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An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...
Persistent link: https://www.econbiz.de/10010282124
This paper provides empirical evidence consistent with the facts that (1) social networks may strongly affect board … composition and (2) social networks may be detrimental to corporate governance. Our empirical investigation relies on a unique … directors. Networks of former high ranking civil servants are the most active in shaping board composition. Our identification …
Persistent link: https://www.econbiz.de/10010267612
Migration networks are usually captured by the number of people from the migrant?s country in the host region. Using …
Persistent link: https://www.econbiz.de/10010272878
-country policies and by the size of migrant networks at destination. This paper estimates the influence of visa policies and networks … adopted in the literature. We derive bounds for the estimated direct and indirect effects of visa policies and networks that …
Persistent link: https://www.econbiz.de/10010291367
This note gives a fairly complete statistical description of the Hodrick-Prescott Filter (1997) which has been proposed in the context of my seasonal adjustment method (Schlicht 1981, 1984). A statistics estimator for the smoothing parameter is proposed that is asymptotically equivalent to the...
Persistent link: https://www.econbiz.de/10010261819
This paper presents a theory and an empirical investigation on cyclical fluctuations in workplace accidents. The theory is based on the idea that reporting an accident dents the reputation of a worker and raises the probability that he is fired. Therefore a country with a high or an increasing...
Persistent link: https://www.econbiz.de/10010262422
This paper proposes a new approach for analyzing the relationship between macroeconomic factors and the income distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment and inflation rates. Building on the lessons from...
Persistent link: https://www.econbiz.de/10010262571
We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor … variances has been used for the estimation of the translog production functions. Two alternative formulations of technical …
Persistent link: https://www.econbiz.de/10010267745
The UK's Equal Opportunities Commission has recently drawn attention to the 'hidden brain drain' when women working part-time are employed in occupations below those for which they are qualified. These inferences were based on self-reporting. We give an objective and quantitative analysis of the...
Persistent link: https://www.econbiz.de/10010268437
The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword...
Persistent link: https://www.econbiz.de/10010269318