This paper examines the home bias phenomenon in international finance at the industry level. Using unique financial datasets, I calculate the sectoral home bias of 27 industries in 43 countries. The empirical findings include: (1) home bias is stronger when and where capital restrictions are greater, (2) nontradable sectors exhibit stronger home bias, and (3) home bias decreases in sectoral pro...

In the care of patients, the prevention of nosocomial infections is crucial. For it to be successful, cross-sectoral, interface-oriented hygiene quality management is necessary. The goal is to apply the HACCP (Hazard Assessment and Critical Control Points) concept to hospital hygiene, in order to create a multi-dimensional hygiene control system based on hygiene indicators that will overcome th...

This paper investigates whether aid flows to developing countries fit well with their development priorities. In particular, we examine aid allocation across sectors in a given recipient country by using sectoral data on aid and indicators that measure the recipient’s need for aid in each sector. The data show that inter-recipient aid allocation reflects the recipient’s need. However, we found ...

The first thing to remember is that in India the history of rural credit, poverty alleviation and microFinance are inextricably interwoven. Any effort to understand one without reference to the others, can only lead to a fragmented understanding. The forces and compulsions that shaped the initiatives in these areas are best understood in context of State and banking policy over time. Thus, for ...

This paper examines the short-run and long-run determinants of final oil consumption in seven major economic sectors in Thailand. Two different approaches are compared. The first approach uses dynamic panel data estimation techniques taking into account oil consumption of the whole economy in an aggregate manner. The second approach employs the ADL equilibrium correction framework to model oil ...

This paper decomposes OECD convergence into contributions from sectoral productivity growth and contributions from employment shift across sectors. While productivity growth in services and agriculture contributed significantly to convergence, the contributions from employment shift and productivity growth in manufacturing are statistically insignificant. JEL: O41, O47

In this paper, employing VAR and factor analytic models with quarterly U.K. sectoral business investment data, we show that both common and sector–specific shocks play important roles in explaining business investment fluctuations. JEL: C32, E22, E32.

5

In this paper, in order to study the impact of o¤shoring on sectoral and economywide rates of unemployment, we construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by search frictions. We …nd that, contrary to general perception, wage increases and sectoral unemployment decreases due to o¤shoring. This result can be underst...