Now showing items 462-481 of 652

  • A Panel Data Investigation of Real Exchange Rate Misalignment and Growth 

    Flávio, Vieira; MacDonald, Ronald (University of GlasgowUniversidade Federal de Uberlândia, 2010)
    The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random ...
  • Pareto or log-normal? A recursive-truncation approach to the distribution of (all) cities 

    Fazio, Giorgio; Modica, Marco (University of Glasgow, 2012)
    Traditionally, it is assumed that the population size of cities in a country follows a Pareto distribution. This assumption is typically supported by nding evidence of Zipf's Law. Recent studies question this nding, ...
  • Partial Equal Treatment in Wage Offers 

    Kawamura, Kohei; Sákovics, József (University of Edinburgh, 2013)
    We analyse a labour matching model with wage posting, where- refl ecting institutional constraints-fi rms cannot dfferentiate their wage offers within certain subsets of workers. Inter alia, we find that the presence of ...
  • Partial Knowledge Restrictions on theTwo-Stage Threshold Model of Choice 

    Manzini, Paola; Mariotti, Marco; Tyson, Christopher J (University of St Andrews, 2015-02-10)
    In the context of the two-stage threshold model of decision making, with the agent’s choices determined by the interaction Of three “structural variables,” we study the restrictions on behavior that arise when one or more ...
  • Partner Selection into Policy Relevant Field Experiments 

    Belot, Michele; James, Jonathan (University of Edinburgh, 2013)
    This study investigates the issue of self-selection of stakeholders into participation and collaboration in policy-relevant experiments. We document and test the implications of self-selection in the context of randomised ...
  • The past, present and future of central banking 

    Cobham, David (Heriot-Watt University, 2012)
    The financial crisis, on the one hand, and the recourse to ‘unconventional’ monetary policy, on the other, have given a sharp jolt to perceptions of the role and status of central banks. In this paper we start with a brief ...
  • Payoff levels, loss avoidance, and equilibrium selection in the Stag Hunt: an experimental study 

    Feltovich, Nick; Iwasaki, Atsushi; Oda, Sobei H. (University of AberdeenKyushu UniversitySangyo University, 2008)
    Game theorists typically assume that changing a game’s payoff levels—by adding the same constant to, or subtracting it from, all payoffs—should not affect behavior. While this invariance is an implication of the theory ...
  • Pecuniary Externality through Credit Constraints: Two Examples without Uncertainty 

    Moore, John (University of Edinburgh, 2013)
    This paper is a contribution to the growing literature on constrained inefficiencies in economies with financial frictions. The purpose is to present two simple examples, inspired by the stochastic models in Gersbach-Rochet ...
  • Penalizing Cartels: The Case for Basing Penalties on Price Overcharge 

    Katsoulacos, Yannis; Motchenkova, Evgenia; Ulph, David (University of St Andrews, 2014-09)
    In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a ...
  • Pension reform in a rapidly ageing country: the case of Ukraine 

    Lisenkova, Katerina (University of Strathclyde, 2011)
    Ukraine has a rapidly ageing and declining population. A dynamic forward-­looking Computable General Equilibrium (CGE) model with an explicitly modelled Pay‐As‐You-­Go pension scheme is constructed to perform simulations ...
  • Perceiving Prospects Properly 

    Steiner, Jakub; Stewart, Colin (University of Edinburgh, 2014-09)
    When an agent chooses between prospects, noise in information processing generates an effect akin to the winner’s curse. Statistically unbiased perception systematically overvalues the chosen action because it fails to ...
  • Periodic Sequences of Arbitrage: A Tale of Four Currencies 

    Cross, Rod; Kozyakin, Victor; O’Callaghan, Brian; Pokrovskii, Alexei; Pokrovskiy, Alexey (University of StrathclydeRussian Academy of SciencesUniversity College CorkLondon School of Economics and Political Science, 2010)
    This paper investigates arbitrage chains involving four currencies and four foreign exchange trader-arbitrageurs. In contrast with the three-currency case, we fi nd that arbitrage operations when four currencies are present ...
  • Personal indebtedness, community characteristics and theft crimes 

    McIntyre, Stuart (University of Strathclyde, 2013)
    Becker (1968) and Stigler (1970) provide the germinal works for an economic analysis of crime, and their approach has been utilised to consider the response of crime rates to a range of economic, criminal and socioeconomic ...
  • Personal Indebtedness, Spatial Effects and Crime 

    McIntyre, Stuart; Lacombe, Donald J. (University of StrathclydeWest Virginia University, 2013)
    There is a long and detailed history of attempts to understand what causes crime. One of the most prominent strands of this literature has sought to better understand the relationship between economic conditions and crime. ...
  • Personal Indebtedness, Spatial Effects and Crime 

    McIntyre, Stuart; Lacombe, Donald J. (University of Strathclyde, 2012)
    There is a long and detailed history of attempts to understand what causes crime. One of the most prominent strands of this literature has sought to better understand the relationship between economic conditions and crime. ...
  • Picking the Right Budget Constraint for Scotland 

    Hallwood, Paul; MacDonald, Ronald (University of Glasgow, 2014-10-23)
    This position paper considers the devolution of further fiscal powers to the Scottish Parliament in the context of the objectives and remit of the Smith Commission. The argument builds on our discussion of fiscal ...
  • Policy initiatives and firms’ access to external finance: Evidence from a panel of emerging Asian economies 

    Bose, Udichibarna; MacDonald, Ronald; Tsoukas, Serafeim (University of Glasgow, 2015-01)
    This paper analyses the impact of policy initiatives co-ordinated by Asian national governments on firms' access to external finance, using a unique firm-level database of eight Asian countries- Hong Kong SAR, Indonesia, ...
  • Policy Labels and Investment Decision-making 

    Lange, Ian; Moro, Mirko; Rahman, Mohammad Mahbubur (University of Stirling, 2014)
    Much attention in recent years has turned to the potential of behavioural insights to improve the performance of government policy. One behavioural concept of interest is the effect of a cash transfer label on how the ...
  • “Policy Scepticism” and the Impact of London-based Higher Education Institutions (HEIs) on the economy of England: Accounting for Alternative Uses of Public Expenditure 

    Hermannsson, Kristinn; Lisenkova, Katerina; McGregor, Peter G.; Swales, J. Kim (University of Strathclyde, 2010)
    This paper replicates the analysis of Scottish HEIs in Hermannsson et al (2010a) for the case of London-based HEIs’ impact on the English economy in order to provide a self-contained analysis that is readily accessible by ...
  • “Policy Scepticism” and the Impact of Northern Irish Higher Education Institutions (HEIs) on their Host Region: Accounting for Regional Budget Constraints 

    Hermannsson, Kristinn; Lisenkova, Katerina; McGregor, Peter G.; Swales, J. Kim (University of Strathclyde, 2010)
    This paper replicates the analysis of Scottish HEIs in Hermannsson et al (2010b) for the case of Northern Ireland. The motivation is to provide a self-contained analysis that is readily accessible by those whose primary ...

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