Search results for "Econometrics"
showing 10 items of 3730 documents
Do fee-shifting rules affect plaintiffs’ win rates? A theoretical and empirical analysis
2021
Abstract This article studies whether fee-shifting rules can affect plaintiffs’ win rates. Beyond theoretical modeling, this study goes a step further and provides empirical evidence on this issue, thanks to the study of a real change in Spanish legislation. Spain applied the so-called English rule in 2011 in the administrative jurisdiction. This study explores whether plaintiffs were more or less successful when litigating against public administrations since then. After controlling for several other factors, it is shown that the new rule considerably increased plaintiffs’ win rate (while also reducing litigation). The paper also presents a theoretical model explaining that the English rul…
Several Contemporary Economy Features, Consequences of Internet Expansion and I.C.T. Innovations in the World
2019
Abstract The Internet has reach half of the population of the planet and in the latest three years more than 700 millions users came on line from the emerging world. Most of them are coming now from the poorer population. This it may be a turning point for their economic development. This paper attempts to outline some possible future developments of the contemporary economy within the new digital transformation and development of internet firms in emerging markets, some of the pluses and minuses, some of the opportunities and threats brought by the expansion of the Internet and information and communication technologies at different levels. We will present some significant aspects about th…
Financial contagion through space-time point processes
2020
AbstractWe propose to study the dynamics of financial contagion by means of a class of point process models employed in the modeling of seismic contagion. The proposal extends network models, recently introduced to model financial contagion, in a space-time point process perspective. The extension helps to improve the assessment of credit risk of an institution, taking into account contagion spillover effects.
A competing risks tale on successful and unsuccessful fiscal consolidations
2019
Abstract This paper analyses the transitions out of fiscal consolidations using annual data for 17 industrial countries over the period 1975-2013 and applying a discrete-time competing risks duration model. Our approach allows us to distinguish the factors behind a successful or an unsuccessful end of fiscal consolidation episodes. The results show that economic and political factors, the size and typology of fiscal adjustments and the occurrence of crises explain the differences in the length and the success/failure of fiscal consolidations. Moreover, while fiscal adjustment programmes that end successfully display positive duration dependence, those that end in an unsuccessful manner are …
Cross-cultural measurement invariance of the General Health Questionnaire-12 in a German and a Colombian population sample
2017
While the General Health Questionnaire, 12-item version (GHQ-12) has been widely used in cross-cultural comparisons, rigorous tests of the measurement equivalence of different language versions are still lacking. Thus, our study aims at investigating configural, metric and scalar invariance across the German and the Spanish version of the GHQ-12 in two population samples. The GHQ-12 was applied in two large-scale population-based samples in Germany (N = 1,977) and Colombia (N = 1,500). To investigate measurement equivalence, confirmatory factor analyses were conducted in both samples. In the German sample mean GHQ-12 total scores were higher than in the Colombian sample. A one-factor model …
Schatten über der Schwarzarbeit
2008
Die Diskussion uber Messung, Grosenordnung und Konsequenzen der Schwarzarbeit steht bereits deshalb unter einem Schatten, der den Blick dafur truben kann, weil Enste und Schneider trotz jahrelanger Befassung mit dem Thema Schwarzarbeit und Schattenwirtschaft nicht systematisch zu unterscheiden vermogen. Ihre Schatzungen fur die Dimension des Phanomens beruhen zudem generell auf wissenschaftlich nicht haltbaren Vorgehensweisen, die sie gleichwohl repetitiv anwenden. Die unterstellten Einnahmenverluste beim Staat ergeben sich im Ubrigen lediglich bei Vernachlassigung mikrookonomisch bedeutsamer Budgetrestriktionen sowie durch Auserachtlassung zwingender makrookonomischer Kreislaufzusammenhang…
Die volkswirtschaftliche Bedeutung von Schwarzarbeit
2007
Die Schwarzarbeit wird in der finanzpolitischen Diskussion in Deutschland als volkswirtschaftlich gewichtig angesehen, und es werden ihr erhebliche Einnahmenverluste des Staates zugeschrieben. Die vorliegende Arbeit hinterfragt diese Behauptungen. Nach einer Definition der Schwarzarbeit und ihrer Abgrenzung gegenuber ahnlichen Sachverhalten wird die unterstellte volkswirtschaftliche Bedeutung zuruckgewiesen. Auserdem lasst sich im Rahmen einer konsistenten okonomischen Analyse zeigen, dass dem Staat durch Schwarzarbeit keinerlei Einnahmeausfalle entstehen. Nach allem ist das Ausmas der Schwarzarbeit in Deutschland gering, wobei gleichwohl allokative Wirkungen der Schwarzarbeit nicht auszusc…
Instituciones y determinación de los salarios en la zona del euro. Evaluación con técnicas de cointegración de panel
2016
Se estima aqui la ecuacion del salario de equilibrio para la zona del euro en 1995-2011 con tecnicas de cointegracion de panel que permiten dependencia transversal y rupturas estructurales. Como se esperaba, los salarios presentan una relacion positiva con la productividad y negativa con el desempleo. Las variables institucionales incluidas muestran correlacion entre flexibilidad y moderacion salarial. Ademas, desde 2004, la mayor competencia internacional reforzo la relacion entre salarios y productividad, y la apreciacion del tipo de cambio provoco una caida salarial. Los resultados indican tambien que la intervencion gubernamental y la concertacion social tienden a moderar los salarios.
Interventions with Sticky Social Norms: A Critique
2021
Abstract We study the consequences of policy interventions when social norms are endogenous but costly to change. In our environment, a group faces a negative externality that it partially mitigates through incentives in the form of punishments. In this setting, policy interventions can have unexpected consequences. The most striking is that when the cost of bargaining is high, introducing a Pigouvian tax can increase output—yet in doing so increase welfare. An observer who saw that an increase in a Pigouvian tax raised output might wrongly conclude that this harmed welfare and that a larger tax increase would also raise output. This counter-intuitive impact on output is demonstrated theore…
La solvencia de las entidades de crédito españolas. Un análisis con datos de panel
2016
Resumen Este trabajo estudia los determinantes que han influido en la solvencia de las entidades de credito espanolas. Se contrastan 8 hipotesis con datos obtenidos de las cuentas anuales de las entidades de credito que cubren desde el ano 2004 al 2011. Se utilizan 2 metodologias para el contraste de las hipotesis. Para las 6 primeras se utilizan modelos econometricos de datos de panel no balanceados. Entre los resultados se constata que la dependencia de los mercados mayoristas, la situacion socioeconomica que ha llevado al incremento de la morosidad y de los deterioros, contribuyen de forma negativa en la solvencia. La cartera de activos, las inversiones inmobiliarias, el apalancamiento, …