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Regime-dependent output convergence in Latin America
Holmes, Mark J. - In: Estudios de economía 33 (2006) 1, pp. 65-81
This paper tests for long-run output convergence between a sample of eight Latin American countries and over the study period 1900-2003. The key contribution of this paper is in terms of the econometric methodology where non-stationarity of log real per capita income differentials is tested...
Persistent link: https://www.econbiz.de/10009959067
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Análisis del efecto día de semana en los principales mercados accionarios latinoamericanos : una aproximación mediante el criterio de dominancia estocástica
Kristjanpoller, Werner; Muñoz, Roberto E. - In: Estudios de economía 39 (2012) 1, pp. 5-26
In this paper we study the presence of calendar anomalies in the main Latin- American stock markets, for the 1993 to 2007 period. The literature has shown that the detection of those effects may depend on error distribution assumptions (Baker et al., 2008), and that their existence could be due...
Persistent link: https://www.econbiz.de/10010049050
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Financial knowledge as an endogenous source of the LGUs' potential
Wolowiec, Tomasz - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 1, pp. 108-116
Financial knowledge is an extremely important element not only of functioning and development, but more importantly of managing financial processes at local government level. Considering the progressing reforms of the national public finance system and the resulting consequences (legal,...
Persistent link: https://www.econbiz.de/10010009377
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Threshold effects in the capital asset pricing model using panel smooth transition regression (PSTR) : evidence from net oil export and import groups
Nieh, Chien-chung; Yao, Hsueh-chu - In: Advances in management & applied economics 3 (2013) 2, pp. 179-192
the volatility of world market excess return as the threshold variable and the percentage changes of crude oil price and …. We found that all beta values are positive and higher in the low regime (i.e., volatility of world market excess return … is low) and lower in the high regime (i.e., volatility of world market excess return is high). For the net oil export …
Persistent link: https://www.econbiz.de/10010097691
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The basic equation of capital flight
Lu, Wenjun; Chen, Ke; Ying, Yirong - In: Journal of finance and investment analysis 1 (2012) 3, pp. 231-237
This paper theoretically analyses the measurement of capital flight scale, and the factors that affect capital flight. Then the basic equation of capital flight is improved by introducing three lemmas. -- capital flight ; equation ; capital control
Persistent link: https://www.econbiz.de/10010079558
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Foreign direct investment (FDI) and standard of living in Nigeria
Akinmulegun, Sunday Ojo - In: Journal of applied finance & banking 2 (2012) 3, pp. 295-309
The subject of interrelationship that exists between foreign direct investment (FDI) and standard of living has been an issue of both theoretical and empirical investigations. This study, thus examined the relationship between foreign direct investment and standard of living measured by per...
Persistent link: https://www.econbiz.de/10010009124
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Compartmentalising gold prices
Sanderson, Rohnn - In: International journal of economic sciences and applied … 4 (2011) 2, pp. 99-124
Deriving a functional form for a series of prices over time is difficult. It is common to assume some linearly estimable form for prediction purposes. While this can produce accurate short run forecasts it fails to identify longer trends and patterns that may exist in financial data....
Persistent link: https://www.econbiz.de/10009958073
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El crecimiento económico y el desarrollo del sistema finaciero, un análisis comparativo
Terceño, Antonio; Guercio, Maria Belén - In: Investigaciones europeas de Dirección y Economía de … 17 (2011) 2, pp. 33-46
The purpose of this paper is to examine the relationship between the financial development and economic growth in Latin American countries. First, we show the high correlation between financial system indicators and GDP. Second, we test out that regardless the financial structure of each...
Persistent link: https://www.econbiz.de/10009958343
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The valuation implications of sales growth in start-up ventures
Gavious, Ilanit; Schwartz, Dafna - In: Journal of entrepreneurial finance : JEF ; official … 13 (2008) 2, pp. 1-24
age), our findings indicate that the main factor affecting value-relevance is a firm's degree of market penetration …
Persistent link: https://www.econbiz.de/10009958453
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Portfolio Theory forward testing
Davidsson, Marcus - In: Advances in management & applied economics 3 (2013) 3, pp. 225-244
returns with low return volatility. The dataset that is used consists of approximately 4000 US stocks. We find weak support …
Persistent link: https://www.econbiz.de/10010148028