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This study investigates how geographic and linguistic characteristics of immigrants’ origin countries affect the spillover effect on trade with third party countries. The results provide clear evidence of an inter-ethnic spillover effect and, within it, separately identify the role of spoken...
This study examines the impact of government payment arrears accumulation on the stability of the banking industry, taking into account the role played by institutional quality in 17 selected SSA countries. The study employed a panel threshold regression model using data from World Bank and...
This study examines the duration of fixed exchange rate regimes to determine the factors that impact the probability of an exit from a peg. Using de facto exchange rate regime classification, we find that duration of a peg is non-monotonic. The results of the semi-parametric proportional hazard...
Many economic historians have argued that adherence to the gold standard was an important obstacle to recovery from the Great Depression. It is therefore important to understand the factors that affected a country’s determination to remain on gold. Here I explore a neglected but fundamental...
In this paper, I examine the impact of eye and hair color on wages at one’s first-job after completing schooling. Evidence suggests that having blond/red hair has a positive impact on wages, particularly for white people and females. Using detailed ethnic origin information collected by the...
Although the superstar effect has been documented in sports tournaments, there are few empirical tests outside sports. We estimate the impact of superstars in a classroom. We find that college students in a classroom with superior academic performers earn grades about 1% lower than when they are...
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