| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4378 |
| DP4378 Trust and Trustworthiness Among Europeans: South-North Comparison | |
| Andrea Ichino; Karl Schlag; Fabian Bornhorst; Eyal Winter | |
| 发表日期 | 2004-05-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper looks at the determinants of country- and industry-specific factors in international portfolio returns using a sample of 36 countries and 39 industries over the last three decades. Country factors have remained relatively stable over the sample period while industry factors have significantly increased during the last decade. The importance of industry and country factors is correlated with measures of international economic and financial integration and development. Country factors are smaller for countries integrated in world financial markets and have declined as the degree of financial integration and the number of countries pursuing financial liberalizations has increased. Higher international financial integration within an industry increases the importance of industry factors in explaining returns. Economic integration of production also helps in explaining returns. Countries with a more specialized production activity have higher country factors. |
| 主题 | International Macroeconomics |
| 关键词 | Financial integration Portfolio investment Emerging markets |
| URL | https://cepr.org/publications/dp4378 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533332 |
| 推荐引用方式 GB/T 7714 | Andrea Ichino,Karl Schlag,Fabian Bornhorst,et al. DP4378 Trust and Trustworthiness Among Europeans: South-North Comparison. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
