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Wiley-Blackwell: Bulletin of Economic Research最新文献

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Envy, Institutions and Growth 嫉妒、制度和增长
Wiley-Blackwell: Bulletin of Economic Research Pub Date : 2009-06-23 DOI: 10.1111/j.1467-8586.2009.00313.x
Michael S. Mitsopoulos
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引用次数: 8
Funding Externalities, Asset Prices and Investors' Search for Yield 融资外部性、资产价格与投资者对收益的追求
Wiley-Blackwell: Bulletin of Economic Research Pub Date : 2009-01-01 DOI: 10.1111/j.1467-8586.2008.00293.x
Prasanna Gai, Kamakshya Trivedi
{"title":"Funding Externalities, Asset Prices and Investors' Search for Yield","authors":"Prasanna Gai, Kamakshya Trivedi","doi":"10.1111/j.1467-8586.2008.00293.x","DOIUrl":"https://doi.org/10.1111/j.1467-8586.2008.00293.x","url":null,"abstract":"This note presents a simple model that nests the “excess liquidity” and “savings glut” hypotheses of the debate on the recent asset price boom. It clarifies the notion of investors’ ‘search for yield’ and shows how financial frictions influence asset price dynamics.","PeriodicalId":222585,"journal":{"name":"Wiley-Blackwell: Bulletin of Economic Research","volume":"434 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"119445962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Selective Schools 重点学校
Wiley-Blackwell: Bulletin of Economic Research Pub Date : 1999-09-01 DOI: 10.2139/ssrn.200592
G. Brunello, Massimo Giannini
{"title":"Selective Schools","authors":"G. Brunello, Massimo Giannini","doi":"10.2139/ssrn.200592","DOIUrl":"https://doi.org/10.2139/ssrn.200592","url":null,"abstract":"This paper studies how schooling admission tests affect economic performance in an economy where individuals are endowed with both academic and non-academic abilities and both abilities matter for labour productivity. We develop a simple model with schools run by the goverment, where individuals signal their abilities by taking an admission test and sort into low quality and high quality schools. When abilities are poorly correlated in the population, as documented in the literature, a standard test based only on academic abilities can be less efficient than a balanced test, which considers both ability types. We show that a sequential testing strategy, with schools testing academic abilities and firms testing non-academic abilities on the sub-sample of graduates of high quality schools, does not necessarily replicate the outcome of a balanced test.","PeriodicalId":222585,"journal":{"name":"Wiley-Blackwell: Bulletin of Economic Research","volume":"688 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1999-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122703085","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
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