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Empirical Analysis (empirical + analysis)
Kinds of Empirical Analysis Terms modified by Empirical Analysis Selected AbstractsTHE LIFE CYCLE RESEARCH OUTPUT OF PROFESSORS IN AUSTRALIAN ECONOMICS DEPARTMENTS: AN EMPIRICAL ANALYSIS BASED ON SURVEY QUESTIONNAIRESECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 2 2003MITA BHATTACHARYA First page of article [source] ANGLES OF INTEGRATION: AN EMPIRICAL ANALYSIS OF THE ALIGNMENT OF INTERNET-BASED INFORMATION TECHNOLOGY AND GLOBAL SUPPLY CHAIN INTEGRATIONJOURNAL OF SUPPLY CHAIN MANAGEMENT, Issue 2 2010JÖRN-HENRIK THUN This paper investigates the relationship between the focus and implementation degree of Internet-based information technology (IT) applications and the scope and orientation of process-oriented integration in global supply chains. Using data from 205 plants, which were collected in conjunction with the High Performance Manufacturing project, the degree of supplier and customer integration and its match with the implemented IT instruments supporting interorganizational collaboration are investigated empirically. Different types of integration are differentiated from each other with the help of factor, percentile and cluster analyses. The focus and degree of IT integration is measured for each of the resulting groups and the alignment of both aspects is analyzed with the help of an approach referred to as the angles of integration. With respect to supply chain integration and IT implementation, the analysis of different integration strategies shows that most of the plants do not align their IT implementation with their supply chain strategy. The paper helps companies to evaluate the alignment of their use of IT techniques with their global supply chain management emphases. Additionally, possible reasons for a potential missmatch of functional strategies are discussed giving managers insights for dealing more effectively with a strategic alignment. Furthermore, it refines an existing framework for the comparison of different supply chain integration strategies and applies it with IT. Based on the angles of integration, the match of supply chain integration and IT is investigated by statistical analyses. [source] AN EMPIRICAL ANALYSIS OF MEASUREMENT EQUIVALENCE WITH THE INDCOL MEASURE OF INDIVIDUALISM AND COLLECTIVISM: IMPLICATIONS FOR VALID CROSS-CULTURAL INFERENCEPERSONNEL PSYCHOLOGY, Issue 1 2006CHRISTOPHER ROBERT The INDCOL measure of individualism and collectivism (Singelis et al., 1995) has been used increasingly to test complex cross-cultural hypotheses. However, sample differences in translation, culture, organization, and response context might threaten the validity of cross-cultural inferences. We systematically explored the robustness of the INDCOL, for various statistical uses, in the face of those 4 threats. An analysis of measurement equivalence using multigroup mean and covariance structure analysis compared samples of INDCOL data from the United States, Singapore, and Korea. The INDCOL was robust with regard to the interpretability of correlations, whereas differences in culture and translation pose an important potential threat to the interpretability of mean-level analyses. Recommendations regarding the interpretation of the INDCOL and issues in the analysis of measurement equivalence in cross-cultural research are discussed. [source] TRADING-VOLUME SHOCKS AND STOCK RETURNS: AN EMPIRICAL ANALYSISTHE JOURNAL OF FINANCIAL RESEARCH, Issue 2 2010Zhaodan Huang Abstract We examine high-volume premiums based on weekly risk-adjusted returns. Significant average weekly abnormal high-volume premiums up to 0.50% per week are documented for 1962,2005. Most premiums are generated in the first two weeks and monotonically decline as holding periods are extended. Evidence of reversal is found as the holding periods are extended. Premiums depend on realized turnover in the holding period. The last finding supports the theories of Miller and Merton. Finally, we test whether premiums are compensation for taking additional risk. Negative skewness, idiosyncratic risk, and liquidity risk do not explain the high-volume premiums. [source] AN EMPIRICAL ANALYSIS OF CHILD CARE DEMAND IN SWITZERLANDANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, Issue 1 2009Silvia Banfi ABSTRACT,:,This paper analyzes the demand of Swiss families for child care facilities. A choice experiment is used to study the effects of the facilities' characteristics as well as socio-economic factors on the selected child care mode. The experimental data are analyzed using a discrete choice model with multinomial logit specification. The results suggest that the demand for extra-familial day care could be considerably higher than that observed from the actual choices constrained by insufficient provision of affordable day care. The price, access, and the quality of service as well as parents' income and education have important impacts on the choice of the mode of care. [source] The Declining Value-relevance of Accounting Information and Non-Information-based Trading: An Empirical Analysis,CONTEMPORARY ACCOUNTING RESEARCH, Issue 4 2004ALEX DONTOH Abstract Recently, a growing body of literature has suggested that financial statements have lost their value-relevance because of a shift from a traditional capital-intensive economy to a high-technology, service-oriented economy. These conclusions are based on studies that find a temporal decline in the association between stock prices and accounting information (earnings and book values). This paper empirically tests a theoretical prediction arising from the noisy rational expectations equilibrium model that suggests that the decline could be driven by non-information-based (NIB) trading activity, because such trading reduces the ability of stock prices to reflect accounting information. Specifically, Dontoh, Radhakrishnan, and Ronen (2004) show that when NIB trading increases, the R2s of a regression of stock price on accounting information declines. Our empirical tests confirm this prediction; that is, the decline in the association between stock prices and accounting information as measured by R2s is driven by an increase in NIB trading. [source] What Happens When Wal-Mart Comes to Town: An Empirical Analysis of the Discount Retailing IndustryECONOMETRICA, Issue 6 2008Panle Jia In the past few decades multistore retailers, especially those with 100 or more stores, have experienced substantial growth. At the same time, there is widely reported public outcry over the impact of these chain stores on other retailers and local communities. This paper develops an empirical model to assess the impact of chain stores on other discount retailers and to quantify the size of the scale economies within a chain. The model has two key features. First, it allows for flexible competition patterns among all players. Second, for chains, it incorporates the scale economies that arise from operating multiple stores in nearby regions. In doing so, the model relaxes the commonly used assumption that entry in different markets is independent. The lattice theory is exploited to solve this complicated entry game among chains and other discount retailers in a large number of markets. It is found that the negative impact of Kmart's presence on Wal-Mart's profit was much stronger in 1988 than in 1997, while the opposite is true for the effect of Wal-Mart's presence on Kmart's profit. Having a chain store in a market makes roughly 50% of the discount stores unprofitable. Wal-Mart's expansion from the late 1980s to the late 1990s explains about 40,50% of the net change in the number of small discount stores and 30,40% for all other discount stores. Scale economies were important for Wal-Mart, but less so for Kmart, and the magnitude did not grow proportionately with the chains' sizes. [source] Empirical Analysis of a Travel-Time Forecasting ModelGEOGRAPHICAL ANALYSIS, Issue 4 2007Jinsoo You The purpose of this article is to analyze empirically a travel-time forecasting model that estimates link travel times on congested road networks. In separate studies by You and Kim, a nonparametric regression model has been developed as a core forecasting algorithm to reduce computation time and increase forecasting accuracy. In this article, the sensitivity of model parameters is evaluated so that the proposed travel-time forecasting model could be utilized in transportation information and management systems such as location-based services and intelligent transportation systems applications. [source] The Success of Currency Reforms to End Great Inflations: An Empirical Analysis of 34 High InflationsGERMAN ECONOMIC REVIEW, Issue 2 2009Peter Bernholz Great inflations; currency reforms; central bank independence; fixed exchange rate Abstract. The estimation of an ordered probit model for currency reforms attempting to end 31 hyperinflations and three huge inflations of the twentieth century shows that the introduction of an independent central bank and the adoption of a credibly fixed exchange rate are crucial for the success of a currency reform. In addition, currency reforms are demonstrated to be more difficult in centrally planned economies than in market economies. [source] Small,Scale Entrepreneurship and Access to Capital in Peripheral Locations: An Empirical AnalysisGROWTH AND CHANGE, Issue 2 2002Daniel Felsenstein This paper presents an analysis of a public assistance program for small,scale entrepreneurship in peripheral areas. Public assistance compensates for market inefficiencies where the decision rules of financial institutions discriminate against otherwise viable small firms in capital markets. Lending institutions perceive high risk in providing debt capital when little information is present. Using empirical data from Israel, the determinants of this risk are estimated and the role of location in creating this information asymmetry is stressed. These results empirically establish that (1) location matters in determining the risk profile of the firm, (2) locationally targeted programs can reduce the information asymmetries that make peripheral firms unattractive to lenders, and (3) these programs can also generate positive welfare effects. Finally, there is speculation on the potential role of ICT (information and communications technology) in increasing the visibility of small firms in remote locations and creating a more symmetrical flow of information. [source] Investor Protection and International Investment Positions: An Empirical Analysis,INTERNATIONAL FINANCE, Issue 2 2006Teresa L. Cyrus Given the recent revival of interest in the institutional determinants of global capital flows, we investigate the relationship between investor protection and international investment positions, using data on 40 countries for the period 1970,98. We find that strong shareholder protection is an important predictor of gross foreign direct investment liabilities, while countries with strong creditor protection tend to have positive stocks of net foreign assets. We conclude that the global pattern of investor protection is a significant determinant of international investment positions. [source] An Empirical Analysis of Inflation in OECD CountriesINTERNATIONAL FINANCE, Issue 1 2004Jane Ihrig During the 1990s, many OECD countries had declining rates of inflation while their unemployment rates were also falling, something that on the surface seemed at odds with the Phillips curve relationship between inflation and unemployment. For the USA, these seemingly contradictory developments have been reconciled in terms of two factors: (1) an acceleration in productivity and (2) structural changes in labour markets that lowered the natural unemployment rate (NAIRU). Here we ask whether comparable forces were at work in 19 other industrial countries. We find that productivity advancements were the main structural factor reducing inflation only in the USA. In other industrial countries, persistent labour-market slack was the main factor exerting downward pressure on inflation. This persistence stemmed, in part, from structural reforms that lowered the NAIRU while the unemployment rate was declining. Ireland, New Zealand and Norway were three countries where labour-market reforms helped to push inflation down dramatically. [source] Empirical Analysis of Delays in the Signing of Audit Reports in SpainINTERNATIONAL JOURNAL OF AUDITING, Issue 2 2008Enrique Bonsón-Ponte This study sets out to analyse the factors that determine delays in the signing of audit reports. The delays are measured as a function of the number of days that elapse from the closure of the accounting period until the date when the audit report is signed. The study has been conducted in Spain, on 105 companies of the Spanish continuous market, from 2002 to 2005. The results obtained utilizing panel data methodology demonstrate that the two factors characterizing the companies that present less audit delay are: classification to sectors that are subject to regulatory pressure, such as the financial and energy sectors; and the size of company relative to its sector. Variables such as audit firm, qualifications or regulatory change show no significant relationship with audit delay in the Spanish context. [source] Demand and Supply of Auditing in IPOs: An Empirical Analysis of the Québec MarketINTERNATIONAL JOURNAL OF AUDITING, Issue 3 2000Jean Bédard This study examines the factors affecting the demand for higher-quality auditors at the time of an initial public offering in a small market characterized by low-litigation risk, government subsidies for companies going public, and the presence of large non-Big Six auditors, namely, the Canadian province of Québec. Our results, from an analysis of 212 Québec IPOs between 1983 and 1997, indicate that the choice of an auditor at the time of an IPO is significantly affected by the company's risk, size, and geographical dispersion. They also suggest that the Québec audit market is segmented between three types of service providers: the Big Six, the National firms and the Local firms. Local firms audit small local companies with low risk, National firms audit large local companies with moderate risk, and the Big Six audit large geographically dispersed companies with high risk. [source] The Effectiveness of Structural Policy in the European Union: An Empirical Analysis for the EU-15 in 1995,2001,JCMS: JOURNAL OF COMMON MARKET STUDIES, Issue 1 2005MAAIKE BEUGELSDIJK The main aim of structural policy is to decrease the regional disparities within the European Union (EU). In 2004 ten new member countries joined the EU, and it is expected that this enlargement will cause strong regional disparities within the Union. For this reason the distribution of financial support by structural policy will undergo drastic changes. In this study we consider two main themes. First, convergence of the current EU Member States is empirically tested for the period 1995,2001, and the effect of the structural funds in this context is identified. Structural funds do indeed appear to have had a positive impact, and poorer countries (like Greece) appear to have caught up with the richer countries. The importance of the structural funds in this respect therefore cannot be neglected. Second, we touch on the problem of moral hazard and the substitution effect. It may be expected that receivers of structural funds in some cases are not really eligible and may therefore use the funds inefficiently. Our first and preliminary results seem to indicate that the less clean countries (or as we measure it, more ,corrupt' countries) of the current EU-15 do not gain less economic growth from the structural funds. The hypothesis that structural funds contributed to fewer interregional disparities within the current 15 European countries cannot be rejected. This may mean the intended plans of channelling a big share of the funds to the candidate countries in 2007,13 will probably contribute to higher economic growth in these countries. [source] The Association between Corporate Boards, Audit Committees, and Management Earnings Forecasts: An Empirical AnalysisJOURNAL OF ACCOUNTING RESEARCH, Issue 3 2005IRENE KARAMANOU ABSTRACT We study how corporate boards and audit committees are associated with voluntary financial disclosure practices, proxied here by management earnings forecasts. We find that in firms with more effective board and audit committee structures, managers are more likely to make or update an earnings forecast, and their forecast is less likely to be precise, it is more accurate, and it elicits a more favorable market response. Together, our empirical evidence is broadly consistent with the notion that effective corporate governance is associated with higher financial disclosure quality. [source] Investor and Analyst Reactions to Earnings Announcements of Related Firms: An Empirical AnalysisJOURNAL OF ACCOUNTING RESEARCH, Issue 5 2002Sundaresh Ramnath In this article I examine the response of investors and analysts of nonannouncing firms to the earnings report of the first announcers in the industry. The error in the earnings forecast of the first announcer is found to be informative about the errors in the contemporaneous earnings forecasts of subsequent announcers in the industry. However, investors and analysts do not appear to fully incorporate the information from the first announcers' news in their revised earnings expectations for subsequent announcers. This apparent underreaction to the first announcers' news leads to predictable stock returns for subsequent announcers in the days following the first announcement. Results of this study can be seen as further evidence of investor and analyst underreaction to publicly available information. [source] Trade Credit Terms Offered by Small Firms: Survey Evidence and Empirical AnalysisJOURNAL OF BUSINESS FINANCE & ACCOUNTING, Issue 3-4 2002Nicholas Wilson Trade credit has been shown to be an important source of short-term finance for smaller firms but small firms are also suppliers of trade credit. There is little empirical evidence on the credit granting decisions of small firms. Previous empirical work (Petersen and Rajan, 1997; and Ng, Smith and Smith, 1999) has focused on credit granting and investment in accounts receivable in larger firms. In this paper we look at the influences on credit granting for the smallest firms, using a sample of firms with an average of 10 employees. As in previous studies we find that product and demand characteristics influence credit terms. Moreover, we find evidence that firm size affects credit extension choices directly by setting limits on the possibilities for economies of scale, but it also impacts indirectly by affecting the firm's access to finance and its bargaining strength vis-à-vis suppliers. The dominant position of larger customers in bargaining with small suppliers constrains the impact of other factors on the firm's choice of credit terms. Small firms are also under pressure to conform to industry norms, although lack of resources can be a limiting factor. Constrained firms may make use of two-part terms in an attempt to improve their cashflow. [source] An Empirical Analysis of the FBI's Ten Most WantedJOURNAL OF EMPIRICAL LEGAL STUDIES, Issue 2 2008Thomas J. Miles Police agencies regularly publish lists of wanted fugitives. These lists may serve a variety of purposes, including (1) announcement of the police agency's enforcement priorities and (2) the facilitation of fugitive apprehension. When a police agency's enforcement priorities encompass fugitives whose apprehension risks vary in their sensitivity to publicity, a tradeoff may exist between these two purposes. This article conducts the first statistical analysis of fugitives who have appeared on the Federal Bureau of Investigation's (FBI) Ten Most Wanted List. It reports results consistent with this tradeoff. Estimates from hazard models show that changes in the characteristics of fugitives on the list were contemporaneous with declines in the speed of apprehension and in the likelihood that information or "tips" from the public caused a fugitive's apprehension. The results suggest that as the FBI acquired responsibility to enforce a wider range of criminal activity and as other avenues for publicizing fugitives developed, it increasingly used the list to communicate its priorities rather than to locate fugitives. [source] An Empirical Analysis of 30 Years of U.S. Juvenile and Adult Sexual Homicide Offender Data: Race and Age Differences in the Victim,Offender RelationshipJOURNAL OF FORENSIC SCIENCES, Issue 5 2010Heng Choon (Oliver) Chan M.A. Abstract:, Little is known about the racial patterns of crimes committed by sexual homicide offenders (SHOs). This study examined race and age influences on victim,offender relationship for juvenile and adult SHOs. A large sample (N = 3868) from the Supplemental Homicide Reports (1976,2005) was used. Analyses of victim,offender patterns included examining victim age effects (child, adolescent, adult, and elderly). The findings revealed several race- and age-based differences. Black offenders were significantly overrepresented in the SHO population. This finding held for juveniles and adults independently. White SHOs were highly likely to kill within their race, "intra-racially" (range 91,100%) across four victim age categories, whereas Black SHOs killed both intra-racially (range 24,82%) and inter-racially (18,76%), with the likelihood of their killing inter-racially increasing as the age of the victim increased. This study underscores the importance of considering victim,offender racial patterns in sexual murder investigations, and it offers practical implications for offender profiling. [source] An Empirical Analysis of Triple Bottom-Line Reporting and its Determinants: Evidence from the United States and JapanJOURNAL OF INTERNATIONAL FINANCIAL MANAGEMENT & ACCOUNTING, Issue 2 2007Li-Chin Jennifer Ho This paper investigates triple bottom-line (TBL) disclosures of 50 of the largest US and Japanese companies. Twenty disclosure criteria were developed for each of the TBL disclosure areas: economic, social, and environmental. Disclosure information was examined in annual reports, stand-alone reports, and special website reports. Regression analysis was used to examine empirically the determinants of TBL disclosure practice. Our results indicate that, for total TBL disclosure (combining economic, social, and environmental categories), the extent of reporting is higher for firms with larger size, lower profitability, lower liquidity, and for firms with membership in the manufacturing industry. Further analysis indicates that the results for the total TBL disclosure are primarily driven by non-economic disclosures. We also find that the extent of overall TBL reporting is higher for Japanese firms, with environmental disclosure being the key driver. This result could be attributed to the differences in national cultures, the regulatory environment, and other institutional factors between the United States and Japan. [source] An Empirical Analysis of the Effects of Increasing Deductibles on Moral HazardJOURNAL OF RISK AND INSURANCE, Issue 3 2008Jennifer L. Wang Using information on timing and number of claims in a unique data set pertaining to comprehensive automobile insurance with the increasing deductible provision in Taiwan, the authors provide new evidence for moral hazard. Time-varying correlations between the choice of the insurance coverage and claim occurrence are significantly positive and exhibit a smirk pattern across policy months. This empirical finding supports the existence of asymmetric information. A subsample estimation depicts insured drivers' significant responses to increasing deductibles, which implies the existence of moral hazard. According to the probit regression results, the increasing deductible makes policyholders who have ever filed claims less likely to file additional claims later in the policy year. The empirical findings strongly support the notion that the increasing deductible provision helps control moral hazard. [source] Participation in the National Flood Insurance Program: An Empirical Analysis for Coastal PropertiesJOURNAL OF RISK AND INSURANCE, Issue 3 2004Warren Kriesel A perennial question about the National Flood Insurance Program is: how can participation be increased? An empirical analysis of individual-level data reveals that in a sample of coastal areas the participation rate is 49 percent of eligible properties. Participation responsiveness to price is inelastic, but it has been increased by the mandatory purchase requirements for mortgage borrowers. Easing conditions for participation in the program would probably not reduce flood control measures, such as seawalls, which may degrade beach conditions and coastal ecosystems. [source] An Empirical Analysis of the Relationship Between Capital Acquisition and Bankruptcy LawsJOURNAL OF SMALL BUSINESS MANAGEMENT, Issue 1 2009Howard Van Auken Ineffective capital acquisition decisions at start-up may lead to business failure and bankruptcy; a result which is both costly and disruptive to the owners and other stakeholders of the firm. To cope with the risk of failure, owners embark on a variety of risk-reducing activities whereas the U.S. government attempts to moderate the downside effects of such failures through the rules surrounding bankruptcy. Previous studies imply that as owners become more aware of the protections offered through the government regulation of bankruptcy, they should become less concerned with the effects of failure and be willing to raise higher levels of initial capital. Raising higher levels of initial capital, in turn, leads owners to take actions intended to reduce firm risk and to minimize the threat to their personal financial security. Data from a sample of small firms confirm our hypothesis by showing that as the level of initial capital acquisition increases, owners embark on activities intended to reduce firm risk. However, capital acquisition is not associated with the owner's familiarity with bankruptcy regulations. As a result, governmental objectives in establishing these regulations may not be achieved. Our findings have implications for firms' owners, consultants, and policymakers, in terms of the relationship between an entrepreneur's knowledge of bankruptcy laws and the financing of their enterprises. [source] Credit Risk Assessment and Relationship Lending: An Empirical Analysis of German Small and Medium-Sized Enterprises,JOURNAL OF SMALL BUSINESS MANAGEMENT, Issue 2 2007Patrick Behr We estimate a logit scoring model for the prediction of the probability of default by German small and medium-sized enterprises (SMEs) using a unique data set on SME loans in Germany. Our scoring model helps SMEs to gain knowledge about their default risk, which can be used to approximate their risk adequate cost of debt. This knowledge is likely to lead to a detection of hold-up problems that German SMEs might be confronted with in their bank relationships. Furthermore, it allows them to monitor their bank's pricing behavior and it reduces information asymmetries between lenders and borrowers. Finally, it can influence their future financing decisions toward capital market-based financing. [source] Superstar Effects in Deluxe Gastronomy , An Empirical Analysis of Value Creation in German Quality RestaurantsKYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 4 2009Thomas Ehrmann Summary We analyze whether superstar effects (disproportionate income effects) exist in the deep-pocket market for quality gastronomy in Germany, and what factors determine the stars' rents. In quality gastronomy, the stars can be the restaurant chefs. Building on Rosen's (1981) and Adler's (1985) central theories on star effects, we explore two potential sources of stardom. Following Rosen (1981), we test if quality differences between the chefs' performances have a direct effect on financial rewards ("direct superstar effect"). Following Adler (1985), we assess the income effect of a media presence of chefs ("classical Superstar effect"). Through this, we deal with an economic issue of general interest: does it pay more to develop your skills in your core business to perfection, or to maintain the current level of skills and invest in self-marketing? Analyzing a sample of 288 restaurants, for potential star effects by differences in quality, we find that higher quality increases chefs' revenues. Yet, revenues do not increase disproportionately, and achieving higher quality requires substantial investments in exquisite ingredients, excellent staff and prime ambience. This problem, also called the "agony of the stars", has manifested itself in the bankruptcies of European three-star restaurants in recent years. As regards potential star effects by differences in media presence, we observe a positive impact of TV appearances on financial rewards. Yet, these income effects are moderate as well, so there is neither a direct, nor a classical superstar effect in quality gastronomy. We argue that although both perfection of skills and self-marketing have similarly positive income effects, self-marketing seems both the less risky and the less stressful way to enhance income. [source] Key Factors of Joint-Liability Loan Contracts: An Empirical AnalysisKYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 2 2005Alexander S. Kritikos Summary This paper provides an empirical analysis of joint-liability micro-lending contracts. Using our data set, we examine the efficacy of various incentives set by this contract such as joint-liability between groups of borrowers or group access to future and to larger loans. As proposed by theory, we find that joint liability induces a group formation of low risk borrowers. After the loan disbursement, the incentive system leads to peer monitoring, peer support and peer pressure between the borrowers, thus helping the lending institution to address the moral hazard and enforcement problem. This paper also demonstrates that the mechanism realizes repayment rates of nearly 100% if the loan officers fulfill their complementary duties in the screening and enforcement process. Finally, we make clear that dynamic incentives, in contrast to theory, have to be restricted if the two long-term problems of the joint-liability approach, i.e. its mismatching problem and the domino effect, are to be tackled notably. [source] Transnational Corporations and Repression of Political Rights and Civil Liberties: An Empirical AnalysisKYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 1 2004Matthias Busse Summary Transnational Corporations are often accused by non-governmental organisations of ignoring fundamental democratic rights, such as civil liberties and political rights, in the countries of their investments. This paper attempts to explore empirically the complex relationship between foreign investment and democracy in a systematic way, using different econometric techniques. In contrast to the public discussion over recent years and the view held by non-governmental organisations, the results show that enhanced democratic rights are associated with higher foreign investment in the 1990s. Interestingly, this positive link does not hold for the 1970s and 1980s, when a substantial portion of foreign investment went to countries with repressive governments. [source] An Empirical Analysis of Strike Durations in Ghana from 1980 to 2004LABOUR, Issue 3 2009Anthony Y. Baah The empirical approach uses a set of well-known parametric accelerated failure time strike duration models. There is a broad consensus among the different empirical models about the role exerted on average strike duration by strike size, the rate of inflation, enterprise ownership, and political governance. However, evidence on the relationship between strike durations and business cycle activity in Ghana is less clear-cut. [source] Labour Flows as Determinants of the Wage,Price Spiral: An Empirical Analysis for The NetherlandsLABOUR, Issue 2 2001Lourens Broersma This study presents an empirical analysis of the influence of labour market flows on wage and price formation. A system of wage, price and employment equations after Nickell (Oxford Bulletin of Economics and Statistics 49: 103,128, 1987) is estimated, including labour flows as indicators of labour market tightness in the wage equation. An impulse response analysis using this system shows how changes in the flow of layoffs (flow from employment to unemployment) may be the basis of short-run Phillips curve effects in The Netherlands [source] | |||||||||||||||||||||||||||||||||||||||||||||||||