Showing 1 - 10 of 26
Persistent link: https://www.econbiz.de/10001518720
Persistent link: https://www.econbiz.de/10001424272
Persistent link: https://www.econbiz.de/10001461112
Persistent link: https://www.econbiz.de/10001465534
Persistent link: https://www.econbiz.de/10001608406
We develop an estimator of unreported income, perhaps due to tax evasion, that does not depend on as strict identifying assumptions as previous estimators based on microeconomic data. The standard identifying assumption that the self-employed underreport income whereas wage and salary workers do...
Persistent link: https://www.econbiz.de/10013099400
One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. Little research into this question, however, has used a true causality framework. This paper fills this lacuna by using...
Persistent link: https://www.econbiz.de/10013149078
We introduce a new hybrid approach to joint estimation of Value at Risk (VaR) and Expected Shortfall (ES) for high quantiles of return distributions. We investigate the relative performance of VaR and ES models using daily returns for sixteen stock market indices (eight from developed and eight...
Persistent link: https://www.econbiz.de/10013155427
The current literature shows a significant negative impact of terrorism on countries' economies. We explore this relationship in more detail. Using an unbalanced panel of over 160 countries for up to 25 years and the Global Terrorism Database (GTD) we show a decrease in FDI as a consequence of...
Persistent link: https://www.econbiz.de/10013082731
Current literature shows a significant negative impact of terrorism on countries economies. We explore this relationship in more detail. Using an unbalanced panel of over 160 countries for up to 25 years and the Global Terrorism Database (GTD) we show a decrease in FDI as a consequence of...
Persistent link: https://www.econbiz.de/10013089605