Outputs (5)

Stock market literacy, trust, and participation (2014)
Journal Article
Balloch, A., Nicolae, A., & Philip, D. (2015). Stock market literacy, trust, and participation. Review of Finance, 19(5), 1925-1963. https://doi.org/10.1093/rof/rfu040

This article studies the importance of stock market literacy and trust for stock ownership decisions. We find that these two distinct channels simultaneously explain not only the probability of participation, but, conditional on participation, also e... Read More about Stock market literacy, trust, and participation.

How do momentum strategies ‘score’ against individual investors in Taiwan, Hong Kong and Korea? (2014)
Journal Article
Hung, C., & Banerjee, A. (2014). How do momentum strategies ‘score’ against individual investors in Taiwan, Hong Kong and Korea?. Emerging Markets Review, 21, 67-81. https://doi.org/10.1016/j.ememar.2014.08.001

We compare the momentum strategies to “naive” uninformed strategies in Taiwan, Hong Kong, and Korea. The high participation of individual investors in these economies makes it an ideal setting to use the score function proposed by Banerjee and Hung (... Read More about How do momentum strategies ‘score’ against individual investors in Taiwan, Hong Kong and Korea?.

The Effect of the Financial Crisis on TFP Growth: A General Equilibrium Approach. (2014)
Preprint / Working Paper
Millard, S., & Nicolae, A. The Effect of the Financial Crisis on TFP Growth: A General Equilibrium Approach

In this paper, we use a simple endogenous growth model to show how a financial crisis might have a permanent effect on the level of total factor productivity (TFP). In the model, a financial shock leads to a rise in the spread between the rate of int... Read More about The Effect of the Financial Crisis on TFP Growth: A General Equilibrium Approach..

Is India Shining? (2014)
Journal Article
Banerjee, A., & Banik, N. (2014). Is India Shining?. Review of Development Economics, 18(1), 59-72. https://doi.org/10.1111/rode.12069

The popular perception about economic reforms having benefitted only the richer districts of India between 1999/2000 and 2004/2005 is investigated. Using the spatial dynamics of district-level per-capita income it was found that income distribution d... Read More about Is India Shining?.

Functional cointegration: definition and nonparametric estimation (2014)
Journal Article
Banerjee, A., & Pitarakis, J. (2014). Functional cointegration: definition and nonparametric estimation. Studies in Nonlinear Dynamics & Econometrics, 18(5), 507-520. https://doi.org/10.1515/snde-2013-0083

We formally define a concept of functional cointegration linking the dynamics of two time series via a functional coefficient. This is achieved through the use of a concept of summability as an alternative to I(1)’ness which is no longer suitable und... Read More about Functional cointegration: definition and nonparametric estimation.