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- ASEAN (1)
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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Testing Heterogeneity In Panel Data Models With Interactive Fixed Effects, Qihui Chen
Testing Heterogeneity In Panel Data Models With Interactive Fixed Effects, Qihui Chen
Dissertations and Theses Collection (Open Access)
This paper proposes a test for the slope homogeneity in large dimensional panel data models with interactive fixed effects based on a measure of goodness-of-fit (R2). We first obtain, for each cross-sectional unit, the R2 from the time series regression of residuals on the constant and observable regressors and then construct the test statistic R2 as an equally weighted average of the cross-sectional R2's. R̄2 is close to 0 under the null hypothesis of homogenous slopes and deviates away from 0 otherwise. We show that after being appropriately centered and scaled, R2 …
Effects Of Free Trade Areas In Trade Promotion: Gravity Model Approach, Mona Jit Mui Lim
Effects Of Free Trade Areas In Trade Promotion: Gravity Model Approach, Mona Jit Mui Lim
Dissertations and Theses Collection (Open Access)
Since the early 1990s, the world has seen a proliferation of Free Trade Agreements (FTAs). One of the key objectives of FTAs is to expand trade between or amongst its signatories. This study explores the intra-FTA and extra-FTA trade expansion capability of 3 types of FTA: North-North FTA (European Union (EU)-15 as a representative), North-South FTA (North America Free Trade Agreement (NAFTA) as a representative) and South-South FTA (Association of Southeast Asia Nations (ASEAN ) Free Trade Agreement (AFTA) as a representative). The study made an attempt to address the spread of such FTA-led trade expansion amongst the members and …
Analysis Of Singapore's Foreign Exchange Market Microstructure, Chee Wai Wan
Analysis Of Singapore's Foreign Exchange Market Microstructure, Chee Wai Wan
Dissertations and Theses Collection (Open Access)
This paper analyses the Singapore foreign exchange market from a microstructure approach. Specifically, by applying and modifying the empirical methodology designed by Bollerslev and Melvin (1994), we examine the relationship between bid-ask spreads and the underlying volatility of the USD/SGD. Our data set comprises high-frequency USD/SGD tick data of three separate years (April-June 1989, April-May 2006, April-May 2009). We found that for the USD/SGD: i) the size of bid-ask spreads are positively related to the underlying exchange rate volatility; ii) the magnitude of the dependence on underlying volatility increases as tick volume increases; and iii) the size of the bid-ask …
A Sufficient Condition For The Tops-Only Property Of Strategy-Proof Social Choice Functions In The Case Of Two Voters, Huaxia Zeng
A Sufficient Condition For The Tops-Only Property Of Strategy-Proof Social Choice Functions In The Case Of Two Voters, Huaxia Zeng
Dissertations and Theses Collection (Open Access)
In this thesis, we consider the standard voting model with a finite set of alternatives A and 2 voters, and address the following question: besides Domains D satisfying the
Property T (Chatterji & Sen (2011) ), what are other characteristics of domains that induce every strategy-proof and unanimous social choice function f : Dn → A to satisfy the tops-only property? We impose a minimal richness condition which ensures that for every alternative a ∈ A, there exists a preference ordering where a is maximal. We identify a more general condition on domains that is sufficient for strategy-proofness …