Refine Search
Input a time range for publish date searching.
Article Types
Publication Year

Articles ( Showing 1-20 of 7 items)
Searched for: [ Keywords: "Capital Liberalization" ] clear all
Journal Article
Greasing the revolving door: foreign aid, governance, and private capital flows
by Ugochukwu Anyanwu  and  Amarachukwu Anyanwu
Abstract
There is a considerable amount of debate on the impact of capital liberalization on economic performance. Using Three-Stage Least Squares (3SLS) estimation technique introduced by Zellner and Theil (1962), we synthesize studies on the determinants of governance and capital flows. We find evidence of a revolving door relationship. Foreign aid has a negative impact on governance [...] Read more

Journal Article
Reasonableness and Correctness for Operational Value-at-Risk
by Peter Mitic
Abstract
Calculating the amount of regulatory capital to cover unexpected losses due to operational events in the upcoming year has caused problems because of difficulties in fitting probability distributions to data. It is consequently difficult to judge an appropriate level of capital that reflects the risk profile of a financial institution. We provide theoretical and empirical analy [...] Read more

Journal Article
Spatial dynamic evolution of environmental infrastructure governance in China
by Ke Guo
Abstract
The implementation of environmental protection strategy necessarily requires mapping the amount of capital stock of environmental infrastructure. Through the Weibull distribution function and hyperbolic age-decreasing efficiency model, the provincial environmental infrastructure capital stock in China from 1980 to 2018 is measured cautiously, and its spatial dynamics with the g [...] Read more

Journal Article
How do R&D factors affect total factor productivity: based on stochastic frontier analysis method
by Shikuan Zhao , Wen Tian  and  Abd Alwahed Dagestani
Abstract
Based on provincial panel data from 1998-2018, this paper estimates research and development (R&D) factors, and a stochastic frontier analysis (SFA) model is constructed to examine the effects of R&D factors on regional total factor productivity (TFP). The results show that both R&D capital stock and R&D personnel can significantly promote regional TFP, but the [...] Read more

Journal Article
Analysis of Stock Market Information Leakage by RDD
by Jianing Zhu  and  Cunyi Yang
Abstract
Information leakage in the stock market has been widely proven. Information disclosure is sometimes uneven, and there is significant information asymmetry between ordinary investors and professional institutional investors. In this paper, Regression Discontinuity design (RDD) model is first employed to analyze the information leakage issues. Based on the daily closing stock pri [...] Read more

Journal Article
The budget deficit in an endogenous growth model with bequest and money holdings
by Yasuhito Tanaka
Abstract
By an endogenous growth model with a two-period overlapping generations structure, I examine the existence of a budget deficit in an economy that endogenously grows by investments of firms. The consumers leave bequests to their descendants and hold money as a part of their savings. I use a Barro-type utility function, where people include the utility of their children in their [...] Read more

Journal Article
Can Education Reduce or Mitigate Discrimination? An Investigation on Earnings of PhD Recipients in the US
by Wei-Chiao Huang , Qing Zang  and  Daxue Kan
Abstract
Spence’s signaling model (Spence, 1973) suggests that education can signal workers’ unobserved ability to employers thereby mitigating discrimination. There have been several studies concerning education’s impact on labor market discrimination against minority or disadvantaged groups. Our approach in this inquiry is unique in that we utilize the data of PhD re [...] Read more