This paper determines whether the world market risk, country-specific total risk, and country-specific idiosyncratic risk are priced in an international capital asset pricing model (ICAPM). Portfolio-level analyses, country-level cross-sectional regressions, stacked time-series, and pooled panel regressions indicate that the world market risk is not, but country-specific total and idiosyncratic...

This paper considers GLS estimation of linear panel models when the innovation and the regressors can both contain a factor structure. A novel feature of this approach is that preliminary estimation of the latent factor structure is not necessary. Under a set of regularity conditions here provided, we establish consistency and asymptotic normality of the feasible GLS estimator as both the cross...

This paper analyzes the e ect of educational match on wages in Germany, using data from the German Socio-Economic Panel. Educational mismatch has been discussed extensively, mostly by applying OLS wage regressions which are prone to an unobserved heterogeneity bias. This problem is approached by using an FE and an IV model. In a further step, ability is directly included in the regressions by u...

The Effect of Migration on Income Growth and Convergence: Meta-Analytic Evidence We compare a set of econometric studies that measure the effect of net internal migration in neoclassical models of long-run real income convergence and derive 67 comparable effect sizes. The precision-weighted estimate of beta convergence is about 2.7%. An increase in the net migration rate of a region by one perc...

The Effect of Migration on Income Growth and Convergence: Meta-Analytic Evidence We compare a set of econometric studies that measure the effect of net internal migration in neoclassical models of long-run real income convergence and derive 67 comparable effect sizes. The precision-weighted estimate of beta convergence is about 2.7%. An increase in the net migration rate of a region by one perc...

Based on the panel data of 30 provinces and regions (except Taiwan, Hong Kong, Macao Tibet) from 2010 to 2019, this paper measures green development level agriculture in China by using critic-entropy weight combined method, then uses σ convergence absolute β methods test its change trend. research conclusions, countermeasures suggestions were put forward make up for shortcomings, promote exchan...

Background. Knowledge can give an important contribution to local economic development, but the correlation between library activities and development has not been clarified yet. The purpose of this investigation is discuss correlations output measures regional measures.Methodology. raw data obtained via website National Bureau Statistics China have analyzed by coefficient calculations multivar...