Title:Technology Adoption and the Selection Effect of Trade
Author(s):NAVAS-RUIZ, Antonio; SALA, DavideDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The reallocation of output across plants and the productivity growth at individual plants
are both important sources of productivity growth at the industry level. Recent evidence
has shown that trade liberalization is ...
Title:Technology Adoption, Turbulence and the Dynamics of Unemployment
Author(s):DUERNECKER, GeorgDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The divergence of unemployment rates between the U.S. and Europe coincided
with a substantial acceleration in capital-embodied technical change in the late 70’s.
Furthermore, evidence suggests that European economies ...
Title:A Test of Narrow Framing and Its Origin
Author(s):GUISO, LuigiDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:I provide a test of narrow framing to explain why individuals turn down small positive expected value lotteries. Participants in a large survey have been asked whether they would accept a small lottery of winning 180 euros ...
Title:Testing Causality between Two Vectors in Multivariate GARCH Models
Author(s):WOŹNIAK, TomaszDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Spillover and contagion effects have gained significant interest in the recent years of financial crisis. Attention has not only been directed to relations between returns of financial variables, but to spillovers in risk ...
Title:Testing for the Cointegrating Rank of a VAR Process with Level Shift and Trend Break
Author(s):TRENKLER, Carsten; SAIKKONEN, Pentti; LUETKEPOHL, HelmutDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:A test for the cointegrating rank of a vector autoregressive (VAR) process with a possible
shift and broken linear trend is proposed. The break point is assumed to be known. The
setup is a VAR process for cointegrated ...
Title:Testing for the Cointegrating Rank of a Vector Autoregressive Process with Uncertain Deterministic Trend Term
Author(s):DEMETRESCU, Matei; LUETKEPOHL, Helmut; SAIKKONEN, PenttiDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:When applying Johansen's procedure for determining the coin-
tegrating rank to systems of variables with linear deterministic trends, there
are two possible tests to choose from. One test allows for a trend in ...