Listar ECO_Articles por título
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A Nonparametric approach to the noise density in stochastic volatility models
Taylor & Francis (2008-09)We propose a nonparametric method to determine the functional form of the noise density in discrete-time stochastic volatility models of financial returns. Our approach suggests that the assumption of Gaussian noise is ... -
A note on institutional hierarchy and volatility in financial markets
Taylor & Francis (2012)From a statistical point of view, the prevalence of non-Gaussian distributions in financial returns and their volatilities shows that the Central Limit Theorem (CLT) often does not apply in financial markets. In this ... -
A note on institutional hierarchy and volatility in financial markets
Taylor & Francis (2011-01)From a statistical point of view, the prevalence of non-Gaussian distributions in financial returns and their volatilities shows that the Central Limit Theorem (CLT) often does not apply in financial markets. In this ...
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A Panel Data Analysis of Trade Creation and Trade Diversion effects: The case of ASEAN-China Free Trade Area
Elsevier (2014-06)This study uses a theoretically justified gravity model of trade to examine the impact of the ASEAN–China Free Trade Agreement (ACFTA) on exports, focusing on trade creation and diversion effects. The model is tested on a ...
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A simple model of herd behavior, a comment
Elsevier (2012)In this paper we analyze the role played by the tie-breaking assumptions in Banerjee’s model of herd behavior. Changing one assumption we obtain three important results: players’ strategies are parameter dependent; an ...
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A spectral perspective on excess volatility
Taylor & Francis (2015)We perform a rather careful spectral analysis of the correlation structures observed in real and financial returns for a large pool of long-lived US corporations, and find that financial returns are characterized by strong ...
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A statistical equilibrium model of competitive firms
Elsevier (2012-01)We find that the empirical density of firm profit rates, measured as returns on assets, is markedly non-Gaussian and reasonably well described by an exponential power (or Subbotin) distribution. We start from a statistical ...
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A Survey of Papers Using Indonesian Firm-Level Data: Research Questions and Insights for Novel Policy-Relevant Research in Economics
Taylor and Francis (2022-08-18)I review the literature in international trade that uses Indonesian firm-level data, particularly the Annual Manufacturing Survey compiled by the Industrial Statistics division of Statistics Indonesia. I identify the issues ...
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A technical note on the precise timing of behavioral events in economic experiments
Elsevier (2018-08)The increasing use of physiological recordings in experimental economics requires a precise timing of interesting events, such as the presentation of a set of choices, the decision-making moment and the reception of feedback ...
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A Two-Methodology Comparison Study of a Spatial Gravity Model in the Context of Interregional Trade Flows
Taylor & Francis (2015)This paper argues that the introduction of spatial interactions to model the determinants of origin-destination (OD) flows can potentially result in excessive contiguity. To explain flows between OD ...
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A “SURE” approach to testing for convergence in regional integrated areas: an application to output convergence in Mercosur
Center for International Economics, Sejong Institution (2008-03)In this paper we propose the use of a sequential multivariate approach to test for convergence. These tests allow us to reconcile the time series literature with the cross-sectional dimension which is basic when testing ...
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Academic dishonesty and monitoring in online exams: a randomized field experiment
Springer (2023-07-21)Cheating in online exams without face-to-face proctoring has been a general concern for academic instructors during the crisis caused by COVID-19. The main goal of this work is to evaluate the cost of these dishonest ...
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Active Learning on Trust and Reciprocity for Undergraduates
MDPI (2019)We propose a teaching activity aimed at promoting social values, such as trust and reciprocity, among undergraduate students in economics and related degrees. We present our pilot experience of what we call RED–‘Readin ...
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Active Management and Mutual Fund Performance
Universidad de Zaragoza. Facultad de Ciencias Económicas (2018)This paper analyses the relationship between active management and performance in US equity mutual funds over the period 2001-2011 for both gross and net returns. Active management is measured by time-varying parameters, ...
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Actividades Kahoot! en el aula y satisfacción del alumnado
3ciencias (2019)El presente estudio observa la relación entre la implementación de actividades basadas en herramientas TIC y la consiguiente satisfacción del alumnado participante. Específicamente, utilizamos la plataforma Kahoot! para ...
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Acuerdos de integración económica en Latinoamérica: efectos sobre los márgenes de comercio
Banco Central del Uruguay (2013-05)This paper studies the effects of economic integration in Latin America on the margins of trade. The analysis is performed on eleven member countries of the Latin American Integration Association (LAIA). In order to do ...
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Adaptive expectations versus rational expectations: Evidence from the lab
Elsevier (2017-10)The aim of the present work is to shed light on the extensive debate about expectations in financial markets. We analyze the behaviors of subjects in an experimental environment in which it is possible to observe expectations ...
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Additive adjudication of conflicting claims
Springer (2022-11-29)In a “claims problem” (O’Neill 1982), a group of individuals have claims on a resource but its endowment is not sufficient to honour all of the claims. We examine the following question: If a claims problem can be decomposed ...
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Advances in the agent-based modeling of economic and social behavior
Springer (2021)In this review we discuss advances in the agent-based modeling of economic and social systems. We show the state of the art of the heuristic design of agents and how behavioral economics and laboratory experiments have ...
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African Asylum Seekers in Europe: The Interplay between Foreign Aid and Governance in Origin Countries
Springer (2021-12-28)This paper empirically investigates the effects of governance quality on the num‑ ber of African asylum seekers in Europe over the period 1996–2018 and evaluates the extent to which official development aid acts as a ...
