Search results for "Spillover"
showing 10 items of 114 documents
Another Look at Value and Momentum: Volatility Spillovers
2017
This paper examines volatility interdependencies between value and momentum returns. Using U.S. data over the period 1926-2015, we document persistent periods of low and high volatility spillovers between value and momentum strategies. Moreover, we find that the intensity of the volatility spillovers may change substantially in very short periods of time and that these shifts in spillover intensity can be linked to prominent economic events and financial market turmoil. Our results further demonstrate that value returns increase and momentum returns decrease monotonically with increasing volatility spillovers between the two strategies. Given this linkage between spillover intensity and ret…
Potential of contemporary evolution to erode fishery benefits from marine reserves
2016
Marine reserves are valued for their ecological role: protecting fish populations from overharvesting while, at the same time, potentially maintaining fisheries yields via recruitment effects (net export of pelagic eggs and larvae) and spillover (net export of post-settled juveniles and mature fish) across reserve borders. Focussing on the spillover effect, we argue that when fitness of the protected individuals depends on the relative size of their home ranges compared to the reserve size, and home range size is a property of the individuals, rapid local adaptation might occur in favour of individuals with smaller home ranges. Individuals that avoid fishing mortality by spending most of th…
Entrepreneurial ecosystems, knowledge spillovers, and their embeddedness in the sport field: a bibliometric and content analysis
2020
The aim of this article is to review the emerging research on entrepreneurial ecosystems and knowledge spillovers in general, and in the sport field in particular through bibliometric and content a...
Spillover outcomes of job insecurity: differences among men and women (Consecuencias indirectas de la inseguridad laboral: diferencias entre hombres …
2021
A vast literature on job insecurity can be found. However, there are still several significant research gaps. Little attention has been paid to the spillover effect of job insecurity on employees’ ...
The knowledge spillover effect of crowdfunding
2020
Knowledge exerts a positive indirect effect on the external environment. However, not all innovations are transferred to companies and society to allow such an effect to occur. Given the existence ...
Matching across space: evidence from Finland
2005
This paper studies spatial aspects in local labour markets in Finland from the perspective of a matching approach. The monthly data comprise 173 Local Labour Office are as over a 12-year period between January 1991 and August 2002. The basic matching function is extended to account for spatial spill-overs between the local labour markets. The role of population density in the matching process is also examined. According to results, the Finnish local labour markets suffer from a strong congestion effect among job seekers, and spatial spill-overs even strengthen the congestion. An open vacancy is filled much easier than a job seeker is employed. The results show that the matching efficiency i…
On International Spillovers, Economics Letters
2012
International audience
Disparités géographiques et convergence des régions européennes : une approche par l'économétrie spatiale
2002
The aim of this dissertation is to analyze the convergence process between European regions by taking into account spatial patterns of economic activities. First, with the help of literature reviews on theoretical and empirical analyses of growth and convergence and on economic geography models, we show in chapter 1 why geographic disparities should be introduced in the study of convergence between economies. Next, the spatial statistic and econometric tools allowing to reach this goal are detailed in chapter 2. Finally, three empirical studies of the convergence process in presence of geographic disparities are carried out. They are based on a sample for per capita GDP of 138 regions, belo…
Inter-industry job mobility in the knowledge economy in Finland
2013
Purpose – The purpose of this paper is to investigate inter-industry labor mobility, paying special attention to workers who move into high-tech (HT) sectors or knowledge-intensive business services (KIBSs). This study inquires whether skilled workers are mobile and whether the characteristics of mobile workers support the effective transfer of knowledge across industries. Design/methodology/approach – Census data representing 7 percent of Finnish residents were used. The micro-econometric estimation method with correction of sample selection bias was applied. Findings – The results show that young workers are the most mobile, whereas mobility decreased for those with previous work experie…
Does EU cohesion policy work? Theory and evidence
2017
This paper evaluates the effectiveness of European Cohesion Policy in the regions of 12 EU countries in the period 1991–2008, on the basis of a spatial growth model, which allows for the identification of both direct and indirect effects of EU funds on GDP per worker growth. We find that “Objective 1” funds are characterized by strong spatial externalities and a positive and concave effect on the growth of GDP per worker, which reaches a peak at the ratio funds/GDP of approximately 3 percent and becomes non-significant after 4 percent. “Objective 2” and “Cohesion” funds have nonsignificant effects, while all the other funds exert a positive and significant effect, but their size is very lim…