Browsing Economics by Title
Now showing items 1-20 of 314
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Access to Financing and Firm Growth: Evidence from Ethiopia
Using Ethiopian firm-level data, we model the effect of different types of financing on firm growth. The form of financing is potentially endogenous to firm growth, and one contribution of this paper is to introduce a new ... -
The African Credit Trap
We put forward a plausible explanation of African financial underdevelopment in the form of a bad credit market equilibrium. Utilising an appropriately modified IO model of banking, we show that the root of the problem ... -
An Agent-based Model of Interdisciplinary Science and the Evolution of Scientific Research Networks
This study proposes an agent-based model of the impact of research success on the structure of scientific communities. In the model, heterogeneous scientists scattered about a ‘social landscape’ influence each other through ... -
Agent-based modelling of monopsony and the minimum wage
A simple supply and demand argument apparently shows that minimum wage policy, ironically, hurts the workers it is ostensibly aimed at helping, by increasing their chances of unemployment. Stigler (1946) claims that ... -
Aid and Dutch Disease in Sub-Saharan Africa
International aid has an ambiguous effect on the macro-economy of the recipient country. To the extent that aid raises consumer expenditure, there will be some real exchange rate appreciation and a shift of resources away ... -
Aid and Dutch Disease in the South Pacific
The impact of aid inflows on relative prices and output is ambiguous. Aid inflows that increase domestic expenditure are likely to cause real exchange rate appreciation, ceteris paribus. However, if this expenditure raises ... -
Alcohol Expenditure, Generosity and Empathy
Existing studies suggest that alcohol dependency (or recovery from alcohol dependency) is associated with lower levels of empathy and generosity. We present results from a charitable donation experiment which shows that ... -
An Analysis of Public Spending on Education
The substantive part of this thesis comprises three empirical chapters on national-level (total) public spending on education. It encompasses three related topics in Comparative Public (Education) Finance with Wagner’s law ... -
Another tale of two-sided markets
This note generalizes the frequently used Hotelling model for two-sided markets. We demonstrate an invariance theorem: advertisement levels neither depend on the media price nor on the location of the media firm. An increase ... -
ANZUS free trade agreements: results from a global model
When President George W. Bush received ‘fast-track’ trade promotion authority (TPA) in 2002 which, in essence, gives him much greater power to pursue trade negotiations, many economists looked with interest to see where ... -
Are Americans more gung-ho than Europeans? Evidence from tourism in Israel during the Intifada
Analysis of cross-sectional data on tourism to Israel during the Intifada reveals some factors driving international tourist behaviour. Much of the heterogeneity in the observed response of different nationalities can be ... -
Are Courts Slow? Exposing and Measuring the Invisible Determinants of Case Disposition Time
This article analyses civil case disposition time by developing hypotheses to explain behavioral and structural determinants of so-called ‘delay’ and suggesting a novel methodology (‘Echronometrics’) to account for factors, ... -
Are football referees really biased and inconsistent? Evidence from the English Premier League
This paper presents a statistical analysis of patterns in the incidence of disciplinary sanction (yellow and red cards) taken against players in the English Premier League over the period 1996-2003, using bivariate negative ... -
Are poor countries above their steady-state income levels? – A time-series analysis
This paper criticizes Cho and Graham's argument that poor countries converge from above their steady-state income levels, based on their misspecification of formulating the steady-state income by omitting the variation in ... -
Are Survey measures of Trust Correlated with Experimental Trust? Empirical Evidence from Cameroon
We analyze the correlation between survey-based measures of trust and behavior in the Trust Game in two villages in Cameroon. Some participants play the Trust Game with people from their own village, and others with people ... -
Artificial Neural Networks and Aggregate Consumption Patterns in New Zealand
This study engineers a household sector where individuals process macroeconomic information to reproduce consumption spending patterns in New Zealand. To do this, heterogeneous artificial neural networks (ANNs) are trained ... -
Artificial Neural Networks and Aggregate Consumption Patterns in New Zealand
This study uses artificial neural networks (ANNs) to reproduce aggregate per-capita consumption patterns for the New Zealand economy. Results suggest that non-linear ANNs can outperform a linear econometric model at ... -
Assessing Business Cycle Synchronisation - Prospects for a Pacific Islands Currency Union
On-going debate of a Pacific Islands currency union has rekindled the argument on whether Pacific Island Countries (PICs) demonstrate symmetric behavior in their business cycles as a precondition for a union according to ... -
Asset ownership and foreign-market entry
This paper examines the link between a firm’s owership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive ... -
Asymmetries in the effects of monetary policy: the case of South Africa
PPP is unlikely to hold instantaneously for all commodities across the different regions of a monetary area. It is therefore possible that monetary expansions or contractions will have different effects in different regions, ...