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Globalization, financial allocation efficiency and regional economic dynamics: asymmetric panel evidence from Africa

Simplice A., Asongu - Volkswirtschaftliche Fakultät, … - 2011

This paper examines how regionalization in the face of globalization has affected financial development in the context …/projects with deposits; (3) increase in welfare has positively affected the intermediary role of banks; (4) globalization tends to …

Persistent link: https://www.econbiz.de/10009328128

An Automatic Procedure for the Estimation of the Tail Index

Gimeno, Ricardo - 2012

Extreme Value Theory is increasingly used in the modelling of financial time series. The non-normality of stock returns leads to the search for alternative distributions that allows skewness and leptokurtic behavior. One of the most used distributions is the Pareto Distribution because it allows...

Persistent link: https://www.econbiz.de/10013109505

‘Williamson's Fallacy’ in Estimation of Inter-Regional Inequality

Gluschenko, Konstantin - 2017

When estimating regional inequality, many economists use inequality indices weighted by the regions' shares in the national population. Although this approach is widespread, its adequacy has not received attention in the regional science literature. This paper proves that such approach is...

Persistent link: https://www.econbiz.de/10012943787

Foreign direct investment and globalization

Leitão, Nuno Carlos - Volkswirtschaftliche Fakultät, … - 2012

This paper aims to examine the relationship between foreign direct investment and the globalization. The Portuguese … variable estimation of a dynamic panel model within a system generalized methods moments framework allows us to control for … potential correlation issues and endogeneity bias. The results show that the market size and globalization have a positive …

Persistent link: https://www.econbiz.de/10011109612

Globalization and United States’ Intra-Industry Trade

Leitão, Nuno Carlos - Volkswirtschaftliche Fakultät, … - 2012

The recent trend of globalization has given rise to a new paradigm in international economics, i.e. the simultaneous … dynamic panel data approach. In contrast to previous studies, this paper used a dynamic panel data to solve the problems of …

Persistent link: https://www.econbiz.de/10011259604

Globalization and Income Inequality: A Panel Data Analysis of 68 Countries

Atif, Syed Muhammad; Srivastav, Mudit; Sauytbekova, Moldir - Volkswirtschaftliche Fakultät, … - 2012

techniques to examine income inequality index and the index of globalization for panel data of 68 developing countries over the … the study is to determine the direction of impact of globalization on income distribution. This study hypothesises that … increased globalisation worsens income inequality, and vice versa. This hypothesis is investigated using panel data econometric …

Persistent link: https://www.econbiz.de/10011112674

Critical Review of 'A Simple Model of Firm Heterogeneity, International Trade and Wages'

Atif, Syed Muhammad - Volkswirtschaftliche Fakultät, … - 2012

This report critically analyses the paper "A Simple Model of Firm Heterogeneity, International Trade and Wages' authored by, Stephen Ross Yeaple. Yeaple (2005) introduces a static model in which ex-ante homogeneous firms are differentiated based on heterogeneity in technology adoption and skill...

Persistent link: https://www.econbiz.de/10011111068

Trade, Innovation and Productivity: A Quantitative Analysis of Europe

Crespo, Aranzazu - Volkswirtschaftliche Fakultät, … - 2012

This paper proposes a trade model with heterogeneous firms that decide not just whether and how much to export but also whether and how much to innovate. Incorporating both the extensive and intensive margins of trade and innovation leads to different possible equilibria. Depending on how costly...

Persistent link: https://www.econbiz.de/10011112005

CO2 Emission and Firm Heterogeneity: A Study of Metals & Metal based Industries in India

K., Narayanan; Sahu, Santosh Kumar - Volkswirtschaftliche Fakultät, … - 2012

Industrial energy efficiency has emerged as one of the key issues in India. The increasing demand for energy that leads to growing challenge of climate change has resulted major issues. It is obvious that high-energy intensity leads to high carbon intensity of the economy. This paper is an...

Persistent link: https://www.econbiz.de/10011112058

Market structure and multiple equilibria in airline markets

Ciliberto, Federico; Tamer, Elie - Volkswirtschaftliche Fakultät, … - 2009

We provide a practical method to estimate the payoff functions of players in complete information, static, discrete games. With respect to the empirical literature on entry games originated by Bresnahan and Reiss (1990) and Berry (1992), the main novelty of our framework is to allow for general...

Persistent link: https://www.econbiz.de/10011258435