We investigate the spillover of macroeconomic uncertainty between the U.S. and China since 2002.
Following Jurado et al. (2015), we construct a monthly aggregate macroeconomic uncertainty index for
China from 224 economic variables. The structural vector autoregression model suggests a unidirectional
spillover of macroeconomic uncertainty from the U.S. to China. Both U.S. and Chinese uncertainty have
negative effects on China’s real economy, but the impact of U.S. uncertainty is greater.

Empirical evidence for the effect of stock liquidity on firm value is limited and mixed due to a severe endogeneity problem. This article adds to the literature on this topic by providing new empirical evidence using the nontradable share reform in China as a quasi-natural experiment. Our results show that higher stock liquidity can lead to significant firm value improvement.

This research aims to find the determinants of participation on social organizations in Chile through a social capital approach, as well as to evaluate the existence of a positive effect between participation and household welfare. In the case of economic and local organizations several regressions for participation and income were run.

In this paper, we compare the performance of a homogeneous organization in which group members and the leader belong to the same group, with a heterogeneous organization in which the leader is an outsider. Using a modified public goods game in which leaders’ performance in a real effort task determines the marginal return to the public good we focus on the effect of shared group membership on: i) the effort of the leader in the real effort task, ii) cooperation of group members and iii) group members’ payoffs.

Most research in queuing has focused on the optimisation of performance and equilibrium analysis, with little attention to the understanding of how managers actually make decisions. In this paper, we use an experimental set-up to investigate the decision-making process in a queuing capacity expansion problem, in the presence of capacity adjustment delays. The experiment represents a queuing system with one facility and virtual customers who decide whether or not to patronise the facility.

The gender wage gap is notable not just for its persistence and ubiquity but also for its variation across regions and countries. A natural question is how greater workforce participation by women matters to female wages and the gender wage gap. Within India, a seeming paradox is that gender differentials in agricultural wages are the largest in southern regions of India that are otherwise favorable to women. Ester Boserup hypothesized that this is due to greater labor force participation by women in these regions.