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Articles 1 - 6 of 6
Full-Text Articles in Social and Behavioral Sciences
Battese-Coelli Estimator With Endogenous Regressors, Levent Kutlu
Battese-Coelli Estimator With Endogenous Regressors, Levent Kutlu
Economics and Finance Faculty Publications and Presentations
We provide a framework for dealing with the endogeneity problem in the Battese-Coelli estimator for productive efficiency measurement.
Capital And Labor Mobility And Their Impacts On Mexico’S Regional Labor Markets, Rene Cabral, Andre V. Mollick, João Ricardo Faria
Capital And Labor Mobility And Their Impacts On Mexico’S Regional Labor Markets, Rene Cabral, Andre V. Mollick, João Ricardo Faria
Economics and Finance Faculty Publications and Presentations
This paper studies the effects of capital and labor mobility on real wages across Mexican states for the period 1997–2006. Employing dynamic panel data methods, we find: (1) strong positive effects on real wages from foreign direct investment (FDI) and from migration; (2) domestic and foreign migration provide similar wage effects; and (3) alternative partitions indicate that real wages are more sensitive to FDI-related fluctuations across states with relatively lower wages and migration levels. Overall, these results provide support that real wages respond positively to fluctuations in capital flows and labour movements as predicted from the theory.
The Sustainability Of The U.S. Current Account Deficit: Revisiting Mann's Rule, Radhames A. Lizardo, Andre V. Mollick
The Sustainability Of The U.S. Current Account Deficit: Revisiting Mann's Rule, Radhames A. Lizardo, Andre V. Mollick
Economics and Finance Faculty Publications and Presentations
Using quarterly data from 1973 to 2008, we provide evidence that current account (CA) deficits exceeding 4.2% of GDP (\"Mann's rule\") do have a significant lowering effect on the U.S. dollar value against major currencies. Controlling for inflation, public debt, and a broad trade weighted index, excessive CA deficits have a negative long-run impact on the USD. Along the transition path, much faster speeds of adjustment to long-run equilibrium are found when current account deficits in excess of Mann's rule are considered: 20% of the deviations from the long-run equilibrium are corrected in a month against 8% or 9% without …
Foreign Portfolio Investment Inflows To The United States: The Impact Of Investor Risk Aversion And U.S. Stock Market Performance, Peter V. Egly, David W. Johnk, Daniel Perez Liston
Foreign Portfolio Investment Inflows To The United States: The Impact Of Investor Risk Aversion And U.S. Stock Market Performance, Peter V. Egly, David W. Johnk, Daniel Perez Liston
Economics and Finance Faculty Publications and Presentations
This paper examines the relationship of net foreign portfolio investment inflows, namely corporate bonds and stocks, to two pull factors; investor risk aversion and the US stock market. Using a vector autoregressive model, we find that positive shocks to the stock market elicit an insignificant response to the net corporate bond inflow and a significant short term positive response to the net corporate stock inflow. The net corporate stock inflow does not respond to risk aversion, while bond inflows do exhibit a significant midterm response to an increase in risk aversion. Consistent with previous empirical findings, the results show that …
Hyperbolic Systems Modeling Currency Hoarding, Elena Quercioli, Jeffrey Rauch
Hyperbolic Systems Modeling Currency Hoarding, Elena Quercioli, Jeffrey Rauch
Economics and Finance Faculty Publications and Presentations
We introduce and analyse linear systems of hyperbolic partial differential equations that model the replacement and hoarding of currency. The goal is to deduce the hoarding behavior from observations of circulating bills. The large time asymptotics of the models is identified in all cases. The mathematical analysis is novel, partly because of nonstandard boundary conditions. To identify parameters we suggest the measurement of the age histogram of notes, the rate of growth, and the retard in wear of notes due to hoarding. In our models that suffices to identify all but one quantity.
Continuing Studies In Rio Grande Valley History, Milo Kearney, Anthony K. Knopp, Antonio Zavaleta
Continuing Studies In Rio Grande Valley History, Milo Kearney, Anthony K. Knopp, Antonio Zavaleta
UTRGV & TSC Regional History Series
Coming to the Valley, a poem / Vivian Kearney -- The ghosts of historic Palmito Hill Ranch / Antonio N. Zavaleta -- Against the odds : Dr. Juliet V. García, border educator / Manuel F. Medrano -- Lucile Champion's Brownsville : remembrances of another time / Frank Champion Murphy -- The restored courthouse and Judge Oscar Dancy / Anthony Knopp -- Francesco Voltaggio and the Port Isabel shrimp industry / Virginia Voltaggio Wood -- Mario Barrera : a border success story / Milo Kearney -- Selected figures from the Sierra/Valerio family history / Luciano Valerio Sierra and Amy Sierra Frazier …