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Articles 3181 - 3210 of 4172

Full-Text Articles in Economics

Battese-Coelli Estimator With Endogenous Regressors, Levent Kutlu Nov 2010

Battese-Coelli Estimator With Endogenous Regressors, Levent Kutlu

School of Economics and Finance Faculty Publications

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 Oct 2010

Capital And Labor Mobility And Their Impacts On Mexico’S Regional Labor Markets, Rene Cabral, Andre V. Mollick, João Ricardo Faria

School of Economics and Finance Faculty Publications

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.


Ua37/29 Gary Ransdell - Federal Reserve Board - Ben Bernanke Town Hall Meeting, St. Louis Federal Reserve Board Oct 2010

Ua37/29 Gary Ransdell - Federal Reserve Board - Ben Bernanke Town Hall Meeting, St. Louis Federal Reserve Board

Faculty/Staff Personal Papers

Email sent to members of the St. Louis Federal Reserve Board of Ben Bernanke's town hall meeting with educators.


The Impact Of Gender On Voluntary And Involuntary Executive Departure, John R. Becker-Blease, Susan Elkinawy, Mark Stater Oct 2010

The Impact Of Gender On Voluntary And Involuntary Executive Departure, John R. Becker-Blease, Susan Elkinawy, Mark Stater

Finance Faculty Works

We examine the frequency and conditions of executive departure from S&P 1500 firms. Based upon published news reports, we find that female executives are more likely than male executives to depart their positions voluntarily and involuntarily in the presence of controls for firm performance, firm governance, and human capital. We also find that women are less likely than men to depart voluntarily as firm size increases or board size decreases but more likely to be dismissed as the board becomes more male dominated.


International Capital Flows And Aggregate Output, Jurgen Von Hagen, Haiping Zhang Oct 2010

International Capital Flows And Aggregate Output, Jurgen Von Hagen, Haiping Zhang

Research Collection School Of Economics

We develop a tractable multi-country overlapping-generations model and show that cross-country differences in financial development explain three recent empirical patterns of international capital flows. Domestic financial frictions in our model distort interest rates and aggregate output in the less financially developed countries. International capital flows help ameliorate the two distortions. International flows of financial capital and foreign direct investment affect aggregate output in each country directly through affecting the size of aggregate investment. In addition, they affect aggregate output indirectly through affecting the composition of aggregate investment and the size of aggregate savings. Under certain conditions, the indirect effects may …


Estimating The Garch Diffusion: Simulated Maximum Likelihood In Continuous Time, Tore Selland Kleppe, Jun Yu, Hans J. Skaug Oct 2010

Estimating The Garch Diffusion: Simulated Maximum Likelihood In Continuous Time, Tore Selland Kleppe, Jun Yu, Hans J. Skaug

Research Collection School Of Economics

A new algorithm is developed to provide a simulated maximum likelihood estimation of the GARCH diffusion model of Nelson (1990) based on return data only. The method combines two accurate approximation procedures, namely, the polynomial expansion of Ait-Sahalia (2008) to approximate the transition probability density of return and volatility, and the Efficient Importance Sampler (EIS) of Richard and Zhang (2007) to integrate out the volatility. The first and second order terms in the polynomial expansion are used to generate a base-line importance density for an EIS algorithm. The higher order terms are included when evaluating the importance weights. Monte Carlo …


Measurement And High Finance, Peter C. B. Phillips, Jun Yu, Eric Ghysels Oct 2010

Measurement And High Finance, Peter C. B. Phillips, Jun Yu, Eric Ghysels

Research Collection School Of Economics

Turbulence in the world of banking and finance over the last two years has riveted media attention on the financial industry, exposing practices, products and risks in the industry to widespread public scrutiny. Questions continue to be asked about the management and regulation of an industry whose performance is now seen to affect the world’s financial health and its prospects as much as it does national savings and individual retirement funds.


Using Financial Econometrics To Measure Risk, Peter C. B. Phillips, Jun Yu, Eric Ghysels Oct 2010

Using Financial Econometrics To Measure Risk, Peter C. B. Phillips, Jun Yu, Eric Ghysels

Research Collection School Of Economics

No abstract provided.


An Asian Response To International Financial Reforms, Hoe Ee Khor, Kim Song Tan Oct 2010

An Asian Response To International Financial Reforms, Hoe Ee Khor, Kim Song Tan

Research Collection School Of Economics

Asia has emerged as a much more important player in the global economy after the recent financial crisis. Together with other emerging market economies, Asia is expected to be a key driver for global economic growth in the near to medium term. Along with this, there is a rising chorus for an “Asian approach” to financial reforms in the region and internationally. There are also calls for Asia to play a bigger role in designing the new architecture for the global financial system.


Banking Reforms For Effective Monetary Policy Transmissions., O. A. Uchendu Sep 2010

Banking Reforms For Effective Monetary Policy Transmissions., O. A. Uchendu

Bullion

This paper evaluates the effects of the recent banking sector in Nigeria on monetary policy transmission. The remainder of this paper is structured as follows: section two dwells on the transmission mechanism of monetary policy; section three examines the features of the banking sector that affect the conduct of monetary policy; section four presents banking sector reforms in Nigeria while section five examines the impact of the reforms on monetary policy. Section six presents the challenges while section seven concludes the paper.


Overview Of The Four Pillars Of The Banking Reforms., Samuel A. Oni Sep 2010

Overview Of The Four Pillars Of The Banking Reforms., Samuel A. Oni

Bullion

The reports of the risk assessment exercise formed the basis of the intervention by the CBN in some banks and the introduction of the four pillar reform programme, to guarantee the safety and soundness of the banking system. The four pillars of the banking system reforms, which is the main subject, are as follows: Enhancing the quality of banks; Establishing financial stability; Enabling healthy financial sector evolution; and Ensuring that the financial sector contributes to the real economy.


Rebuilding Confidence In Nigerian Banks: The Challenge Of Good Corporate Governance And Professionalism., Uju M. Ogubunka Sep 2010

Rebuilding Confidence In Nigerian Banks: The Challenge Of Good Corporate Governance And Professionalism., Uju M. Ogubunka

Bullion

The Nigerian Banking industry which is still evolving, has great potentials for positively impacting on the developing economy with over a hundred and forty million (140 million) people. Without a doubt, the industry has made noticeable progress and positive impact since its birth in the early 1890s, it would have achieved more had it not been bedevilled by occasional crisis. incidences of bank crisis in Nigeria, like in other jurisdictions, had led to bank shake-ups, failures and subsequent liquidations. Those outcomes gave rise to serious erosion of stakeholders' confidence in banking institutions and the system with far-reaching negative consequences for …


The Role Of The Central Bank Of Nigeria In Ensuring Sound, Safe And Reliable Banking Sector., Chris O. Chukwu Sep 2010

The Role Of The Central Bank Of Nigeria In Ensuring Sound, Safe And Reliable Banking Sector., Chris O. Chukwu

Bullion

This paper examines effects of CBN economic and monetary policies on MDB to ensure sound and safe banking regime. The challenges of effective supervision of the banking sector, therefore involve a comprehensive supervisory approach and good faith of all stakeholders. The paper would covers five sections: 1. Review of the Nigerian banking system serves as an introduction; 2. The activities of the CBN in ensuring sound, safe and reliable banking sector; 3. The challenges facing effective banking supervision; 4. Review of the mitigating factors to the challenges facing effective supervision; and 5. Conclusion in which the paper advised CBN to …


The Nigerian Financial Crisis: Lessons, Prospects And Way Forward, Charles N. O. Mordi Sep 2010

The Nigerian Financial Crisis: Lessons, Prospects And Way Forward, Charles N. O. Mordi

Bullion

This paper x-rays the recent banking sector crisis in Nigeria, its resolution, lessons learned and way forward. The paper is divided into six main sections. Following the introduction, section 2 highlights country experiences of banking crisis and resolution options, while section 3 gives an overview of financial crisis in Nigeria; section 4 discusses the recent financial crises in Nigeria (2000-2009), while section 5 presents the 2009 banking crises and its causes. The most recent reform measures are discussed in section 6. ln sections 7 and 8, the lessons of experience and the way forward are presented, while the concluding remarks …


Reforming The Nigerian Banking Sector: Some Emerging Issues., Biodun Adedipe Sep 2010

Reforming The Nigerian Banking Sector: Some Emerging Issues., Biodun Adedipe

Bullion

When the ongoing reforms of banking in Nigeria commenced, there were several arguments against the seeming harshness of the measures. As the revelations increased, the argument became the manner the revelations were made. All these pointed to the capacity of humans to resist change. lt was generally accepted that things went terribly wrong and some drastic steps needed to be taken. This paper examines existing and emerging financial reforms in the Nigeria banking sector. The outcome of the greed-induced crisis was not peculiar to Nigeria, as banks failed all around the world as their capital was eroded. There are obvious …


Leveraged Etfs: The Trojan Horse Has Passed The Margin-Rule Gates, William M. Humphries Aug 2010

Leveraged Etfs: The Trojan Horse Has Passed The Margin-Rule Gates, William M. Humphries

Seattle University Law Review

What do the Great Depression, the Great Recession, and the demise of Lehman Brothers and Bear Sterns all have in common? One word: leverage. The misuse of leverage, in all its forms, contributed greatly to all of these events. Yet even today, common investors can purchase a leveraged exchange-traded fund (leveraged ETF), a complex product that uses leverage to increase returns, without triggering applicable laws designed to regulate the use of leverage. This Comment articulates the basics surrounding the functions and operations of leveraged ETFs and margin rules in order to assess the compatibility of the two. The Comment argues …


The Boom Not The Slump: The Right Time For Austerity, Arjun Jayadev, Mike Konczal Aug 2010

The Boom Not The Slump: The Right Time For Austerity, Arjun Jayadev, Mike Konczal

Economics Faculty Publication Series

Should the United States cut its deficit in the short term? This has been the subject of intense debate among politicians, policy analysts and thinkers over the past year. What are the consequences of cutting the deficit with interest rates low, unemployment high and growth uncertain?


Ship Investment Decision Analysis On Middle-East Route Of Sinochem, Jun Fan Jul 2010

Ship Investment Decision Analysis On Middle-East Route Of Sinochem, Jun Fan

World Maritime University Dissertations

No abstract provided.


The Research On The Feasibility Of N Company's Chinese Ports Investment Project, Junhua Shen Jul 2010

The Research On The Feasibility Of N Company's Chinese Ports Investment Project, Junhua Shen

World Maritime University Dissertations

No abstract provided.


Factors Analysis And Operation Improving Measures For Thai Flag Vessels, Philumpha Jirasatit Jul 2010

Factors Analysis And Operation Improving Measures For Thai Flag Vessels, Philumpha Jirasatit

World Maritime University Dissertations

No abstract provided.


The Real Option Theory Application In Ship Finance—Hb Company As An Example, Shang Ran Jul 2010

The Real Option Theory Application In Ship Finance—Hb Company As An Example, Shang Ran

World Maritime University Dissertations

No abstract provided.


A Portfolio Analysis Of Market Investments In Oil Tanker Transportation, Zeye Xu Jul 2010

A Portfolio Analysis Of Market Investments In Oil Tanker Transportation, Zeye Xu

World Maritime University Dissertations

No abstract provided.


Ship Financing Mode Selection For Cosco's General Cargo Vessel, Ziwen Rong Jul 2010

Ship Financing Mode Selection For Cosco's General Cargo Vessel, Ziwen Rong

World Maritime University Dissertations

No abstract provided.


Sovereignty, Accountability, And The Wealth Fund Governance Conundrum, Anna Gelpern Jul 2010

Sovereignty, Accountability, And The Wealth Fund Governance Conundrum, Anna Gelpern

Georgetown Law Faculty Publications and Other Works

Sovereign wealth funds – state-controlled transnational portfolio investment vehicles – began as an externally imposed category in search of a definition. SWFs from different countries had little in common and no particular desire to collaborate. But SWFs as a group implicated the triple challenge of securing cooperation between deficit and surplus states, designing a legal framework for global capital flows, and integrating state actors in the transnational marketplace. This Article describes how an apparently artificial grouping of investors, made salient by the historical and political circumstances of their host states in the mid-2000s, became a vehicle for addressing some of …


Sustainable Budgeting, Brian K. Strow, Claudia W. Strow Jul 2010

Sustainable Budgeting, Brian K. Strow, Claudia W. Strow

Economics Faculty Publications

At the forefront of current discussion and social conscience is the importance of ecological sustainability. An also important but often overlooked issue is the importance of sustainable budgeting practices for our various levels of government. Governments often provide social services such as food, clothing, shelter, education, public safety, or health care. If the money to pay for the social services comes from additional government debt, social services to future citizens become imperiled. In this paper, the authors set forth a theoretical framework for sustainable government decision making with special emphasis on sustainable governmental budgeting. The authors outline the intricacies of …


اثر استخدام الانترنيت على تسويق خطاب الكراهية من وجهة نظر المحللين وذوي الخبرة والعلاقة والفنيين من مختلف شرائح المجتمع الاردني, ظاهر رداد حسن القريشي, تيسير محمد العفيشات Jul 2010

اثر استخدام الانترنيت على تسويق خطاب الكراهية من وجهة نظر المحللين وذوي الخبرة والعلاقة والفنيين من مختلف شرائح المجتمع الاردني, ظاهر رداد حسن القريشي, تيسير محمد العفيشات

Muthanna Journal of Administrative and Economics Sciences

استهدفت الدراسة الكشف عن أثر استخدام الانترنت تسويق خطاب الكراهية”، وقد استخدمت الدراسة المنهج الوصفي التحليل في منهجيتها، ولخصوصية وحساسية موضوع الدراسة فقد اختار الباحثان وحدة معاينة الدراسة من ذوي الخبرة والمعرفة واساتذة جامعيين وصحفيين ومحللين سياسيين واجتماعين وفنيين من مختلف شرائح المجتمع الاردني، والذين تم تحديدهم بناءً على دراسة استطلاعية قام بها الباحث قبل توزيع استبانات الدراسة، وقد تم تصميم استبانة مخصصة لغايات جمع بيانات الدراسة من وحدة المعاينة، حيث تكونت الاستبانة من (68) فقرة لتجيب على أسئلة الدراسة من خلال استطلاع أراء مفردات وحدة المعاينة، تم توزيع (100) استبانة، وتم استرجاع (92) استبانة أي بنسبة (92%) من مجموع …


Investor Knowledge And Investment Barriers., Steven Doman Jul 2010

Investor Knowledge And Investment Barriers., Steven Doman

Student Works (2010-2019)

The world of investing in the various products related to the stock and bond markets is confusing for many people. This is a problem since financial investments often represent a large portion of an individual’s personal assets. As regulators begin to search for answers about what caused the economic crisis of 2008-2009 and try to pass regulations that will prevent it from happening again, investors will continue to look to the products of investment firms to help accomplish their financial goals. Unfortunately for investors, many will continue to choose investments based on very limited personal knowledge. Investment firms will in …


توظيف قابليات إدارة الأزمة للحد من آثار الانحدار التنظيمي : الدور التفاعلي للقيادة التحويلية, صالح عبد الرضا رشيد, عامر علي حسين العطوي Jul 2010

توظيف قابليات إدارة الأزمة للحد من آثار الانحدار التنظيمي : الدور التفاعلي للقيادة التحويلية, صالح عبد الرضا رشيد, عامر علي حسين العطوي

Muthanna Journal of Administrative and Economics Sciences

تتسم بيئة الاعمال المعاصرة بالتغيرات المتسارعة في جميع عناصرها التكنولوجية، والسياسية والاجتماعية وغيرها، والتي بدورها فرضت تحديات وازمات متواصلة. يتوقف نجاح المنظمات واستمرار بقاءها على قدرتها على التعامل مع تلك التحديات والازمات. ولا يكاد يمر اسبوع لا نقرأ او نسمع فيه عن منظمة تواجه ازمة من نوع ما، على سبيل المثال لا الحصر، تسريح العاملين، عمليات الاستحواذ، عمليات الاندماج، تقليص حجم العمالة وغيرها من الازمات التي تعد مؤشراً لانحدار تلك المنظمات مالم تتمكن من ادارتها بطريقة فاعلة تمكنها من اجتيازها وتقليل الخسائر الناجمة عنها الى ادنى حد ممكن. وتعتمد الادارة الفاعلة للازمات في جانب مهم منها على سلوك قادة المنظمات …


أثر عمليات إدارة المعرفة في متطلبات الإدارة الإلكترونية لدى الموظفين العاملين في الجامعات الفلسطينية : دراسة تطبيقية على الجامعة الإسلامية بغزة وجامعة الازهر بغزة, علي عبد الله الحاكم, خلود عطية احمد الفليت Jul 2010

أثر عمليات إدارة المعرفة في متطلبات الإدارة الإلكترونية لدى الموظفين العاملين في الجامعات الفلسطينية : دراسة تطبيقية على الجامعة الإسلامية بغزة وجامعة الازهر بغزة, علي عبد الله الحاكم, خلود عطية احمد الفليت

Muthanna Journal of Administrative and Economics Sciences

هدفت هذه الدراسة إلى التعرف على أثر عمليات إدارة المعرفة على متطلبات الإدارة الالكترونية لدى الموظفين العالمين في الجامعة الإسلامية وجامعة الازهر. وطرحت سؤال رئيس وهو: ما هو أثر عمليات إدارة المعرفة في متطلبات الإدارة الإلكترونية لدى الموظفين العاملين في الجامعات الفلسطينية؟؟ وتم اختيار الجامعة الإسلامية وجامعة الازهر في غزة لإجراء الدراسة عليها. و تم الاعتماد على المنهج الوصفي التحليلي لملائمته الظاهرة محل الدراسة، وتم تصميم استبيان أعد خصيصاً لتحقيق اهادف هذه الدراسة، حيث تم الاعتماد على طريقة العينة العشوائية الطبقية، حيث تم توزيع (180) استبانة على مجتمع الدراسة وتم الحصول على (160) استبانة صالحة للتحليل بنسبة استرداد (88.9%)، وتوصلت …


Off The Cliff And Back? Credit Conditions And International Trade During The Global Financial Crisis, Davin Chor, Kalina Manova Jul 2010

Off The Cliff And Back? Credit Conditions And International Trade During The Global Financial Crisis, Davin Chor, Kalina Manova

Research Collection School Of Economics

We study the collapse of international trade flows during the global financial crisis using detailed data on monthly US imports. We show that credit conditions were an important channel through which the crisis affected trade volumes, by exploiting the variation in the cost of capital across countries and over time, as well as the variation in financial vulnerability across sectors. Countries with higher interbank rates and thus tighter credit markets exported less to the US during the peak of the crisis. This effect was especially pronounced in sectors that require extensive external financing, have limited access to trade credit, or …