Xuất bản: 27 July, 2022
Using a nationwide survey of provincial institutional quality and a sample of private manufacturing small and medium scale enterprises (the SMEs), this paper is the first to examine the effects of corruption on financial performance of the Vietnamese...
Corruption and Firm Financial Performance: New Evidence from Vietnam
Using a nationwide survey of provincial institutional quality and a sample of private manufacturing small and medium scale enterprises (the SMEs), this paper is the first to examine the effects of corruption on financial performance of the Vietnamese private SMEs. Interestingly, contrary to previous findings, the study finds that corruption as measured by a dummy […]
Xuất bản: 27 July, 2022
This article examines the structure of gender and ethnic wage gaps, and the distribution of both paid and unpaid work in LAC countries. The results indicate that women are highly discriminated in the job market and undertake most of the domestic activities...
Gender and Ethnicity in Bolivia, Ecuador,and Guatemala
This article examines the structure of gender and ethnic wage gaps, and the distribution of both paid and unpaid work in LAC countries. The results indicate that women are highly discriminated in the job market and undertake most of the domestic activities of the households. The indigenous population also suffers from discrimination, but the wage […]
Xuất bản: 27 July, 2022
This paper considers an innite-horizon monetary economy with collateralized assets in which only commodities can be used as collateral. A Central Bank lends money to households by creating short- and long-term loans. Households can deposit or borrow...
Collateral monetary equilibrium with liquidity constraints
in an in_nite horizon economy
This paper considers an innite-horizon monetary economy with collateralized assets in which only commodities can be used as collateral. A Central Bank lends money to households by creating short- and long-term loans. Households can deposit or borrow money on both short- and long-term maturity; they face a cash-in-advance constraint when buying commodities of nancial assets. […]
Xuất bản: 27 July, 2022
We investigate the diversification benefits and optimal portfolio allocation across different US asset classes. Our results from applying the principal component analysis (PCA) show that although there is an increasing trend in market integration, five...
Diversification benefits and strategic portfolio allocation across
asset classes: the case of the US markets
We investigate the diversification benefits and optimal portfolio allocation across different US asset classes. Our results from applying the principal component analysis (PCA) show that although there is an increasing trend in market integration, five major financial markets (equities, bonds, currencies, commodities, and real estate) appear to be weakly and at most moderately integrated. Applying […]
Xuất bản: 27 July, 2022
The paper examines the behaviour of idiosyncratic volatility in the Vietnamese stock market from 2007-2012. Using daily and monthly data, we find that idiosyncratic volatility cannot predict one-month ahead stock returns in the stock market. Also, there...
Does Idiosyncratic Risk matter in the Vietnamese
Stock Market?
The paper examines the behaviour of idiosyncratic volatility in the Vietnamese stock market from 2007-2012. Using daily and monthly data, we find that idiosyncratic volatility cannot predict one-month ahead stock returns in the stock market. Also, there is a positive trend in the average value-weighted idiosyncratic volatility, while the market volatility exhibits negative trend, implying […]
Xuất bản: 27 July, 2022
This paper studies the role of public policy in promoting industrial transformation from an imitationbased, low-skill economy to an innovation-based, high-skill economy, where technological progress now occurs through the domestic invention of ideas....
Public Policy and Industrial Transformation
in the Process of Development
This paper studies the role of public policy in promoting industrial transformation from an imitationbased, low-skill economy to an innovation-based, high-skill economy, where technological progress now occurs through the domestic invention of ideas. Industrial transformation is measured by changes in an index of industrial structure, defined as the ratio of the variety of imitation- to […]