Search results for "econometric analysis"

Foreign direct investment attraction in the Baltic States

2014

This paper considers the importance of macroeconomic factors as well as investment climate for foreign direct invest­ ment attraction in the Baltic states. It reviews some of the indicators for measuring the investment climate and their usefulness as indicators of strength of FDI attraction and uses the results of econometric analysis to consider relative importance of various macroeconomic factors. The results suggest that perceptions of corruption and fiscal policy are some of the more important drivers of FDI attraction. The paper also considers several measures that could improve foreign direct investment attraction in the Baltic States such as expanding the protection of property right…

Basel III: Countercyclical Capital Buffer Proposal-the Case of Baltics

2014

Abstract The objective of countercyclical capital buffer is to encourage banks to build up buffers in good times that can be drawn down in bad times. The aim of the report is to assess such decisions by banks derived from two approaches. The approaches are the aggregate credit-to-GDP ratio as well as credit growth. The approaches are implemented for Estonia, Latvia and Lithuania for the time period 2000–2012. The report compares two approaches and analyses their relevance to the Baltic states by testing the correlation between a growth in studied variables and a growth of corresponding gaps. Methods used in the empirical part of the report are econometric analysis as well as economic analys…

A microeconometric analysis of the springboard subsidiary: The case of Spanish firms

2015

Abstract This paper provides a microeconometric analysis of the distinctive characteristics of springboard subsidiaries that have a positive impact on the subsidiaries’ performance. Based on panel data estimations for subsidiaries of European multinational companies with a presence in Spain, the authors found that if the subsidiary is located in the springboard country, then the performance improvement (increase in profit margin) of the subsidiary is about 49 percentage points. When the Spanish subsidiary is considered a springboard subsidiary, its performance is 7.7 percentage points higher than the performance of other subsidiaries that are not springboard subsidiaries. If the subsidiary …

Empirical tests of the multicentric urban models

1999

Since the seventies the effects of city size growth and diversification of economic activities on the multipolarisation of economic activities have questioned the theoretical and empirical appropriateness of the monocentric urban pattern to explain and describe the spatial organization of the modern metropolitan areas. New assumptions were based on multicentric and nonmonocentric urban economics models, which have become the core of new economic geography analysis during the nineties. At the same time, a lot of empirical studies have attempted to describe the urban economic patterns of North American metropolitan areas. Using this empirical literature, the aim of this paper is to propose a …

Money and the natural rate of interest: structural estimates for the United States and the Euro area

2008

We examine the role of money, allowing for three competing environments: the New Keynesian model with separable utility and static money demand; a non-separable utility variant with habit formation; and a version with adjustment costs for holding real balances. The last two variants imply forward-looking behavior of real money balances, as it is optimal for agents to allow their forecast of future interest rates to affect current portfolio decisions. We distinguish between these specifications by conducting a structural econometric analysis for the U.S. and the euro area. FIML estimates confirm the forward-looking character of money demand. Using these estimates we find that, in response to…

Do nonreciprocal preferential trade agreements increase beneficiaries' exports?

2014

Abstract This paper investigates whether and to what extent nonreciprocal preferential trade agreements (NRPTAs) have increased developing countries' exports to richer countries. Using recent developments in the econometric analysis of the gravity equation over the period 1960–2008, we find robust evidence that, on the whole, NRPTAs and the Generalized System of Preferences have had an economically significant effect on exports from developing countries. However, the estimation of catch-all dummies masks heterogeneous results for the individual programs.

Using Survival Models with Individual Data

2007

Since there exists in this literature a common interest to unravel the sources of both permanence in the self-employment status and firm survival, the present chapter is devoted to provide guidelines to applied researchers about which methods are suitable for any particular application related to self-employment and firm survival. Further, it should be noted that the econometric analysis of survival (duration) is a very wide field, and that the modest aim of the following sections in this chapter is to introduce the reader to such kind of econometric analysis.

An empirical analysis of online price dispersion in the Italian airline industry

2015

Firms operating in the electronic marketplace set and adjust prices to affect demand and profitability. In service markets, such as airline markets, different prices are commonly offered by diverse firms to accommodate to a variety of market segments having particular sets of consumer attitudes. This variation in prices is the price dispersion and is based on market distinctiveness deriving from customer heterogeneity as well as the peculiar competition in the specific market arena. In this paper we use a panel dataset from the Italian airline market to investigate the role of competition and different online channels in the emergence of price dispersion. Specifically, we examine the unclea…

Factors influencing success in the Italian app markets: an empirical analysis

2014

Understanding the Drivers of the Daily App Rank: The Role of Revenue Models

2015

In this paper, based on data from two major app stores (Apple Store and Google Play), we study the role of several revenue models adopted by developers in the success of an app measured in terms of daily rank.