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Robust and powerful tests for nonlinear deterministic components (2014)
Journal Article
Astill, S., Harvey, D. I., Leybourne, S. J., & Taylor, A. M. R. (2014). Robust and powerful tests for nonlinear deterministic components. Oxford Bulletin of Economics and Statistics, 77(6), https://doi.org/10.1111/obes.12079

We develop a test for the presence of nonlinear deterministic components in a univariate time series, approximated using a Fourier series expansion, designed to be asymptotically robust to the order of integration of the process and to any weak depen... Read More about Robust and powerful tests for nonlinear deterministic components.

Migration, friendship ties, and cultural assimilation (2014)
Journal Article
Facchini, G., Patacchini, E., & Steinhardt, M. F. (2015). Migration, friendship ties, and cultural assimilation. Scandinavian Journal of Economics, 117(2), https://doi.org/10.1111/sjoe.12096

We study migrants’ assimilation by analyzing whether friendship with natives is a measure of cultural assimilation and by investigating the formation of social ties. Using the German Socio-Economic Panel, we find that migrants with a German friend ar... Read More about Migration, friendship ties, and cultural assimilation.

Estimating direct and indirect effects of foreign direct investment on firm productivity in the presence of interactions between firms (2014)
Journal Article
Girma, S., Yundan, G., Holger, G., & Sandra, L. (2014). Estimating direct and indirect effects of foreign direct investment on firm productivity in the presence of interactions between firms. Journal of International Economics, 95(1), https://doi.org/10.1016/j.jinteco.2014.11.007

We implement a method to estimate the direct effects of foreign-ownership on foreign firms' productivity and the indirect effects (or spillovers) from the presence of foreign-owned firms on other foreign and domestic firms' productivity in a unifying... Read More about Estimating direct and indirect effects of foreign direct investment on firm productivity in the presence of interactions between firms.

Approximation for the conditional distribution of the MLE with application to autoregression (2014)
Journal Article
Marsh, P. (in press). Approximation for the conditional distribution of the MLE with application to autoregression. Advances and applications in statistics, 42(1),

The famous p* formula provides a higher-order approximation for the conditional distribution of the maximum likelihood estimator given an exact ancillary. By collating well known existing results including application of a formal higher-order expansi... Read More about Approximation for the conditional distribution of the MLE with application to autoregression.

Common reasoning in games: a Lewisian analysis of common knowledge of rationality (2014)
Journal Article
Cubitt, R. P., & Sugden, R. (2014). Common reasoning in games: a Lewisian analysis of common knowledge of rationality. Economics and Philosophy, 30(3), https://doi.org/10.1017/S0266267114000339

Abstract: We present a new class of models of players’ reasoning in non-cooperative games, inspired by David Lewis’s account of common knowledge. We argue that the models in this class formalise common knowledge of rationality in a way that is dis... Read More about Common reasoning in games: a Lewisian analysis of common knowledge of rationality.

Break date estimation for models with deterministic structural change (2014)
Journal Article
Harvey, D. I., & Leybourne, S. J. (2014). Break date estimation for models with deterministic structural change. Oxford Bulletin of Economics and Statistics, 76(5), https://doi.org/10.1111/obes.12037

In this article, we consider estimating the timing of a break in level and/or trend when the order of integration and autocorrelation properties of the data are unknown. For stationary innovations, break point estimation is commonly performed by mini... Read More about Break date estimation for models with deterministic structural change.

The formation of community-based organizations: an analysis of a quasi-experiment in Zimbabwe (2014)
Journal Article
Barr, A., Dekker, M., & Fafchamps, M. (2014). The formation of community-based organizations: an analysis of a quasi-experiment in Zimbabwe. World Development, 66, https://doi.org/10.1016/j.worlddev.2014.08.003

Previous analyses of the formation and composition of community-based organizations (CBOs) have used cross section data. So, causal inference has been compromised. We obviate this problem by using data from a quasi-experiment in which villages were f... Read More about The formation of community-based organizations: an analysis of a quasi-experiment in Zimbabwe.

More hours, more jobs? The employment effects of longer working hours (2014)
Journal Article
Andrews, M., Gerner, H.-D., Schank, T., & Upward, R. (2014). More hours, more jobs? The employment effects of longer working hours. Oxford Economic Papers, 67(2), https://doi.org/10.1093/oep/gpu026

Increases in standard hours of work have been a contentious policy issue in Germany. Whilst this might directly lead to a substitution of workers by hours, there may also be a positive employment effect due to reduced costs. Moreover, the response of... Read More about More hours, more jobs? The employment effects of longer working hours.

Inference on factor structures in heterogeneous panels (2014)
Journal Article
Castagnetti, C., Rossi, E., & Trapani, L. (2015). Inference on factor structures in heterogeneous panels. Journal of Econometrics, 184(1), https://doi.org/10.1016/j.jeconom.2014.08.004

This paper develops an estimation and testing framework for a stationary large panel model with observable regressors and unobservable common factors. We allow for slope heterogeneity and for correlation between the common factors and the regressors.... Read More about Inference on factor structures in heterogeneous panels.

Policymakers’ horizon and trade reforms: the protectionist effect of elections (2014)
Journal Article
Conconi, P., Facchini, G., & Zanardi, M. (2014). Policymakers’ horizon and trade reforms: the protectionist effect of elections. Journal of International Economics, 94(1), https://doi.org/10.1016/j.jinteco.2014.06.006

This paper shows that electoral incentives deter politicians from supporting trade liber- alization. We focus on all major trade liberalization bills introduced since the early 1970s in the U.S. Congress, in which House and Senate members serve respe... Read More about Policymakers’ horizon and trade reforms: the protectionist effect of elections.

Should they stay or should they go? Attitudes towards immigration in Europe (2014)
Journal Article
Bridges, S., & Mateut, S. (2014). Should they stay or should they go? Attitudes towards immigration in Europe. Scottish Journal of Political Economy, 61(4), https://doi.org/10.1111/sjpe.12051

This paper examines the main determinants of individual attitudes towards immigration in Europe. Our results suggest that both economic and non-economic variables shape attitudes towards immigration, but the relative importance of these factors depen... Read More about Should they stay or should they go? Attitudes towards immigration in Europe.

Endogenous growth and wave-like business fluctuations (2014)
Journal Article
Bambi, M., Gozzi, F., & Licandro, O. (2014). Endogenous growth and wave-like business fluctuations. Journal of Economic Theory, 154, https://doi.org/10.1016/j.jet.2014.08.004

This paper argues that observed long lags in innovation implementation rationalize Schumpeter's statement that “wave-like fluctuations in business ... are the form economic development takes in the era of capitalism.” Adding implementation delays to... Read More about Endogenous growth and wave-like business fluctuations.

Does the Composition of Government Expenditure Matter for Long-Run GDP Levels? (2014)
Journal Article
Sanz, I., Gemmell, N., Kneller, R., Norman, G., & Ismael, S. (2014). Does the Composition of Government Expenditure Matter for Long-Run GDP Levels?. Oxford Bulletin of Economics and Statistics, https://doi.org/10.2139/ssrn.2484917

We examine the long-run GDP impacts of changes in total government expenditure and in the shares of different spending categories for a sample of OECD countries since the 1970s, taking account of methods of financing expenditure changes and possible... Read More about Does the Composition of Government Expenditure Matter for Long-Run GDP Levels?.

Fair and unfair punishers coexist in the Ultimatum Game (2014)
Journal Article
Brañas-Garza, P., Espín, A. M., Exadaktylos, F., & Herrmann, B. (2014). Fair and unfair punishers coexist in the Ultimatum Game. Scientific Reports, 4(6025), https://doi.org/10.1038/srep06025

In the Ultimatum Game, a proposer suggests how to split a sum of money with a responder. If the responder rejects the proposal, both players get nothing. Rejection of unfair offers is regarded as a form of punishment implemented by fair-minded indivi... Read More about Fair and unfair punishers coexist in the Ultimatum Game.

Recent reforms in Spanish housing markets: an evaluation using a DSGE model (2014)
Journal Article
Mora-Sanguinetti, J. S., & Rubio, M. (2014). Recent reforms in Spanish housing markets: an evaluation using a DSGE model. Economic Modelling, 44(Supp.1), Article S42-S49. https://doi.org/10.1016/j.econmod.2014.04.028

After a long academic debate, Spain finally repealed in 2012 the deduction for home purchase. The abrogation took effect in 2013. In parallel, the VAT for the purchase of new housing was increased after a short period in which it had a reduced rate.... Read More about Recent reforms in Spanish housing markets: an evaluation using a DSGE model.

Attracting skilled immigrants: an overview of recent policy developments in advanced countries (2014)
Journal Article
Facchini, G., & Lodigiani, E. (2014). Attracting skilled immigrants: an overview of recent policy developments in advanced countries. National Institute Economic Review, 229(1), Article R3-R21. https://doi.org/10.1177/002795011422900102

In this paper we review the policies put in place by the main Western destination countries to attract highly skilled migrants. Two main systems can be identified. On the one hand, employer-driven schemes typically call for the migrant to meet a set... Read More about Attracting skilled immigrants: an overview of recent policy developments in advanced countries.

Attack, defence, and contagion in networks (2014)
Journal Article
Goyal, S., & Vigier, A. (2014). Attack, defence, and contagion in networks. Review of Economic Studies, 81(4), 1518-1542. https://doi.org/10.1093/restud/rdu013

© The Author 2014. Connections between individuals facilitate the exchange of goods, resources, and information and create benefits. These connections may be exploited by adversaries to spread their attacks as well. What is the optimal way to design... Read More about Attack, defence, and contagion in networks.

Testing for exogeneity in cointegrated panels (2014)
Journal Article
Trapani, L. (2015). Testing for exogeneity in cointegrated panels. Oxford Bulletin of Economics and Statistics, 77(4), https://doi.org/10.1111/obes.12072

This paper proposes a test for the null that, in a cointegrated panel, the long-run correlation between the regressors and the error term is different from zero. As is well known, in such case the OLS estimator is T-consistent, whereas it is math for... Read More about Testing for exogeneity in cointegrated panels.