Search results for "Econometric"

The Returns to Education in Rwanda

2005

05077; International audience; Based on data from the 1999–2001 Household Living Conditions Survey conducted by the Ministry of Finance and Economic Planning, we estimate wage equations for employees in Rwanda, treating the choice of employment sector as an endogenous process and making separate estimates for workers in the modern and traditional sectors of the economy. The results show that returns to education increase with the level of education, contrary to the pattern typically reported in the literature and that the returns to higher education is particularly high in Rwanda. A noteworthy feature in the results is that the returns to education are quite different across sectors of empl…

Predictores y efectos de la repetición de curso

2018

About a third of Spanish students will have repeated at least one school year by the time they reach 16. It is claimed that alternative policies top grade repetition should seek to provide individualised treatment and ensure early intervention. In Spain, while there is empirical evidence in support of the benefits of the former, there is little for the latter. Here, we fill this gap by combining data from two international assessments. We identify the profile of students who a) are at greatest risk of grade retention and b) are most negatively affected by the policy. Our results confirm the importance of early intervention and the need to rethink grade repetition as a one-size-fits-all poli…

Personality traits and unemployment: Evidence from longitudinal data

2012

This study contributes to the literature on how personality is related to labour market success by providing evidence on the relationship between personality traits and unemployment. After accounting for reverse causality and measurement error, our results suggest that higher openness was associated with increased cumulative unemployment at the prime working age. It seems that this connection occurs because individuals with higher openness enter into unemployment spells more frequently – not because their unemployment spells would be particularly long. peerReviewed

From Revolution to Elections. A Comparative Analysis of Tunisia and Egypt

2017

AbstractPolitical participation is far from being a trivial issue. The focus of this paper will be on two dissimilar acts of political participation in the context of the Arab Spring: revolution and elections. In detail, I will first describe participants in revolution and elections – who they are and why they do participate – to then analyse the link (if any) between revolution and electoral participation. This study will develop a comparison between the cases of Tunisia and Egypt. The findings will illustrate that Tunisian insurgents are more likely to vote in post-revolution elections when compared to their Egyptian fellows, and that this is consistent with the events in the aftermath of…

Informācijas stratēģiskā loma apdrošināšanā

2004

Expectations and forward risk premium in the Spanish deregulated power market

2010

Abstract Deregulation in energy markets has entailed important changes in the way agents conduct business. Price risk arises as a result of fluctuations in the future price of electricity and agents assume long or short positions in the forward and spot markets to hedge their exposure to price risk. The presence of forward risk premium in prices is evidence of the fact that agents act in the market according to risk considerations. This work aims to analyse the information content of the difference between the forward and spot prices (the so-called forward premium) regarding the agents’ decisions. We find that the sign and magnitude of the ex post forward premium depend on the unexpected va…

Risk Assessment of Toxicants to Pelagic Food-Webs: A Simulation Study

1991

For a generalized mathematical model of the pelagic compartment of a lake ecosystem we show that a small variance in input parameters may result in a large variance in predicted biomasses. Since input parameters for this kind of models always show a great variance, we conclude that deterministic prediction of biomass-trajectories is rather useless and demonstrate how stochastic analysis of the model may lead to a helpful risk analysis.

Alone at home

2008

Recently there has been much public discussion about children spending long afternoons alone at home. It has been claimed that spending a lot of time alone makes children vulnerable to many kinds of risk behaviour, such as smoking, use of alcohol and drugs, depression and poor school performance. Concerns have also been voiced about children’s unsupervised television watching, playing of computer games and surfing on the Internet. Yet, do we actually know how long the times are that children do spend alone at home and what do they do during that time? The purpose of this paper is to study how much time youngsters in Finland spend alone at home, who are the youngsters who are alone and what …

Dynamics of Lending Rates in the Baltic Countries: Influence of Funding Costs of Banks and Risk Factors

2017

In the Baltic countries, lending rates have been among the highest in the euro area mainly reflecting national differences in the market structure as well as relatively strict credit standards applied by banks in response to the changes in their perception of risk. In this context, the deeper econometric analysis could provide additional information about the common and diverging aspects of the dynamics of lending rates in the Baltic countries. Therefore, the aim of the paper to explore the pass-through of funding costs of banks to lending rates in different lending segments in the Baltic countries during the period of 2005–2015 taking in account risk considerations. To reach the set aim, a…

A dynamic analysis of SP 500, FTSE 100 and EURO STOXX 50 indices under different exchange rates.

2018

In this study, we assess the dynamic evolution of short-term correlation, long-term cointe-gration and Error Correction Model (hereafter referred to as ECM)-based long-term Granger causality between each pair of US, UK, and Eurozone stock markets from 1980 to 2015 using the rolling-window technique. A comparative analysis of pairwise dynamic integration and causality of stock markets, measured in common and domestic currency terms, is conducted to evaluate comprehensively how exchange rate fluctuations affect the time-varying integration among the S&P 500, FTSE 100 and EURO STOXX 50 indices. The results obtained show that the dynamic correlation, cointegration and ECM-based long-run Gra…