Research Highlight
57 results
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Girls’ and boys’ performance in competitions: What we can learn from a Korean quiz show We compare the performance of high-ability adolescent girls and boys who participated in a long-running Korean television quiz show. There is a significant gender gap in performance – in favour of boy...
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Sectoral Price Facts in a Sticky-Price Model We develop a multisector sticky-price DSGE model that can endogenously deliver differential responses of prices to aggregate and sectoral shocks. Input-output production linkages and a (standard) mone...
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A doubly corrected robust variance estimator for linear GMM We propose a new finite sample corrected variance estimator for the linear generalized method of moments (GMM) including the one-step, two-step, and iterated estimators. Our formula also corrects the ...
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Dynamics or Dilemma: Assessing the Innovation Systems of Three Satellite Platform Regions (Singapore, Dublin and Penang) This study attempts to put forward a quantitative assessment via patent-based indexes to frame the innovation dynamics of three highly acknowledged Satellite Platform regions – Singapore, Dublin and P...
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Evolution of innovation systems of two industrial districts in East Asia: transformation and upgrade from a peripheral system and the role of the core firms, Samsung and TSMC This study investigates the dynamic evolution of the innovation systems of two industrial regions in Asia, namely, Hsinchu in Taiwan and Suwon in Korea, including their respective core firms, TSMC (Ta...
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Incentives of Low-Quality Sellers to Disclose Negative Information The paper studies incentives of low-quality sellers to disclose negative information about their product. We develop a model where one’s quality can be communicated via cheap-talk messages only. This ...
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Set-Level Strategic and Psychological Momentum in Best-of-Five Matches in Professional Tennis We provide a theoretical and empirical analysis of the set-level strategic and psychological momentums in best-of-five contests where players have asymmetric abilities. Theoretical predictions match o...
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Dispute Settlement with Second-Order Uncertaint The literature on pretrial dispute settlement has focused on the effect of first-order uncertainty on bargaining, while assuming common knowledge about higher-order beliefs. We study the effect of hig...
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Identifying FDI types: Watch what they do, not what they say or look like This note compares three different schemes to identify FDI types and documents that correlation among different classification schemes is extremely low. Empirical exercises in line with the proximity-...
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Effects of US quantitative easing on emerging market economies We estimate international spillover effects of US Quantitative Easing (QE) on emerging market economies (EMEs). Using a Bayesian panel VAR we find that an expansionary US QE shock has significant effe...