joan; De-Albuquerque, Filipe; Doucouliagos, … - 2015
A growing literature documents the existence of strategic political reactions to public expenditure in one jurisdiction on either neighboring or reference jurisdictions. The latter might give raise to downward expenditure spiral, or "race to the bottom". However, in ascertaining the empirical...
Persistent link: https://www.econbiz.de/10010479922