Topic
Spillover effect
About: Spillover effect is a research topic. Over the lifetime, 7869 publications have been published within this topic receiving 167367 citations.
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TL;DR: In this paper, the authors investigated the time-frequency dependence and risk connectedness among oil and stock markets in oil-importing and oil-exporting countries using wavelet coherence and BK frequency connectedness method.
53 citations
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TL;DR: The authors used a seemingly unrelated regression model (SUR) to test the individual effects of domestic and transnational terrorism on tourism demand to Lebanon, Turkey and Israel over the period 1995-2007.
Abstract: This paper uses a seemingly unrelated regression model (SUR) to test the individual effects of domestic and transnational terrorism on tourism demand to Lebanon, Turkey and Israel over the period 1995–2007 Tourism demand is measured by the logarithm of the number of arrivals to each country Moreover, this paper tests whether tourism depends on the magnitude of the terrorist attacks by disaggregating terrorism into three levels of intensity – low, medium and high The results show significant own and spillover effects for domestic and transnational terrorism on tourism demand to each of the three selected countries In addition, the results show that the effect of terrorism on tourism depends on the intensities of the terrorist attacks
53 citations
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TL;DR: In this paper, the spillover effects of infill developments, which involve developing vacant or under-used parcels within existing urban areas that are largely developed, on local housing prices are examined.
53 citations
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TL;DR: In this paper, a two-stage game is established and subsequently solved, looking for the subgame perfect Nash equilibria Considering the comparative static properties of the model as well as the simulation results, a new effect appears: the free-rider effect of the models with exogenous spillover, which deteriorates the higher the spillover becomes, is now counteracted by the absorbptive capacity effect.
Abstract: R&D plays a dual role: First, it generates new knowledge and second, it develops a firm's absorptive capacity Most of the existing strategic investment game models neglect, however, the second role of R&D The aim of this paper is to incorporate the absorptive capacity hypothesis in such a model by endogenizing the spillover A two-stage game is established and subsequently solved, looking for the subgame perfect Nash equilibria Considering the comparative static properties of the model as well as the simulation results, a new effect appears: The "free-rider effect" of the models with exogenous spillover, which deteriorates the higher the spillover becomes, is now counteracted by the "absorptive capacity effect" It is found that firms will invest more in R&D to strengthen absorptive capacity when the spillover parameter is higher (author's abstract)
52 citations
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TL;DR: In this article, the authors examined whether a country's economic reforms are affected by reforms adopted by other countries and found evidence of the spillover of reforms, consistent with their model, international trade is not a vehicle for the diffusion of economic reforms; rather the most important mechanism is geographical or cultural proximity.
Abstract: This article examines whether a country's economic reforms are affected by reforms adopted by other countries. Our theoretical model predicts that reforms are more likely when factors of production are internationally mobile and reforms are pursued in other economies. Using the change in the Index of Economic Freedom as the measure of market-liberalizing reforms and panel data (144 countries, 1995–2006), we test our model. We find evidence of the spillover of reforms. Moreover, consistent with our model, international trade is not a vehicle for the diffusion of economic reforms; rather the most important mechanism is geographical or cultural proximity.
52 citations