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 article, a wide-ranging socio-economic literature on the nexus between labor migration and economic development at origin is reviewed, with a special focus on out-migration from poor rural regions of developing countries.
Abstract: A major feature of the current ‘mass migration’ process is its strong linkages to countries of origin. Migrants belong to spatially extended families and play a crucial role in shaping economic development in home regions. This paper reviews the wide-ranging socio-economic literature on the nexus between labor migration, both domestic and international, and economic development at origin, with a special focus on out-migration from poor rural regions of developing countries. We disentangle direct effects on migrant-sending households from spillover effects on the rest of the economy, highlighting some key knowledge gaps and policy concerns related to the complex and intimate relation between rural labour mobility and economic behaviour of people left behind. Copyright © 2010 John Wiley & Sons, Ltd.
92 citations
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TL;DR: In this paper, the authors developed a new dataset using UNESCO source materials on the location of nearly 15,000 universities in about 1,500 regions across 78 countries, some dating back to the 11th Century.
Abstract: We develop a new dataset using UNESCO source materials on the location of nearly 15,000 universities in about 1,500 regions across 78 countries, some dating back to the 11th Century. We estimate fixed effects models at the sub-national level between 1950 and 2010 and find that increases in the number of universities are positively associated with future growth of GDP per capita (and this relationship is robust to controlling for a host of observables, as well as unobserved regional trends). Our estimates imply that doubling the number of universities per capita is associated with 4% higher future GDP per capita. Furthermore, there appear to be positive spillover effects from universities to geographically close neighboring regions. We show that the relationship between growth and universities is not simply driven by the direct expenditures of the university, its staff and students. Part of the effect of universities on growth is mediated through an increased supply of human capital and greater innovation (although the magnitudes are not large). We find that within countries, higher historical university presence is associated with stronger pro-democratic attitudes.
92 citations
TL;DR: In this article, the effects of green R&D cooperation on the economic, environmental and social performances of the supply chain while simultaneously considering the technological spillover and supply chain power relationship were evaluated.
92 citations
TL;DR: In this paper, the authors developed a stochastic volatility model with jumps in returns and volatility to analyze the risk spillover from the U.S. market and the regional market to a number of European countries' equity markets.
92 citations
TL;DR: The authors found that banks with larger investments in opaque assets benefitted more from intra-industry revaluations associated with announcements of mergers in the period 2000 through 2006, and that non-merger banks that gained most from merger activities also experienced the largest price declines during the subsequent 2007-2008 financial crisis.
Abstract: Opacity fosters price contagion that exacerbates the speculative cycles of bubbles and crashes that create financial instability. We find that banks with larger investments in opaque assets benefitted more from intra-industry revaluations associated with announcements of mergers in the period 2000 through 2006. The findings are robust to controls for competitive effects, spillover effects from higher likelihood of takeover, changes in real estate prices, and interest rates. Non-merger banks that gained most from merger activities also experienced the largest price declines during the subsequent 2007-2008 financial crisis.
92 citations