Spillover effect

About: Spillover effect is a research topic. Over the lifetime, 7869 publications have been published within this topic receiving 167367 citations.

FDI spillovers in new EU member states

Abstract: Using an unbalanced panel of firm-level data in Bulgaria, Poland and Romania, we examine the impact of foreign firms on domestic firms’ productivity. In particular, we try to answer the following research questions: (1) Are there any spillover effects of foreign direct investments (FDI), and if so, are they positive or negative? (2) Are spillover effects more likely to occur within or across sectors? (3) Are the existence, the direction and the magnitude of spillovers conditioned by sector and firm-specific characteristics? Our findings show that FDI spillovers exist both within and across sectors. The former arise when foreign firms operate in labour-intensive sectors, while the latter occur when foreign firms operate in high-tech sectors. Moreover, we find that domestic firm size conditions the exploitation of FDI spillovers even after controlling for absorptive capacity. We also detect a great deal of heterogeneity across countries consistent with the technology gap hypothesis.

Energy demand in Ghana: A disaggregated analysis

Abstract: This paper presents a comprehensive analysis of energy demand in Ghana by estimating demand functions for key disaggregated energy components including gasoline, diesel, liquefied petroleum gas (LPG), kerosene, biomass, residual fuel oil (RFO) and electricity. Our results show that energy prices, income, urbanization and economic structure are significant demand drivers of the different energy types in Ghana with varying estimated elasticities. Further, there is evidence of high degree of inter-fuel substitution in energy demand in Ghana, particularly from gasoline, diesel and kerosene towards LPG consumption. We recommend, among different policy options, a customization of energy price subsidization policies, especially on LPG, to reduce the unintended beneficiary dilemma or spillover effect of current government policy. Other policies such as intensification of energy conservation programs and market entry of independent power trading companies to enhance energy service delivery through competition are also discussed.

The network connectedness of volatility spillovers across global futures markets

Abstract: This paper analyzes the dynamic volatility spillovers and network connectedness between stock index and commodity futures markets using the multivariate DECO-FIGARCH model and the spillover index method of Diebold and Yilmaz (2014). We estimate a positive equicorrelation between the index and commodity futures and find the highest level of spillover index during the 2008–2009 global financial crisis and 2010–2012 European sovereign debt crisis. Further, we adopt both static and dynamic spillover approaches to identify the net spillover transmitter or receiver across global futures markets. We also measure the directional spillover and assess the net pairwise spillover across global futures markets. Finally, our network connectedness provides specific information on the net pairwise connectedness and intensity of connectedness in different sub-periods.

Structure and correlates of spillover from nonwork to work: an examination of nonwork activities, well-being, and work outcomes.

Abstract: Employees today are involved in many different types of activities outside of work, including family, volunteering, leisure, and so on. The purpose of this study was to understand how participation in such nonwork activities can both enrich and interfere with well-being and behavior at work. Four dimensions of nonwork-to-work spillover were examined to better understand this process (i.e., positive emotional, negative emotional, positive behavioral, and negative behavioral). Survey data were collected in 2 waves from 293 staff and faculty members of a large Canadian university (N 108 matched surveys from both waves). We found that volunteering is associated with increased well-being and work satisfaction, and that it creates positive emotional and behavioral, and negative behavioral spillovers. We also found that sports, recreation, and fitness are associated with improved well-being and positive emotional spillover. Negative spillover is associated with negative outcomes.