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Articles 6601 - 6630 of 7648
Full-Text Articles in Social and Behavioral Sciences
Some Empirics On Economic Growth Under Heterogeneous Technology, Peter C. B. Phillips, Donggyu Sul
Some Empirics On Economic Growth Under Heterogeneous Technology, Peter C. B. Phillips, Donggyu Sul
Research Collection School Of Economics
A new econometric approach to testing for economic growth convergence is overviewed. The method is applicable to panel data, involves a simple regression based one-sided t-test, and can be used to form a clustering algorithm to assess the existence of growth convergence clubs. The approach allows for heterogeneous technology, utilizes some new asymptotic theory for nonlinear dynamic factor models, and is easy to implement. Some background growth theory is given which shows the form of augmented Solow regression (ASR) equations in the presence of heterogeneous technology and explains sources of potential misspecification that can arise in conventional formulations of ASR …
Avoiding Arbitrary Exclusion Restrictions Using Ratios Of Reduced-Form Estimates, Myoung-Jae Lee, Pao-Li Chang
Avoiding Arbitrary Exclusion Restrictions Using Ratios Of Reduced-Form Estimates, Myoung-Jae Lee, Pao-Li Chang
Research Collection School Of Economics
We show how to obtain coherent structural-form (SF) exclusion restrictions using the reduced-form (RF) parameter ratios. It will be shown that an over-identified SF corresponds to a group of regressors sharing the same RF ratio value; those regressors should be excluded jointly from the SF. If there is no group structure, then the SF is just-identified; in this case, however, it is no longer clear which regressor should be excluded. Hence, just-identified SF’s are more arbitrary than over-identified SF’s in terms of exclusion restrictions. This is in stark contrast to the notion that the former is less arbitrary than the …
Grist For The Sceptic's Mill: Rwanda And The African Peer Review Mechanism, Eduard Jordaan
Grist For The Sceptic's Mill: Rwanda And The African Peer Review Mechanism, Eduard Jordaan
Research Collection School of Social Sciences
The article delves into the impact of the African Peer Review Mechanism (APRM) to Rwanda's achievement of greater democracy and respect for political freedom. It aims to show the improbability that the APRM can influence the country due to its insufficient ability and volition to pressure further democratization and respect for political rights on Rwandan government, the APRM's optimistic view of political governance, and the APR Heads of State Forum's ratification of a program of action discounting the issues of democracy and political freedom. The author stresses that the weaknesses of APRM may be attributed to the existing reduced authorization …
Improved Maximum-Likelihood Estimation For The Common Shape Parameter Of Several Weibull Populations, Zhenlin Yang, Dennis K. J. Lin
Improved Maximum-Likelihood Estimation For The Common Shape Parameter Of Several Weibull Populations, Zhenlin Yang, Dennis K. J. Lin
Research Collection School Of Economics
The biasness problem of the maximum-likelihood estimate (MLE) of the common shape parameter of several Weibull populations is examined in detail. A modified MLE (MMLE) approach is proposed. In the case of complete and Type II censored data, the bias of the MLE can be substantial. This is noticeable even when the sample size is large. Such a bias increases rapidly as the degree of censorship increases and as more populations are involved. The proposed MMLE, however, is nearly unbiased and much more efficient than the MLE, irrespective of the degree of censorship, the sample sizes, and the number of …
Protection For Sale Under Monopolistic Competition: An Empirical Investigation, Pao Li Chang
Protection For Sale Under Monopolistic Competition: An Empirical Investigation, Pao Li Chang
Research Collection School Of Economics
This paper proposes a general empirical framework to estimate the protection-for-sale model, where the protection regime shifts according to a sector's market structure (perfectly or monop-olistically competitive). We base the protection structure on Grossman and Helpman (1994) for the subset of perfectly competitive sectors and on Chang (2005) for the subset of monop- olistically competitive sectors. The two protection regimes are simultaneously estimated with joint constraints. The results of the J-test consistently reject the homogeneous (perfect compe- tition) protection-for-sale model often adopted in previous literature and suggest a direction of improvement toward the proposed heterogeneous protection structure model.
Change Of Dean At Smu Law School, Singapore Management University
Change Of Dean At Smu Law School, Singapore Management University
SMU Press Releases
No abstract provided.
The Coevolution Of Economic And Political Development, Fali Huang
The Coevolution Of Economic And Political Development, Fali Huang
Research Collection School Of Economics
This paper establishes a simple model of long run economic and political development, which is driven by the inherent technical features of di¤erent production factors and the political con‡icts among factor owners on how to divide the outputs. The main production factor in economy evolves from land to physical capital and then to human capital, which enables their respective owners (landlords, capitalists, and workers) to gain political power in the same sequence, shaping the political development path from monarchy to oligarchy and …nally to democracy with full su¤rage. When it is too costly for any group of factor owners to …
Where Work And Death Meet, M. Thulasidas
Where Work And Death Meet, M. Thulasidas
Research Collection School Of Computing and Information Systems
STRESS is as much a part of our cor- porate careers as death is a fact of life. Still, it is best to keep the two (career and death) separate. This message is lost on some hardworking souls here who literally work themselves to death.
Mapping Better Business Strategies With Gis, Tin Seong Kam
Mapping Better Business Strategies With Gis, Tin Seong Kam
Research Collection School Of Computing and Information Systems
The value of location as a business measure is fast becoming an important consideration for organisations. GIS (Geographical Information Systems), with its capability to manage, display, analyse business information spatially, is emerging as a powerful location intelligence tool. In the US, Starbucks, Blockbuster, Hyundai, and thousands of other businesses use census data and GIS software to help them understand what types of people buy their products and services, and how to better market to these consumers. For example, McDonald’s in Japan uses a GIS system to overlay demographic information on maps to help identify promising new store sites. Singapore Management …
Understanding Chinese Business Behaviour: A Historical Perspective, Taieb Hafsi, Li Yan
Understanding Chinese Business Behaviour: A Historical Perspective, Taieb Hafsi, Li Yan
Research Collection Lee Kong Chian School Of Business
The behaviour of Chinese business has been studied by a variety of strategic management scholars (see in particular Hafsi and Tian, 2005; Peng, 2006; Peng and Heat, 1996). Most of these studies rely on traditional data gathering, either in the form of interviews or published data banks. Very little attention has been given to history as a determinant of strategic behaviour. In this paper, we propose that the cognitive orientation of Chinese managers is dominated by their knowledge and understanding of Chinese history. We take the Three Kingdoms historic novel as a proxy to history to derive basic behavioral norms …
Does Tv Affect Child Cognitive Development?, Fali Huang, Myoung-Jae Lee
Does Tv Affect Child Cognitive Development?, Fali Huang, Myoung-Jae Lee
Research Collection School Of Economics
We investigate whether TV watching at ages 6-7 and 8-9 affects cognitive development measured by math and reading scores at ages 8-9 using a rich childhood longitudinal sample from NLSY79. Dynamic panel data models are estimated to handle the unobserved child-specific factor, endogeneity of TV watching, and dynamic nature of the causal relation. A special emphasis is put on the last aspect where TV watching affects cognitive development which in turn affects the future TV watching. When this feedback occurs, it is not straightforward to identify and estimate the TV effect. We adopt estimation methods available in the biostatistics literature …
A Welfare Analysis Of Capital Account Liberalization, Jürgen Von Hagen, Haiping Zhang
A Welfare Analysis Of Capital Account Liberalization, Jürgen Von Hagen, Haiping Zhang
Research Collection School Of Economics
We develop a model of a small open economy with credit market frictions to analyze the consequences of capital account liberalization. We show that nancial opening facilitates the in ows of cheap foreign funds and improves production e ciency. Reforms increasing labor market exibility can further improve such e ciency gains. However, capital account liberalization also has important distributional consequences. Speci cally, it may be impossible to use public transfers to fully compensate the loss of those negatively a ected by capital account liberalization. This explains why nancial opening often meets erce opposition even though it leads to e ciency …
Increasing Innovation Through Identity Integration., Chi-Ying Cheng, Jeffrey Sanchez-Burks, Fiona Lee
Increasing Innovation Through Identity Integration., Chi-Ying Cheng, Jeffrey Sanchez-Burks, Fiona Lee
Research Collection School of Social Sciences
Innovation involves bridging existing knowledge systems from different areas. We propose that individuals who can integrate multiple social identities are better at combining knowledge systems associated with each identity, and thus exhibit higher levels of innovation. Three studies, each probing different types of social identities, provide evidence for this proposition. A laboratory experiment showed that Asian American biculturals who perceived their multiple cultural identities as compatible (high Identity Integration or high II) exhibited higher levels of innovation in creating new Asian-American recipes than biculturals who perceived their multiple cultural identities as conflicting (low Identity Integration or low II). A field …
To Trust Or To Monitor: A Dynamic Analysis, Fali Huang
To Trust Or To Monitor: A Dynamic Analysis, Fali Huang
Research Collection School Of Economics
In a principal-agent framework, principals can mitigate moral hazard problems not only through extrinsic incentives such as monitoring, but also through agents’ intrinsic trustworthiness. Their relative usage, however, changes over time and varies across societies. This paper attempts to explain this phenomenon by endogenizing agent trustworthiness as a response to potential returns. When monitoring becomes relatively cheaper over time, agents acquire lower trustworthiness, which may actually drive up the overall governance cost in society. Across societies, those giving employees lower weights in choosing governance methods tend to have higher monitoring intensities and lower trust. These results are consistent with the …
Aid Suspensions As Coercive Tools? The European Union’S Experience In The African-Caribbean-Pacific (Acp) Context, Clara Portela
Aid Suspensions As Coercive Tools? The European Union’S Experience In The African-Caribbean-Pacific (Acp) Context, Clara Portela
Research Collection School of Social Sciences
Since the signing of the Cotonou Agreement in 2000, the European Union (EU) has suspended development aid towards a number of African Caribbean and Pacific (ACP) countries in response to breaches of Human Rights and democratic principles by activating the so-called Human Rights clause (article 96). The present article analyses the use by the EU of aid suspensions as political tools and their efficacy in achieving the desired policy goals, in an attempt to identify and explain the determinants leading to the success of these measures. The investigation finds that the use of development aid suspensions is frequently effective. Classical …
On The Segmentation Of Markets, Nicolas L. Jacquet, Serene Tan
On The Segmentation Of Markets, Nicolas L. Jacquet, Serene Tan
Research Collection School Of Economics
This paper endogenizes the market structure of an economy with heterogeneous agents who want to form bilateral matches in the presence of search frictions and when utility is nontransferable. There exist infinitely many marketplaces, and each agent chooses which marketplace to be in: agents get to choose not only whom to match with but also whom they meet with. Perfect segmentation is obtained in equilibrium, where agents match with the first person they meet. All equilibria have the same matching pattern. Although perfect assortative matching is not obtained in equilibrium, the degree of assortativeness is greater than in standard models.
Regression With Slowly Varying Regressors And Nonlinear Trends, Peter C. B. Phillips
Regression With Slowly Varying Regressors And Nonlinear Trends, Peter C. B. Phillips
Research Collection School Of Economics
Slowly varying (SV) regressors arise commonly in empirical econometric work, particularly in the form of semilogarithmic regression and log periodogram regression. These regressors are asymptotically collinear. Usual regression formulas for asymptotic standard errors are shown to remain valid, but rates of convergence are affected and the limit distribution of the regression coefficients is shown to be one dimensional. Some asymptotic representations of partial sums of SV functions and central limit theorems with SV weights are given that assist in the development of a regression theory. Multivariate regression and polynomial regression with SV functions are considered and shown to be equivalent, …
Smu Celebrates Fourth Batch Of 860 Graduates, Singapore Management University
Smu Celebrates Fourth Batch Of 860 Graduates, Singapore Management University
SMU Press Releases
No abstract provided.
Singapore's First Institute For Service Excellence Established At Smu, Singapore Management University
Singapore's First Institute For Service Excellence Established At Smu, Singapore Management University
SMU Press Releases
No abstract provided.
Why Is There No Game?' Critical Success Factors In Blending An E-Learning Module Into A Knowledge Management Course: A Case Study From The Singapore Management University (Smu), Thomas Menkhoff, Yue Kee Wong, Tze Yian Thang, Donata Ty Edgardo
Why Is There No Game?' Critical Success Factors In Blending An E-Learning Module Into A Knowledge Management Course: A Case Study From The Singapore Management University (Smu), Thomas Menkhoff, Yue Kee Wong, Tze Yian Thang, Donata Ty Edgardo
Research Collection Lee Kong Chian School Of Business
In 2005, the authors of this essay led the development and launch of SMU's (Singapore Management University) first e-learning package on 'Knowledge Management'. This package has been integrated into the overall teaching strategy, thereby fulfilling the University's mission to be "committed to an interactive, participative and technologically-enabled learning experience"
Since its inception in 2000, SMU's educational and administrative practices are modelled after American institutions, in particular the Wharton School of the University of Pennsylvania. To support SMU's unique pedagogy, wireless technology for mobile computing is a central feature at SMU.
Against this background, the paper presents a self-critical and reflective …
It's Not So Hard To Say Goodbye, M. Thulasidas
It's Not So Hard To Say Goodbye, M. Thulasidas
Research Collection School Of Computing and Information Systems
Staff retention is a major problem in the job market here. Our economy is doing well; our job market is red hot. As a result, new job offers are becoming more irresistible. At some stage, someone you work closely with — be it your staff, your boss or a fellow team member — is going to hand in that dreaded letter to the human resource (HR) department. Handling resignations with tact and grace is no longer merely a desirable quality, but an essential corporate skill today.
They Want To Talk, But Are They Listening?, M. Thulasidas
They Want To Talk, But Are They Listening?, M. Thulasidas
Research Collection School Of Computing and Information Systems
Every relationship could use a little less action, a little more conversation.
How Much Should Foreign Talent Be Paid?, Manoj Thulasidas
How Much Should Foreign Talent Be Paid?, Manoj Thulasidas
Research Collection School Of Computing and Information Systems
Singapore needs foreign talent — and there’s no need to feel bad about it. It is a statistical fact of life. For every top Singaporean in any field — be it science, medicine, finance, sports or whatever — we will find about 500 professionals of equal calibre in China and India. Not because we are 500 times less talented, just that they have 500 times more people.
Redefining Marriage: Where To Draw The Line?, Seow Hon Tan
Redefining Marriage: Where To Draw The Line?, Seow Hon Tan
Research Collection Yong Pung How School Of Law
No abstract provided.
Direction-Of-Change Forecasts For Asian Equity Markets Based On Conditional Variance, Skewness And Kurtosis Dynamics: International Evidence, Peter F. Christoffersen, Francis X. Diebold, Robert S. Mariano, Anthony S. Tay, Yiu Kuen Tse
Direction-Of-Change Forecasts For Asian Equity Markets Based On Conditional Variance, Skewness And Kurtosis Dynamics: International Evidence, Peter F. Christoffersen, Francis X. Diebold, Robert S. Mariano, Anthony S. Tay, Yiu Kuen Tse
Research Collection School Of Economics
Recent theoretical work has revealed a direct connection between asset return volatility forecastability and asset return sign forecastability. This suggests that the pervasive volatility forecastability in equity returns could, via induced sign forecastability, be used to produce direction-of change forecasts useful for market timing. We attempt to do so in an international sample of developed equity markets, with some success, as assessed by formal probability forecast scoring rules such as the Brier score. An important ingredient is our conditioning not only on conditional mean and variance information, but also conditional skewness and kurtosis information, when forming direction-of-change forecasts.
Indirect Inference For Dynamic Panel Models, Jun Yu
Indirect Inference For Dynamic Panel Models, Jun Yu
Research Collection School Of Economics
It is well-known that maximum likelihood (ML) estimation of the autoregressive parameter of a dynamic panel data model with fixed effects is inconsistent under fixed time series sample size (T) and large cross section sample size (N) asymptotics. The estimation bias is particularly relevant in practical applications when T is small and the autoregressive parameter is close to unity. The present paper proposes a general, computationally inexpensive method of bias reduction that is based on indirect inference (Gouriéroux et al., 1993), shows unbiasedness and analyzes efficiency. The method is implemented in a simple linear dynamic panel model, but has wider …
Redefining Marriage: Where To Draw The Line?, Seow Hon Tan
Redefining Marriage: Where To Draw The Line?, Seow Hon Tan
Research Collection Yong Pung How School Of Law
No abstract provided.
An Empirical Examination Of The Mechanisms Mediating Between High Performance Work Systems And The Performance Of Japanese Organizations, Riki Takeuchi, David P. Lepak, Heli Wang, Kazuo Takeuchi
An Empirical Examination Of The Mechanisms Mediating Between High Performance Work Systems And The Performance Of Japanese Organizations, Riki Takeuchi, David P. Lepak, Heli Wang, Kazuo Takeuchi
Research Collection Lee Kong Chian School Of Business
The resource-based view of the firm and social exchange perspectives are invoked to hypothesize linkages among high-performance work systems, collective human capital, the degree of social exchange in an establishment, and establishment performance. The authors argue that high-performance work systems generate a high level of collective human capital and encourage a high degree of social exchange within an organization, and that these are positively related to the organization's overall performance. On the basis of a sample of Japanese establishments, the results provide support for the existence of these mediating mechanisms through which high-performance work systems affect overall establishment performance.
Silence Speaks Volumes: The Effectiveness Of Reticence In Comparison To Apology And Denial For Repairing Integrity- And Competence-Based Trust Violations, Donald L. Ferrin, Peter H. Kim, Cecily D. Cooper, Kurt T. Dirks
Silence Speaks Volumes: The Effectiveness Of Reticence In Comparison To Apology And Denial For Repairing Integrity- And Competence-Based Trust Violations, Donald L. Ferrin, Peter H. Kim, Cecily D. Cooper, Kurt T. Dirks
Research Collection Lee Kong Chian School Of Business
Prior research on responses to trust violations has focused primarily on the effects of apology and denial. The authors extended this research by studying another type of verbal response that is often used to respond to trust violations but has not been considered in the trust literature: reticence. An accused party may use reticence in a sincere and even legitimate attempt to persuade a trustor to withhold judgment. Yet, by considering information diagnosticity and belief formation mechanisms through which verbal responses influence trust, the authors argue that reticence is a suboptimal response because it combines the least effective elements of …
The Evolution And Utilization Of The Gatt/Wto Dispute Settlement Mechanism, Pao-Li Chang
The Evolution And Utilization Of The Gatt/Wto Dispute Settlement Mechanism, Pao-Li Chang
Research Collection School Of Economics
This paper provides a theoretical framework of dispute settlement to explain the surge in blocking incidence of GATT panel reports during the 1980s and the variations in withdrawn incidence versus total disputes across different decades of the GATT regime. The study first suggests the role of the degree of legal controversy over a panel ruling in determining countries' incentives to block (appeal) a panel report under the GATT (WTO) regime. The study then analyzes the effects of political power on countries' incentives to use, and their interactions in using, the dispute settlement mechanism, when two-sided asymmetric information exists regarding panel …