Showing papers in "Economics Letters in 2010"

TL;DR: This paper examined the interaction effect in nonlinear models discussed by Ai and Norton (2003) and suggested ways to examine the effects that do not involve statistical testing, which is not necessarily informative in the context of the model.

TL;DR: The authors built a measure of vacancy posting over 1951-2009 that captures the behavior of total help-wanted advertising and can be used for time series analysis of the US labor market.

TL;DR: In this paper, the existence of the maximum likelihood estimates in Poisson regression depends on the data configuration, and the authors propose a strategy to identify the presence of the problem and to single out the regressors causing it.

TL;DR: In this paper, the authors used a threshold regression model and found new evidence that the positive impact of FDI on growth "kicks in" only after financial market development exceeds a threshold level.

TL;DR: In this article, the authors propose an experimental test and find only limited support for guilt aversion in the context of "bare promises" and find that guilt aversion is not correlated with truth value of a statement.

TL;DR: In this article, the authors exploit this event and find that referees exhibited home bias caused by tightened safety regulation, some Italian soccer teams had to temporarily play home matches in empty stadiums in 2007.

TL;DR: In this paper, the authors used panel data on the number of new firm registrations in 95 countries to study the impact of the business environment and 2008 financial crisis on new firm registration, finding that more dynamic formal business creation occurs in countries that provide entrepreneurs with a stable legal and regulatory regime, fast and inexpensive business registration process, more flexible employment regulations, and low corporate taxes.

TL;DR: The Weitzman-Gollier puzzle as mentioned in this paper is the so-called "Weitzman problem" where two seemingly symmetric and equally plausible ways of dealing with uncertain future discount rates appear to give diametrically opposed results.

TL;DR: This paper introduced a generalized panel threshold model by allowing for regime intercepts and showed that the omitted variable bias of standard panel threshold models can be statistically and economically significant for the relation between inflation and growth.

TL;DR: In this paper, a doubling of Internet usage in a country turned out to lead to a 2 to 4% increase in services trade, and an increase in the country's Internet access will facilitate an increase of its service trade with other countries.

TL;DR: For example, this paper showed that across Prussian counties and towns, Protestantism led to more schooling already in 1816, before the Industrial Revolution, which supports a human capital theory of Protestant economic history and rules out a Weberian explanation of Protestant education just resulting from industrialization.

TL;DR: This article found that the actual willingness to pay for various consumer goods can be manipulated by an uninformative anchor, replicating Ariely et al. (2003) and showed that the anchoring effect decreases but does not vanish with higher cognitive ability.

TL;DR: This paper found that female candidates are more likely to receive a callback, with the difference being largest in occupations that are more female-dominated, while male candidates were less likely to get callback.

TL;DR: This article found a statistically significant and robust negative effect of air pollution on life satisfaction, translating into considerable willingness-to-pay, which is larger for IV estimates with pollution from foreign sources as an instrument and for green voters and the elderly.

TL;DR: In this paper, the acceptance decision in the Ultimatum game is delayed by around 10 minutes, which significantly increases the acceptance of low offers in the game, while in treatments without delay, less than 20% of low offer are accepted.

TL;DR: In this article, the authors provide a framework for dealing with the endogeneity problem in the Battese-Coelli estimator for productive efficiency measurement. But this framework is not suitable for the case of large-scale systems.

TL;DR: The authors hypothesize that natural resources raise income inequality in ethnically polarized societies, but reduce income inequality (e.g., in terms of income inequality) in homogeneous societies, and present empirical evidence in support of this hypothesis.

TL;DR: In this article, the authors highlight the role of international data for forecasting German GDP and show how targeted predictors as proposed by Bai and Ng [Forecasting economic time series using targeted predictor, Journal of Econometrics 146 (2008), 304-317] can improve forecast accuracy.

TL;DR: Time-diary data from four countries suggest that differences in market time between the unemployed and employed represent additional leisure, not increased household production as mentioned in this paper, in areas where unemployment is cyclically high, however, reduced market work is offset by additional home production.

TL;DR: In this article, the authors show that the relationship between intellectual property protection and innovation can be inverted-U-shaped in an endogenous growth model without scale effects, and that the inverted U relationship emerges from an interaction between learning-driven and R&D-driven technological advances.

TL;DR: The authors found that risk aversion has a highly significant and substantial negative impact on the probability that an employee's pay is performance contingent, which confirms the well known risk-incentive trade-off.

TL;DR: In this article, the typical identification strategy in aid effectiveness studies assumes that donor motives do not influence the impact of aid on growth, and they call this homogeneity assumption into question, constructing a model in which donor motives matter and testing empirically.

TL;DR: The authors revisited the classic comparison between Bertrand and Cournot outcomes in a mixed market with private and public firms and found that the results are often strikingly different and opposite to the ones obtained from a similar comparison in the standard setting with all profit-maximizing firms.

TL;DR: In this article, the authors present evidence for a highly significant interaction between state dependence in individual unemployment risk and the business cycle, which is consistent with the existence of stigma effects in the sense that unemployed individuals face difficulties finding a new job because employers interpret unemployment as a negative signal and do so especially when it is easier to find jobs.

TL;DR: In contrast to other research, lower corruption is associated with higher income inequality as discussed by the authors, which is consistent with the idea that the corruption-inequality relationship may be different where there is a large informal sector, as in Latin America.

TL;DR: This article reported a positive and statistically significant relation between short-term discount rates elicited with a monetary and a primary reward (chocolate), most evident among people who like chocolate and are hungry.

TL;DR: In this paper, the authors adapt Frankel and Romer's (1999) IV strategy to international labor mobility and establish a robust and non-negative causal effect of immigration on real percapita income.

TL;DR: This paper proposed a new instrument to identify the causal effect of output volatility on economic growth, which is based on (exogenous) volatility spillovers from abroad and cross-section evidence from 128 countries points to a negative effect of volatility on growth.

TL;DR: This article showed that systematic forecast errors reveal that the Fed is "surprised" by real and inflationary cycles, and that it cannot predict one-quarter ahead of the current quarter.

TL;DR: The authors found that higher output growth is associated with higher volatility of the innovations to growth, but that higher growth does not lead to more economic uncertainty, and that the GARCH model does not capture the relationship between innovation and economic uncertainty.