This paper examines the effects of fringe benefits in the compensation package on performance of the Korean firms. Theoretically, fringe benefits have two implications in relation to employees: they are effective instruments that provide incentives; at the same time, some fringe benefits, especially the power-related benefits, are often used for exploitation of self-interests. Using a six-year ...

This paper applies the newly developed methodology of Bai and Ng (2002, 2003), providing the decomposition of large panel data into systematic and idiosyncratic components, to both returns and turnover. When combined with a GLS-based principal components approach, we demonstrate their procedure works well for both returns and turnover, despite the presence of severe heteroscedasticity and non-s...

— We use panel data consisting of 96 countries and covering the period 1960–2000 to investigate the effects of free trade agreements (FTAs) and hub-and-spoke systems of FTA on exports. Our empirical results imply an annual growth rate of 5.57% in exports and hence a doubling of exports after 12.4 years between FTA partners. Non-overlapping FTAs account for 4.12%, while hub-andspoke FTAs account...

In the past 10 years, China's online game industry has become a sunrise industry with unlimited potential as its rapid development. Its rapid growth not only provides important support for the new round of upcoming economic growth, but also becomes a measure on building an innovation-oriented country comprehensively by grasping strategic opportunities of new scientific and technological revolut...

Theory suggests that subjective well-being is affected by income comparisons and adaptation to income. Empirical tests of the effects often rely on self-constructed measures from survey data. This paper shows that results can be highly sensitive to simple parameter changes. Using large-scale panel data from Germany and the UK, I report cases where plausible variations in the underlying income t...

This paper infers the terms of trade effects of Free Trade Agreements (FTAs) implemented in the 1990s. We estimate large FTA effects on bilateral trade volume in 2 digit manufacturing goods from 1990-2002, using panel data gravity methods to resolve two way causality. The terms of trade changes implied by these volume effects are deduced for 40 countries plus a rest-of-the-world aggregate using...

Dengue is the most rapidly spreading infectious disease, especially in Indonesia. virus transmitted by bite of female Aedes mosquitoes. The high human population density and proximity to vector breeding places strengthen interaction between virus, vector, humans as hosts. Using dengue incidence panel data during 2018-2019 34 provinces Indonesia, this study examined effect a demographic variable...