Search results for "Econometric"
showing 10 items of 3780 documents
Good and useless FDI: The growth effects of greenfield investment and mergers and acquisitions
2017
We explore the effect of foreign direct investment (FDI) on economic growth, distinguishing between mergers and acquisitions (M&As) and “greenfield” investment. A simple model underlines that, unlike greenfield investment, M&As partly represent a rent accruing to previous owners, and do not necessarily contribute to expanding the host country's capital stock. Greenfield FDI should therefore have a stronger impact on growth than M&A sales. This hypothesis is supported by our empirical results that are based on a panel of up to 127 industrialized, emerging, and developing countries over 1990 to 2010.
Direct and indirect knowledge spillovers and industrial productivity
2016
AbstractThis paper analyses the importance of externalities related to the spread of innovation across sectors. Such spillover effects arise from R&D activities and input–output (IO) linkages among sectors in the country. We borrow Spatial Econometrics techniques to make consistent estimates of the impact of these systematic direct and indirect spillovers on sector’s productivity and the possibility of other types of productivity spillovers in the error term. We find that direct spillovers emanating from IO horizontal linkages determine sector’s productivity, while the indirect effects prove to be negligible. Furthermore, the technological intensity of IO linkages and the productive structu…
贝叶斯因子及其在JASP中的实现
2018
Statistical inference plays a critical role in modern scientific research, however, the dominant method for statistical inference in science, null hypothesis significance testing (NHST), is often misunderstood and misused, which leads to unreproducible findings. To address this issue, researchers propose to adopt the Bayes factor as an alternative to NHST. The Bayes factor is a principled Bayesian tool for model selection and hypothesis testing, and can be interpreted as the strength for both the null hypothesis H0 and the alternative hypothesis H1 based on the current data. Compared to NHST, the Bayes factor has the following advantages: it quantifies the evidence that the data provide for…
Brand impact on purchase intention. An approach in social networks channel
2012
Networks are an exciting new channel that brands should use for promoting a more participatory and proactive context with a user, increasingly elusive and restrictive, that takes decisions based on the impulses generated by networkers. We propose a model adapted to the reality studied and composed by several models and theories that have got widespread support in the literature. In this paper, the goal is threefold, in response to a consumer perspective: (i) measuring the efficiency, in social networks, of the constructs selected regarding the attitude towards network and the intention to use, (ii) measuring the influence of attitude toward the net in the attitude toward the brand in terms…
[Loyauté des transactions sur un marché relatif aux attributs de croyance : une analyse appliquée aux produits agro-alimentaires]
2001
International audience; Après avoir décliné la typologie des caractéristiques des produits en termes d'attributs de recherche, d'expérience et de croyance, les auteurs soulignent les mécanismes susceptibles d'assurer l'efficacité des transactions marchandes. Afin de cerner les enjeux liés à la loyauté des transactions dans le cas des attributs de croyance, ils montrent à l'aide d'un jeu simple, le caractère crucial des phases de définition, de vérification et de signalement, ces dernières nécessitant généralement l'intervention d'agents extérieurs à la transaction marchande.
Do Firms Share the Same Functional Form of Their Growth Rate Distribution? A New Statistical Test
2011
We propose a hypothesis testing procedure to investigate whether the same growth rate distribution is shared by all the firms in a balanced panel or, more generally, whether they share the same functional form for this distribution, without necessarily sharing the same parameters. We apply the test to panels of US and European Union publicly quoted manufacturing firms, both at the sectoral and at the subsectoral NAICS levels. We consider the following null hypotheses about the growth rate distribution of the individual firms: i) an unknown shape common to all firms, with all the firms sharing also the same parameters, or with the firm variance related to its firm size through a scaling rela…
Reconsidering learning by exporting
2012
Self-selection and learning by exporting are the main explanations for the higher productivity of exporting firms. But, whereas evidence on self-selection is largely undisputed, results on learning by exporting are mixed and far from conclusive. However, recent research by De Loecker (J Int Econ 73(1):69–98, 2007) has shown that the conclusions from previous learning by exporting studies may have been driven by strong assumptions about the evolution of productivity and the role of export status. Relaxing these assumptions turns out to be critical to find evidence of learning by exporting in a representative sample of Spanish manufacturing firms. Our results indicate that the yearly average …
A method for calculating the crowding-out effect in sport mega-event impact studies: The 2010 FIFA World Cup
2011
Tourist expenditures constituted the largest part of the economic impact of South Africa's 2010 FIFA Football World Cup. However, limited air transport capacity and increased accommodation prices may have led to crowding-out effects. Until now, crowding-out could only be considered by using econometric modelling based on data of inbound arrival or accommodation statistics. This paper suggests a methodology for measuring the crowding-out effect precisely. It is based on the available statistics in South Africa and is applicable at province level. An important innovation is to distinguish crowding-out from time-switching effects. The paper explains the theoretical framework of crowding-out as…
The Stock Market Reaction to the Enron-Andersen Affair in Spain
2006
2Universidad Jaume I de Castellon This paper investigates whether listed Spanish companies audited by Andersen have suffered any negative economic impact due to the scandal surrounding Andersen’s work in Enron Corporation. To that end, we have measured the economic consequences, if any, of Andersen’s loss of reputation by examining the reaction in terms of movements in the stock prices of its client companies using an event study methodology. We have analysed abnormal returns on the stock prices of all firms listed in the Spanish Interconnected Market around two event dates: the date of Andersen’s public admission that it had destroyed significant financial documents related to Enron Corp. …
Potential and competitiveness of EU countries in terms of slaughter livestock production
2019
: Models and methods of spatial econometrics are gaining more and more popularity. Their advantage is the opportunity to examine the interrelationships between individual territorial units. These methods, apart from the own potential of the region, take into account the impact of neighbouring objects and location in space. The aim of the study is to examine the relationship between the potential and the level of competitiveness of individual European Union countries in the field of slaughter cattle production. In addition, the paper attempts to determine the specialisation of individual EU countries in the production of slaughter animals by sector. The analysis covered the years 2010–2016, …