Now showing items 1-10 of 121
Optimal Resource Rent
(2013-03-01)
This paper develops the first systematic attempt to model and empirically estimate the concept of optimal resource renting. Optimal rent is found to be positively affected by increases in the recession buffer and resource ...
Catching-up and inflation in Europe: Balassa-Samuelson, Engel’s Law and other Culprits
(2010-06-01)
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, ...
Stock Market Comovements in Central Europe: Evidence from Asymmetric DCC Model
(2012-08-01)
We examine time-varying stock market comovements in Central Europe employing the asymmetric dynamic conditional correlation multivariate GARCH model. Using daily data from 2001 to 2011, we find that the correlations among ...
YOUTH EMPLOYMENT IN AFRICA: NEW EVIDENCE AND POLICIES FROM SWAZILAND
(2013-06-01)
Drawing on the 2007 and 2010 Swaziland Labor Force Surveys, this paper provides first systematic evidence on recent youth employment challenges in Swaziland, a small, land-locked, middle-income country with one of the ...
The Efficiency and Equity of the Tax and Transfer System in France
(2013-04-01)
Taxes and cash transfers reduce income inequality more in France than elsewhere in the OECD, because of the large size of the flows involved. But the system is complex overall. Its effectiveness could be enhanced in many ...
Soverign Wealth Fund Issues and the National Fund(s) of Kazakhstan
(2012-08-01)
This paper first describes the major concerns associated with SWFs, mainly revolving around state ownership and lack of transparency. It then focuses on the National Fund for the Future of Kazakhstan (the “oil fund”, or ...
Price Jump Indicators: Stock Market Empirics During the Crisis
(2013-06-01)
We analyze the behavior and performance of multiple price jump indicators across markets and over time. By using highfrequency stock market data we identify clusters of price jump indicators that share similar properties ...
THE FUNDING AND EFFICIENCY OF HIGHER EDUCATION IN CROATIA AND SLOVENIA: A NON-PARAMETRIC COMPARISON WITH EU AND OECD COUNTRIES
(2011-01-01)
The paper applies a non-parametric approach, i.e. data envelopment analysis (DEA), to assess the relative technical efficiency of higher education across countries, with a particular focus on Croatia and Slovenia. When ...
Ailing Mothers, Healthy Daughters? Contagion in the Central European Banking Sector
(2014-01-01)
Foreign-dominated banking sectors, such as those prevalent in Central and Eastern Europe, are susceptible to two major sources of systemic risk: (i) linkages between local banks and (ii) linkages between a foreign mother ...
Bridging the Gender Gap in Entrepreneurship: Evidence from Europe
(2014-02-01)
There is no gender difference between success in establishing a business once both males and females have the same preference to self-employment and attempts towards establishing a new business. However, the gender gap ...