An empirical model of the Brazilian country risk -- an extension of the beta country risk model |
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| Authors: | Joaquim Andrade Vladimir K. Teles |
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| Affiliation: | 1. University of Macedonia, Department of Economics;2. Centre for European Labour Market Research, University of Aberdeen, Edward Wright Building, Dunbar Street, Aberdeen AB24 3QY and University of Macedonia, Department of Economics |
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| Abstract: | The paper examines the distribution of unemployment experience in Britain within the framework of the Han and Hausman semi-parametric estimator, which has the advantage of circumventing problems associated with individual heterogeneity arising from unobserved individual characteristics. The results imply that the unemployment burden is unequally distributed among the working population. Males and females bear an unequal unemployment burden. The study casts light on the characteristics of those individuals who are most likely to experience a high unemployment burden. |
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