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: The time varying price spillovers between natural gas and crude oil markets for the period 1994 to 2014 are investigated in this article, showing that in a large part of the sample the natural gas price leads the price of crude oil with price spillover effects lasting up to two weeks.
106 citations
TL;DR: In this article, the authors examine changes in the scope of the sell-side analyst industry and whether these changes impact information dissemination and the quality of analysts' reports, and they find that change in the number of analysts covering an industry impact analyst competition and have significant spillover effects on other analysts' forecast accuracy, bias, report informativeness, and effort.
Abstract: We examine changes in the scope of the sell-side analyst industry and whether these changes impact information dissemination and the quality of analysts’ reports. Our findings suggest that changes in the number of analysts covering an industry impact analyst competition and have significant spillover effects on other analysts’ forecast accuracy, bias, report informativeness, and effort. These spillover industry effects are incremental to the effects of firm level changes in analyst coverage. Overall, a more significant sell-side analyst industry presence has positive externalities that can result in better functioning capital markets.
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106 citations
TL;DR: In this paper, the authors estimate spillover effects from a spatially-targeted redevelopment program, the Federal Empowerment Zone (EZ), on neighboring and economically similar areas, and demonstrate that using spillover prone areas to estimate program effects causes upward bias when the spillover is negative.
106 citations
TL;DR: It is reported herein that the hydrogen spillover pathway on a Pd/Cu alloy can be controlled by reversible adsorption of a spectator molecule, which is termed a 'molecular cork' effect.
Abstract: Spillover of reactants from one active site to another is important in heterogeneous catalysis but is notoriously hard to detect or control, especially for hydrogen. The hydrogen spillover pathway on a Pd–Cu alloy can now be controlled by reversible adsorption of a spectator molecule. This effect observed during a surface catalysed reaction should prove useful for controlling uptake and release of hydrogen in a model storage system.
106 citations
TL;DR: This article found that technological knowledge is to a substantial degree local, not global, as the benefits from foreign spillover are declining with distance: on average, a 10% higher distance to a major technology-producing country such as the U.S. is associated with a 0.15% lower level of productivity.
Abstract: Convergence in per capita income across countries turns on whether technological knowledge spillover are global or local. This paper estimates the amount of spillover from R&D expenditures in major industrialized countries on a geographic basis. A new data set is used which encompasses most of the world's innovative activity at the industry-level between the years 1970 and 1995. First, I find that technological knowledge is to a substantial degree local, not global, as the benefits from foreign spillover are declining with distance: on average, a 10% higher distance to a major technology-producing country such as the U.S. is associated with a 0.15% lower level of productivity. Second, technological knowledge has become more global over the sample period. As a determinant of productivity, foreign R&D has significantly gained in importance relative to domestic R&D, and the extent to which knowledge spillover decline with distance has fallen by 20%. The finding of a falling but still high degree of localization has important implications for macroeconomics and growth, trade, and regional economics.
106 citations