Social and Behavioral Sciences Commons^™

High Speed Rail: Strategic Information For The Australian Context, Tania Von Der Heidt, Pat Gillett, Chris Hale, Philip Laird, Alex Wardrop, Robert Weatherby, Charles Waingold, Michael Charles, Ian Rossow, Dale Coleman, Bala Ramasokeran, Rocco Zito, Michael Taylor, Adrian Pollock

Dr Philip Laird

No abstract provided.

The Viability Of Malaysian Developmental State For Africa In An Era Of Economic Globalization, Asayehgn Desta

Asayehgn Desta

Negative Productivity Spillovers And Socially Responsible Investment: The Case Of Fdi In China, Xiaowen Tian

Xiaowen Tian

A widening gap between the rich and the poor is found in most, if not all, developing countries that have recently opened up to FDI and is threatening the sustainability of economic progress in these countries. The study finds strong evidence that FDI contributes to the widening gap between rich and poor regions through negative productivity spillovers in a large developing country, and provides some theoretical explanations. The study discusses implications of the findings for transnational corporations in making socially responsible investment and for developing countries in attracting foreign investors to poor regions.

Cross-Region Fdi Productivity Spillovers In Transition Economies: Evidence From China, Xiaowen Tian, Vai Lo, Shuanglin Lin, Shunfeng Song

Xiaowen Tian

Prior studies have failed to examine the spatial dimension of FDI productivityspillovers in transition economies. Using data from China, this article investigates how FDI in one location may affect the productivity of domestic firms in another location. The study finds strong evidence that FDI in the growth pole on the coast adversely affects the productivity of domestic firms in the peripheral interior. There is also some evidence that FDI in the peripheral interior positively affects the productivity of domestic firms in the growth pole on the coast. The findings indicate that the inflows of FDI contribute to the widening regional …

The Urban Density Premium Across Establishments, R. Jason Faberman, Matthew Freedman

Matthew Freedman

We use longitudinal micro data to estimate the urban density premium for U.S. establishments, controlling for observed establishment characteristics and dynamic establishment behavior. We find that a doubling of urban density increases the average earnings of establishments by between 6 and 10 percent. The result holds after controlling for endogeneity issues and with the use of alternative measures of density. We find strong evidence against accumulated knowledge spillovers over time at the establishment level—that is, the density premium is realized at birth and is constant over the life of establishments. We find little evidence that the endogenous entry or exit …

Beach And Surf Tourism And Recreation In Australia: Vulnerability And Adaptation, Dan Ware, Michael Raybould, Neil Lazarow, David Anning

Michael Raybould

No abstract provided.

Building Democracy In Japan, Mary Alice Haddad

Mary Alice Haddad

How is democracy made real? How does an undemocratic country create new institutions and transform its polity such that democratic values and practices become integral parts of its political culture? These are some of the most pressing questions of our times, and they are the central inquiry of Building Democracy in Japan. Using the Japanese experience as starting point, this book develops a new approach to the study of democratization that examines state-society interactions as a country adjusts its existing political culture to accommodate new democratic values, institutions and practices. With reference to the country's history, the book focuses on …

Governance-Default Risk Relationship And The Demand For Intermediated And Non-Intermediated Debt, Safdar Khan

Safdar Khan

No abstract provided.

A Simple Method To Visualize Results In Nonlinear Regression Models, Daniel Henderson, Subal Kumbhakar, Christopher Parmeter

Christopher F. Parmeter

No abstract provided.

Gdp Clustering: A Reappraisal, Michele Battisti, Christopher Parmeter

Christopher F. Parmeter

No abstract provided.

A Review Of The Bms Package For R, Shahram Amini, Christopher Parmeter

Christopher F. Parmeter

This paper describes the relative merits and attractiveness of the newest Bayesian model averaging package, BMS, available in the statistical software R to implement a Bayesian model averaging exercise. This package provides the user a wide range of customizable priors for conducting a BMA analysis, provides ample graphs to visualize results and offers several alternative model search mechanisms.

Normal Reference Bandwidths For The General Order, Multivariate Kernel Density Derivative Estimator, Christopher Parmeter, Daniel Hendseron

Christopher F. Parmeter

No abstract provided.

Smooth Coefficient Estimation Of A Seemingly Unrelated Regression, Daniel Henderson, Subal Kumbhakar, Qi Li, Christopher Parmeter

Christopher F. Parmeter

No abstract provided.

Bayesian Estimation Approaches To First-Price Auctions, Subal Kumbhakar, Christopher Parmeter, Efthymios Tsionas

Christopher F. Parmeter

This paper considers Bayesian estimation strategies for first-price auctions within the independent private value paradigm. We develop an ‘optimization’ error approach that allows for estimation of values assuming that observed bids differ from optimal bids. We further augment this approach by allowing systematic over or underbidding by bidders using ideas from the stochastic frontier literature. We perform a simulation study to showcase the appeal of the method and apply the techniques to timber auction data collected in British Columbia. Our results suggest that significant underbidding is present in the timber auctions.

Quasi-Experiments And Hedonic Property Value Methods, Christopher Parmeter, Jaren Pope

Christopher F. Parmeter

There has recently been a dramatic increase in the number of papers that have combined quasi-experimental methods with hedonic property models. This is largely due to the concern that cross-sectional hedonic methods may be severely biased by omitted variables. While the empirical literature has developed extensively, there has not been a consistent treatment of the theory and methods of combining hedonic property models with quasi-experiments. The purpose of this chapter is to fill this void. An effort is made to provide background information on the traditional hedonic theory, the traditional cross-sectional hedonic methods as well as the newer quasi-experimental hedonic …

Empirical Implementation Of Nonparametric First-Price Auction Models, Daniel Henderson, John List, Daniel Millimet, Christopher Parmeter, Michael Price

Christopher F. Parmeter

Although these estimators are popular in the literature, many key features necessary for proper implementation have yet to be uncovered. Here we provide several suggestions for nonparametric estimation of first-price auction models. Specifically, we show how to impose monotonicity of the equilibrium bidding strategy; a key property of structural auction models not guaranteed in standard nonparametric estimation. We further develop methods for automatic bandwidth selection. Finally, we discuss how to impose monotonicity in auctions with differing numbers of bidders, reserve prices, and auction-specific characteristics. Finite sample performance is examined using simulated data as well as experimental auction data.

Income Polarization, Convergence Tools And Mixture Analysis, Michele Battisti, Christopher Parmeter

Christopher F. Parmeter

Modeling the cross-country distribution of per capita using mixture analysis provides a natural platform for the recovery or detection of clubs of countries. Unfortunately, these mixture methods, when based on a strictly univariate approach are limiting towards one's ability to learn about the underlying process of the emergence of the clubs. This paper takes a fresh look at the sources contributing to the emergence of clubs in the distribution of cross-country output using bivariate and multivariate mixture analysis.