Search results for "C23"
showing 9 items of 39 documents
Testing for hysteresis in unemployment in OECD countries. New evidence using stationarity panel tests with breaks†
2006
This paper tests hysteresis effects in unemployment using panel data for 19 Organization for Economic Co-operation and Development (OECD) countries covering the period 1956–2001. The tests exploit the cross-sectional variations of the series, and additionally, allow for a different number of endogenous breakpoints in the unemployment series. The critical values are simulated based on our specific panel sizes and time periods. The findings stress the importance of accounting for exogenous shocks in the series and support the natural-rate hypothesis of unemployment for the majority of the countries analysed.
Political risk and export promotion: evidence from Germany
2008
Political risk represents an important hidden transaction cost that reduces international trade. This paper investigates the claim that German public export credit guarantees (Hermes guarantees) mitigate this friction to trade flows and hence promote exports. We employ an empirical trade gravity model, where we explicitly control for political risk in the importing country in order to evaluate the effect of export guarantees. The idea behind export promotion through public export credit agencies (ECAs) is that the private market is unable to provide adequate insurance for all risks associated with exports. As a consequence, firms' export activities are limited in the absence of insurance pr…
Endoplasmic Reticulum stress reduces COPII vesicle formation and modifies Sec23a cycling at ERESs
2013
AbstractExit from the Endoplasmic Reticulum (ER) of newly synthesized proteins is mediated by COPII vesicles that bud from the ER at the ER Exit Sites (ERESs). Disruption of ER homeostasis causes accumulation of unfolded and misfolded proteins in the ER. This condition is referred to as ER stress. Previously, we demonstrated that ER stress rapidly impairs the formation of COPII vesicles. Here, we show that membrane association of COPII components, and in particular of Sec23a, is impaired by ER stress-inducing agents suggesting the existence of a dynamic interplay between protein folding and COPII assembly at the ER.
More hours, more jobs? The employment effects of longer working hours
2014
Increases in standard hours of work have been a contentious policy issue in Germany. Whilst this might directly lead to a substitution of workers by hours, there may also be a positive employment effect due to reduced costs. Moreover, the response of firms may differ between firms that offer overtime and those that do not. For a panel of German plants (2001–2006) drawn from the IAB Establishment Panel, we are the first to analyse the effect of increased standard hours on employment. Using difference-in-difference methods we find that, consistent with theory, overtime plants showed a significant positive employment response, whilst for standard-time plants there is no difference between plan…
Testing the Sobolev property with a single test plan
2020
We prove that in a vast class of metric measure spaces (namely, those whose associated Sobolev space is separable) the following property holds: a single test plan can be used to recover the minimal weak upper gradient of any Sobolev function. This means that, in order to identify which are the exceptional curves in the weak upper gradient inequality, it suffices to consider the negligible sets of a suitable Borel measure on curves, rather than the ones of the $p$-modulus. Moreover, on $\sf RCD$ spaces we can improve our result, showing that the test plan can be also chosen to be concentrated on an equi-Lipschitz family of curves.
Les effets macroéconomiques sur la productivité et les prix de vastes réformes structurelles sur les marchés des biens et du travail
2015
La présente analyse vise à caractériser les effets « directs » et « indirects » des régulations sur le marché des biens ainsi que les effets des régulations sur le marché du travail, sur la productivité et sur les prix. L’analyse est empirique et réalisée via des estimations sur un panel de quatorze pays sur la période 1987-2007, et quand cela est possible sur des donnés sectorielles (treize secteurs manufacturiers et cinq secteurs des services et réseaux). Au terme de ces estimations, il est possible de caractériser les effets de la mise en oeuvre de réformes structurelles. Les réformes structurelles consistent ici en une baisse des indicateurs de régulations sur les marchés des biens et d…
Expectations as Reference Points: Field Evidence from Professional Soccer
2015
We show that professional soccer players and their coaches exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that players breach the rules of the game, measured by the referee’s assignment of cards, significantly more often if their teams are behind the expected match outcome, measured by preplay betting odds of large professional bookmakers. We further show that coaches implement significantly more offensive substitutions if their teams are behind expectations. Both types of behaviors impair the expected ultimate match outcome of the team, which shows that our findings do not si…
On international spillovers
2012
Abstract This study investigates the role of international spillovers in generating productivity gains for a panel of 24 OECD countries during the period between 1971 and 2004. We use recent techniques developed in a common factor framework to characterize the global interdependence implied by international spillovers and the diffusion mechanisms involved. Consistently with some recent studies in this field, the evidence suggests that there are substantial cross-country spillovers mainly related to R&D and human capital variables, which contribute significantly to productivity.
On one-dimensionality of metric measure spaces
2019
In this paper, we prove that a metric measure space which has at least one open set isometric to an interval, and for which the (possibly non-unique) optimal transport map exists from any absolutely continuous measure to an arbitrary measure, is a one-dimensional manifold (possibly with boundary). As an immediate corollary we obtain that if a metric measure space is a very strict $CD(K,N)$ -space or an essentially non-branching $MCP(K,N)$-space with some open set isometric to an interval, then it is a one-dimensional manifold. We also obtain the same conclusion for a metric measure space which has a point in which the Gromov-Hausdorff tangent is unique and isometric to the real line, and fo…