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Empirical Methodology (empirical + methodology)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting50%

Selected Abstracts

Testing for Balance Sheet Effects in Emerging Markets: A Non-Crisis Setting,

INTERNATIONAL FINANCE, Issue 2 2010
Uluc Aysun
The literature has established that emerging market economies are better insulated from large external shocks during a financial crisis when they adopt a flexible exchange rate regime. Looking at the strength of firms' balance sheets, this paper shows that the opposite holds true in non-crisis periods. The reason is that balance sheets and thus spending decisions are less affected by external shocks under fixed regimes. This result is obtained through several theoretical and empirical methodologies that are useful for identifying balance sheet effects in a non-crisis setting. Simulations reveal a larger (smaller) output response under flexible regimes when these effects are included (excluded). Although the transmission of foreign interest rate shocks to domestic interest rates is stronger under fixed regimes, it appears the limited effects on balance sheets generate a more muted output response. [source]

Downscaling of global climate models for flood frequency analysis: where are we now?

HYDROLOGICAL PROCESSES, Issue 6 2002
Christel Prudhomme
Abstract The issues of downscaling the results from global climate models (GCMs) to a scale relevant for hydrological impact studies are examined. GCM outputs, typically at a spatial resolution of around 3° latitude and 4° longitude, are currently not considered reliable at time scales shorter than 1 month. Continuous rainfall-runoff modelling for flood regime assessment requires input at the daily or even hourly time-step. A review of the different methodologies suggested in the literature to downscale GCM results at smaller spatial and temporal resolutions is presented. The methods, from simple interpolation to more sophisticated dynamical modelling, through multiple regression and weather generators, are, however, mostly based directly on GCM outputs, sometimes at daily time-step. The approach adopted is a simple, empirical methodology based on modelled monthly changes from the HadCM2 greenhouse gases experiment for the time horizon 2050s. Three daily rainfall scenarios are derived from the same set of monthly changes, representing different possible changes in the rainfall regime. The first scenario represents an increase of the occurrence of frontal systems, corresponding to a decrease in the rainfall intensity; the second corresponds to an increase in convective storm-type rainfall, characterized by extreme events with higher intensity; the third one assumes an increase in the monthly rainfall without any change in rainfall variability. A continuous daily rainfall-runoff model, calibrated for the Severn catchment, was used to generate daily flow series for the 1961,90 baseline period and the 2050s, and a peaks-over-threshold analysis was undertaken to produce flood frequency distributions for the two time horizons. Though the three scenarios lead to an increase in the magnitude and the frequency of the extreme flood events, the impact is strongly influenced by the type of daily rainfall scenario applied. We conclude that if the next generation of GCMs produce more reliable rainfall variance estimates, then more appropriate ways of deriving rainfall scenarios could be developed using weather generators rather than empirical methods. Copyright © 2002 John Wiley & Sons, Ltd. [source]

The Multiple Effects of Business Planning on New Venture Performance

JOURNAL OF MANAGEMENT STUDIES, Issue 3 2010
Andrew Burke
abstract We investigate the multiple effects of writing a business plan prior to start-up on new venture performance. We argue that the impact of business plans depends on the purpose for and circumstances in which they are being used. We offer an empirical methodology which can account for these multiple effects while disentangling real impact effects from selection effects. We apply this to English data where we find that business plans promote employment growth. This is found to be due to the impact of the plan and not selection effects. [source]

Political Competition and Ethnic Identification in Africa

AMERICAN JOURNAL OF POLITICAL SCIENCE, Issue 2 2010
Benn Eifert
This article draws on data from over 35,000 respondents in 22 public opinion surveys in 10 countries and finds strong evidence that ethnic identities in Africa are strengthened by exposure to political competition. In particular, for every month closer their country is to a competitive presidential election, survey respondents are 1.8 percentage points more likely to identify in ethnic terms. Using an innovative multinomial logit empirical methodology, we find that these shifts are accompanied by a corresponding reduction in the salience of occupational and class identities. Our findings lend support to situational theories of social identification and are consistent with the view that ethnic identities matter in Africa for instrumental reasons: because they are useful in the competition for political power. [source]