This study distinguishes multinational firm (MNE) technology-spillover from learning effects. Whenever learning takes time, the model predicts that foreign investors deduct the economic value of learning from wages of inexperienced workers and add it to experienced ones to prevent them from moving to local competitors. Hence, the national wage bill is unaffected by the presence of MNEs. In cont...

This paper surveys some recent work which seeks to model persistent income inequality and explain such phenomena as ghetto formation and poverty traps. The paper illustrates how a number of these models possess a common structure in which local spillover effects interact with income-based stratification of neighborhoods to transmit parental economic status from generation to generation. As such...

The main objective of this study is to analyze spillover fluctuations between inflation fluctuation and (un)employment fluctuation in relation to agriculture, industry and services sectors of Iran. In line with this, PANEL in Mean-MGARCH model has been used concerning Iran’s agriculture, industry and services sectors over the period of time from spring 2002 to winter 2016. The results show that...

Abstract We investigate the effects of early-life medical treatments on treated children and their families. use a regression discontinuity design that exploits changes in across very low birth weight (VLBW) cutoff. Using administrative data from Denmark, we establish VLBW have better health higher test scores. find these benefits spill over to other family members: mothers enjoy mental health,...

ABSTRACT Securities litigation is relatively rare, but can significantly affect sued firms. We extend this research by examining the spillover effect of securities on industry peers using a sample disclosure-related litigation—distinct from events such as restatements and SEC enforcement. find investors respond immediately exhibit negative abnormal returns before after case filings. Additionall...