Search results for "gravity models"
showing 10 items of 12 documents
Understanding german fdi in latin america and asia: a comparison of glm estimators
2020
The growth of Foreign Direct Investment (FDI) in developing countries over the last decade has attracted an intense academic and policy-oriented interest for its determinants. Despite the gravity model being considered a useful tool to approximate bilateral FDI flows, the literature has seen a growing debate in relation to its econometric specification, so that which is the best estimator for the gravity equation is far from conclusive. This paper examines the determinants of German outward FDI in Latin America and Asia for the period 1996-2012 by evaluating the performance of alternative Generalized Linear Model (GLM) estimators. Our findings indicate that Negative Binomial Pseudo Maximum …
German bank lending to industrial and non-industrial countries: driven by fundamentals or different treatment?
2005
This paper shows that the substantial disparity in German bank lending towards industrial (IC) and non-industrial (Non-IC) countries is largely explained by differences in countries' endowments and only to a minor extent by German banks' different treatment of these country groups. This is demonstrated by applying a decomposition technique to an augmented gravity model that is estimated for German foreign lending using a new micro panel data-set on individual claims from the Deutsche Bundesbank covering the period from 1996 to 2002.
Tidal gravity observations at Mt. Etna and Stromboli: Results concerning the modeled and observed tidal factors
2009
Continuous gravity observations performed in the last few years, both at Mt. Etna and Stromboli, have prompted the need to improve the tidal analysis in order to acquire the best corrected data for the detection of volcano related signals. On Mt. Etna, the sites are very close to each other and the expected tidal factor differences are negligible. It is thus useful to unify the tidal analysis results of the different data sets in a unique tidal model. This tidal model, which can be independently confirmed by a modeling of the tidal parameters based on the elastic response of the Earth to tidal forces and the computation of the ocean tides effects on gravity, is very useful for the precise t…
The euro impact on trade. Long run evidence with structural breaks
2012
In this paper we present new evidence on the euro effect on trade. We use a data set containing all bilateral combinations in a panel of 26 OECD countries during the period 1967-2008. From a methodological point of view, we implement a new generation of tests that allow solving some of the problems derived from the non-stationary nature of the data. To this aim we apply panel tests that account for the presence of cross-section dependence as well as discontinuities in the non-stationary panel data. We test for cointegration between the variables using panel cointegration tests, especially the ones proposed by Banerjee and Carrióni- Silvestre (2010). We also efficiently estimate the long-run…
Holographic duals of 6d RG flows
2018
A notable class of superconformal theories (SCFTs) in six dimensions is parameterized by an integer $N$, an ADE group $G$, and two nilpotent elements $\mu_\mathrm{L,R}$ in $G$. Nilpotent elements have a natural partial ordering, which has been conjectured to coincide with the hierarchy of renormalization-group flows among the SCFTs. In this paper we test this conjecture for $G=\mathrm{SU}(k)$, where AdS$_7$ duals exist in IIA. We work with a seven-dimensional gauged supergravity, consisting of the gravity multiplet and two $\mathrm{SU}(k)$ non-Abelian vector multiplets. We show that this theory has many supersymmetric AdS$_7$ vacua, determined by two nilpotent elements, which are naturally …
The geometry of N=3 AdS4 in massive IIA
2018
The geometry of the ${\cal N} = 3$, SO(4)--invariant, AdS$_4$ solution of massive type IIA supergravity that uplifts from the ${\cal N} = 3 $ vacuum of $D=4$ ${\cal N} = 8$ dyonic ISO(7) supergravity is investigated. Firstly, a $D=4$, SO(4)--invariant restricted duality hierarchy is constructed and used to uplift the entire, dynamical SO(4)--invariant sector to massive type IIA. The resulting consistent uplift formulae are used to obtain a new local expression for the ${\cal N} = 3 $ AdS$_4$ solution in massive IIA and analyse its geometry. Locally, the internal $S^6$ geometry corresponds to a warped fibration of $S^2$ and a hemisphere of $S^4$. This can be regarded as a warped generalisati…
The two-loop five-particle amplitude in $\mathcal{N}=8$ supergravity
2019
We compute for the first time the two-loop five-particle amplitude in $\mathcal{N}=8$ supergravity. Starting from the known integrand, we perform an integration-by-parts reduction and express the answer in terms of uniform weight master integrals. The latter are known to evaluate to non-planar pentagon functions, described by a 31-letter symbol alphabet. We express the final result for the amplitude in terms of uniform weight four symbols, multiplied by a small set of rational factors. The amplitude satisfies the expected factorization properties when one external graviton becomes soft, and when two external gravitons become collinear. We verify that the soft divergences of the amplitude ex…
Is the ‘euro effect’ on trade so small after all? New evidence using gravity equations with panel cointegration techniques
2014
In this paper we present new evidence on the aggregate effect of the euro on trade using data for 26 OECD countries for the period 1967–2008. We strive to fill the gaps present in the previous literature through a second-generation panel cointegration tests and estimators that account for both cross-section dependence in the data and discontinuities in the deterministic and the cointegrating vector in the time dimension. This approach allows us to put the adoption of the euro by EMU members in historical perspective. We argue that the creation of the EMU is best interpreted as a progression of policy changes. Once we control for all of them the euro effect decreases considerably but is stil…
The euro impact on trade: long run evidence with structural breaks
2012
In this paper we present new evidence on the euro effect on trade. We use a data set containing all bilateral combinations in a panel of 26 OECD countries during the period 1967-2008. From a methodological point of view, we implement a new generation of tests that allow solving some of the problems derived from the non-stationary nature of the data. To this aim we apply panel tests that account for the presence of cross-section dependence as well as discontinuities in the non-stationary panel data. We test for cointegration between the variables using panel cointegration tests, especially the ones proposed by Banerjee and Carrióni- Silvestre (2010). We also efficiently estimate the long-run…
First-order flows and stabilisation equations for non-BPS extremal black holes
2011
28 páginas.-- This article is distributed under the terms of the Creative Commons Attribution Noncommercial License.