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regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …
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We investigate the major choice of college graduates where we make choice dependent on expected initial wages and expected wage growth per major. We build a model that allows us to estimate these factors semiparametrically and that corrects for selection bias. We estimate the model on the...
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This study examined how uncertainty and global risk affect financial markets in emerging economies, focusing on foreign …, global risk, and market instability, offering insights for managing risks in opaque markets and improving financial stability. …
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