All Outputs (628)

Consistent individual differences in human social learning strategies (2014)
Journal Article
Molleman, L., Van den Berg, P., & Weissing, F. J. (2014). Consistent individual differences in human social learning strategies. Nature Communications, Article 3570. https://doi.org/10.1038/ncomms4570

Social learning has allowed humans to build up extensive cultural repertoires, enabling them to adapt to a wide variety of environmental and social conditions. However, it is unclear which social learning strategies people use, especially in social c... Read More about Consistent individual differences in human social learning strategies.

Net foreign assets and real exchange rates revisited (2014)
Journal Article
Bleaney, M., & Tian, M. (2014). Net foreign assets and real exchange rates revisited. Oxford Economic Papers, 66(4), https://doi.org/10.1093/oep/gpu014

Theory suggests a significant positive relationship in long-run equilibrium between the net foreign assets (NFA) of a country and its real exchange rate. Empirical tests have ignored two issues: the large variation in cross-country trade/GDP ratios,... Read More about Net foreign assets and real exchange rates revisited.

Macroprudential and monetary policies: implications for financial stability and welfare (2014)
Journal Article
Rubio, M., & Carrasco-Gallego, J. A. (2014). Macroprudential and monetary policies: implications for financial stability and welfare. Journal of Banking and Finance, 49, https://doi.org/10.1016/j.jbankfin.2014.02.012

In this paper, we analyze the implications of macroprudential and monetary policies for business cycles, welfare, and financial stability. We consider a dynamic stochastic general equilibrium (DSGE) model with housing and collateral constraints. A ma... Read More about Macroprudential and monetary policies: implications for financial stability and welfare.

The growth effects of tax rates in the OECD (2014)
Journal Article
Gemmell, N., Kneller, R., & Sanz, I. (2014). The growth effects of tax rates in the OECD. Canadian Journal of Economics / Revue Canadienne d'Économique, 47(4), https://doi.org/10.1111/caje.12105

This paper explores the merits of macro- and micro-based tax rate measures within an open economy ‘fiscal policy and growth’ model. Using annual data for 15 OECD countries we find statistically small, non-robust long-run growth effects of macro-based... Read More about The growth effects of tax rates in the OECD.

Robust tests for a linear trend with an application to equity indices (2014)
Journal Article
Astill, S., Harvey, D. I., Leybourne, S. J., & Taylor, A. R. (in press). Robust tests for a linear trend with an application to equity indices. Journal of Empirical Finance, 29, https://doi.org/10.1016/j.jempfin.2014.02.004

In this paper we develop a testing procedure for the presence of a deterministic linear trend in a univariate time series which is robust to whether the series is I(0) or I(1) and requires no knowledge of the form of weak dependence present in the da... Read More about Robust tests for a linear trend with an application to equity indices.

Detecting common longevity trends by a multiple population approach (2014)
Journal Article
D’Amato, V., Haberman, S., Piscopo, G., Russolillo, M., & Trapani, L. (in press). Detecting common longevity trends by a multiple population approach. North American Actuarial Journal, 18(1), https://doi.org/10.1080/10920277.2013.875884

Recently the interest in the development of country and longevity risk models has been growing. The investigation of long-run equilibrium relationships could provide valuable information about the factors driving changes in mortality, in particular a... Read More about Detecting common longevity trends by a multiple population approach.

Same or different? the CEO labour market in China's public listed companies (2014)
Journal Article
Bryson, A., Forth, J., & Zhou, M. (2014). Same or different? the CEO labour market in China's public listed companies. Economic Journal, 124(574), Article F90-F108. https://doi.org/10.1111/ecoj.12107

Using linked employer–employee data for all China's public listed firms over the period 2001–10, we find top executive compensation exhibits many of the traits familiar in the Western literature, although sometimes in a more muted way, and with some... Read More about Same or different? the CEO labour market in China's public listed companies.

Credit constraints and spillovers from foreign firms in China (2014)
Journal Article
Agarwal, N., Milner, C., & Riaño, A. (2014). Credit constraints and spillovers from foreign firms in China. Journal of Banking & Finance Law and Practice, 48, https://doi.org/10.1016/j.jbankfin.2014.01.036

This paper examines whether credit constraints affect Chinese firms’ absorption of productivity spillovers originating from the activity of foreign-owned firms. Using firm-level data for 2001–2005, we find evidence of positive spillovers originating... Read More about Credit constraints and spillovers from foreign firms in China.

Participatory accountability and collective action: experimental evidence from Albania (2014)
Journal Article
Barr, A., Packard, T., & Serra, D. (2014). Participatory accountability and collective action: experimental evidence from Albania. European Economic Review, 68, https://doi.org/10.1016/j.euroecorev.2014.01.010

It has been argued that accountability is a public good that only citizens can provide. Governments can put institutions in place that allow citizens to hold public servants to account, but citizens must participate in those institutions if accountab... Read More about Participatory accountability and collective action: experimental evidence from Albania.

Aid and Government Fiscal Behavior: Assessing Recent Evidence (2014)
Journal Article
Morrissey, O. (2015). Aid and Government Fiscal Behavior: Assessing Recent Evidence. World Development, 69, 98-105. https://doi.org/10.1016/j.worlddev.2013.12.008

This paper reviews evidence published in the last 10 years that has added to our understanding of the effects of aid on government spending and tax effort in recipient countries, with a discussion of when (general) budget support is a fiscally effici... Read More about Aid and Government Fiscal Behavior: Assessing Recent Evidence.

The desegregating effect of school tracking (2014)
Journal Article
Fraja, G. D., & Martínez-Mora, F. (2014). The desegregating effect of school tracking. Journal of Urban Economics, 80, 164-177. https://doi.org/10.1016/j.jue.2014.01.001

This paper makes the following point: “detracking” schools, that is preventing them from allocating students to classes according to their ability, may lead to an increase in income residential segregation. It does so in a simple model where househol... Read More about The desegregating effect of school tracking.

Market distortions and government transparency (2014)
Journal Article
Albornoz, F., Esteban, J., & Vanin, P. (2014). Market distortions and government transparency. Journal of European Economic Association, 12(1), https://doi.org/10.1111/jeea.12052

In this paper, we investigate how government transparency depends on economic distortions. We first consider an abstract class of economies in which a benevolent policy maker is privately informed about the exogenous state of the economy and contempl... Read More about Market distortions and government transparency.

Sectoral and regional expansion of emissions trading (2014)
Journal Article
Böhringer, C., Dijkstra, B., & Rosendahl, K. E. (2014). Sectoral and regional expansion of emissions trading. Resource and Energy Economics, 37, https://doi.org/10.1016/j.reseneeco.2013.12.003

We consider an international emissions trading scheme with partial sectoral and regional coverage. Sectoral and regional expansion of the trading scheme is beneficial in aggregate, but not necessarily for individual countries. We simulate internation... Read More about Sectoral and regional expansion of emissions trading.

One swallow doesn’t make a summer: reply to Kataria (2014)
Journal Article
Maniadis, Z., Tufano, F., & List, J. A. (2014). One swallow doesn’t make a summer: reply to Kataria. Econ journal watch, 11(1),

In this paper we reply to Mitesh Kataria’s comment, which criticized the simulations of Maniadis, Tufano, and List (2014, Am. Econ. Rev.104(1), 277-290). We view these simulations as a means to illustrating the fact that we economists are unaware of... Read More about One swallow doesn’t make a summer: reply to Kataria.

One swallow doesn't make a summer: new evidence on anchoring effects (2014)
Journal Article
Maniadis, Z., Tufano, F., & List, J. A. (2014). One swallow doesn't make a summer: new evidence on anchoring effects. American Economic Review, 104(1), https://doi.org/10.1257/aer.104.1.277

Some researchers have argued that anchoring in economic valuations casts doubt on the assumption of consistent and stable preferences. We present new evidence that explores the strength of certain anchoring results. We then present a theoretical fram... Read More about One swallow doesn't make a summer: new evidence on anchoring effects.

Asymptotic behaviour of tests for a unit root against an explosive alternative (2014)
Journal Article
Harvey, D. I., & Leybourne, S. J. (2014). Asymptotic behaviour of tests for a unit root against an explosive alternative. Economics Letters, 122(1), https://doi.org/10.1016/j.econlet.2013.11.006

We compare the asymptotic local power of upper-tail unit root tests against an explosive alternative based on ordinary least squares (OLS) and quasi-differenced (QD) demeaning/detrending. We find that under an asymptotically negligible initialisation... Read More about Asymptotic behaviour of tests for a unit root against an explosive alternative.

On infimum Dickey–Fuller unit root tests allowing for a trend break under the null (2014)
Journal Article
Harvey, D. I., Leybourne, S. J., & Taylor, A. R. (2014). On infimum Dickey–Fuller unit root tests allowing for a trend break under the null. Computational Statistics and Data Analysis, 78, https://doi.org/10.1016/j.csda.2012.10.017

Trend breaks appear to be prevalent in macroeconomic time series. Consequently, to avoid the catastrophic impact that unmodelled trend breaks have on power, it is standard empirical practice to employ unit root tests which allow for such effects. A p... Read More about On infimum Dickey–Fuller unit root tests allowing for a trend break under the null.

Human pro-social motivation and the maintenance of social order (2014)
Book Chapter
Gaechter, S. (2014). Human pro-social motivation and the maintenance of social order. The Oxford Handbook of Behavioral Economics and the Law. Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199945474.013.0002

This chapter presents some insights from basic behavioral research on the role of human prosocial motivation to maintain social order. I argue that social order can be conceptualized as a public goods game. Past attempts to explain social order typic... Read More about Human pro-social motivation and the maintenance of social order.

Financial liberalization and the relationship-specificity of exports (2013)
Journal Article
Defever, F., & Suedekum, J. (2014). Financial liberalization and the relationship-specificity of exports. Economics Letters, 122(3), https://doi.org/10.1016/j.econlet.2013.12.034

We investigate the causal impact of equity market liberalizations on sectoral export performance across 91 countries (1980–1997). The increased availability of external finance has boosted trade of industries that intensively use relationship-specifi... Read More about Financial liberalization and the relationship-specificity of exports.

Rationalizing the value premium in emerging markets (2013)
Journal Article
Ebrahim, M. S., Girma, S., Shah, M. E., & Williams, J. (2014). Rationalizing the value premium in emerging markets. Journal of International Financial Markets, Institutions and Money, 29, https://doi.org/10.1016/j.intfin.2013.11.005

We reconfirm the presence of value premium in emerging markets. Using the Brazil–Turkey–India–China (BTIC) grouping during a period of substantial economic growth and stock market development, we attribute the premium to the investment patterns of gl... Read More about Rationalizing the value premium in emerging markets.