Academics and policy makers require a better understanding of the variation of policies that regu... more Academics and policy makers require a better understanding of the variation of policies that regulate global migration, asylum and immigrant naturalization. At present, however, there is no comprehensive cross‐national, time‐series database of such policies, rendering the analysis of policy trends across and within these areas difficult at best. Several new immigration databases and indices have been developed in recent years. However, there is no consensus on how best to conceptualize, measure and aggregate migration policy indicators to allow for meaningful comparisons through time and across space. This article discusses these methodological challenges and introduces practical solutions that involve historical, multi‐dimensional, disaggregated and transparent conceptualizing, measuring and compiling of cross‐national immigration policies. Such an approach informs the International Migration Policy and Law Analysis (IMPALA) database.
In this paper, we analyze the global impact of the mobility of talented workers on human capital ... more In this paper, we analyze the global impact of the mobility of talented workers on human capital accumulation. We derive testable predictions from a stylized theoretical model and test them using an original panel data set on international migration by educational attainment. We obtain conditional convergence of schooling indicators over the period 1975-2000. Our …ndings also reveal that skilled migration fosters human capital accumulation in low-income countries. On the contrary, we …nd no evidence of a signi…cant incentive mechanism in middle-income and, unsuprisingly, in high-income countries. JEL Classi…cations: O15-O40-F22-F43
La these comporte deux parties. Dans la premiere partie (Chapitres 1 et 2), un examen des determi... more La these comporte deux parties. Dans la premiere partie (Chapitres 1 et 2), un examen des determinants des interventions officielles sur le marche des changes est proposee. Dans la second partie (Chapitres 3 et 4), c'est la problematique des interventions dites « secretes » qui est etudiee. Chapitre 1: « Talks, financial operations or both »Ce chapitre propose une nouvelle approche aux fonctions de reaction permettant d’examiner, dans un meme modele, les determinants des differents types d’interventions (les interventions effectives et les interventions orales). Le modele permet de mieux comprendre les choix strategiques des autorites (operations financieres ou simple politique de communication) et d’en evaluer le degre de substituabilite ou de complementarite.Chapitre 2 : « The institutional organization underlying interventions »La structure institutionnelle sous-jacente au processus d’intervention (interactions entre le Ministere des finances et la banque centrale) est explicitement incorporee dans le modele propose dans ce chapitre. Cette approche permet d’evaluer, dans quelle mesure, le Ministere des finances (l’autorite responsable de la politique de change), en intervenant sur le marche, internalise les objectifs de la banque centrale(l’agent du Ministere pour l’implementation des ordres d’intervention).Chapitre 3 : « The secrecy puzzle »Ce chapitre propose une evaluation empirique des differents arguments theoriques expliquant le recours aux interventions secretes. Le travail repose sur l’examen econometrique d’une fonction de strategie, dans laquelle, des determinants relatifs a la decision d’intervenir secretement d’une part et, d’autre part, des determinants relatifs a la detection des interventions par le marche sont incorpores.Chapitre 4 : « A unified approach to interventions »Un modele unique, permettant d’expliquer les trois etapes du processus d’intervention, est propose dans ce chapitre. Ces trois etapes sont relatives (i) au choix d’intervenir, (ii) au choix d’intervenir de facon secrete et (iii) a la perception des interventions par le marche. Grâce a l’inclusion de determinants specifiques pour ces differentes etapes, cette approche multidimensionnelle permet d’apprehender leurs interrelations et, donc, de mieux comprendre les differents arbitrages realises par les autorites lorsqu’elles decident d’intervenir.
Page 1. The European Journal of Finance, Vol. 14, No. 8, December 2008, 663686 International non... more Page 1. The European Journal of Finance, Vol. 14, No. 8, December 2008, 663686 International nonlinear causality between stock markets Michel Beinea,b,c, Gunther Capelle-Blancardd∗ and Hélène Raymonde aUniversity ...
ABSTRACT The paper deals with the fear-of-losing-customers argument for price rigidity. We addres... more ABSTRACT The paper deals with the fear-of-losing-customers argument for price rigidity. We address the following question: does the fact that customers are subject to non-renewal clause foster price flexibility? Using a new database in which customers are forced to change their subscription each year, we find that sluggishness in price adjustment exists even when customers are forced to shift from one product to another. Our empirical methodology also allows to account for unobserved heterogeneity and other features of the publishing sector. Classification JEL : C23, E3, E31
Academics and policy makers require a better understanding of the variation of policies that regu... more Academics and policy makers require a better understanding of the variation of policies that regulate global migration, asylum and immigrant naturalization. At present, however, there is no comprehensive cross‐national, time‐series database of such policies, rendering the analysis of policy trends across and within these areas difficult at best. Several new immigration databases and indices have been developed in recent years. However, there is no consensus on how best to conceptualize, measure and aggregate migration policy indicators to allow for meaningful comparisons through time and across space. This article discusses these methodological challenges and introduces practical solutions that involve historical, multi‐dimensional, disaggregated and transparent conceptualizing, measuring and compiling of cross‐national immigration policies. Such an approach informs the International Migration Policy and Law Analysis (IMPALA) database.
In this paper, we analyze the global impact of the mobility of talented workers on human capital ... more In this paper, we analyze the global impact of the mobility of talented workers on human capital accumulation. We derive testable predictions from a stylized theoretical model and test them using an original panel data set on international migration by educational attainment. We obtain conditional convergence of schooling indicators over the period 1975-2000. Our …ndings also reveal that skilled migration fosters human capital accumulation in low-income countries. On the contrary, we …nd no evidence of a signi…cant incentive mechanism in middle-income and, unsuprisingly, in high-income countries. JEL Classi…cations: O15-O40-F22-F43
La these comporte deux parties. Dans la premiere partie (Chapitres 1 et 2), un examen des determi... more La these comporte deux parties. Dans la premiere partie (Chapitres 1 et 2), un examen des determinants des interventions officielles sur le marche des changes est proposee. Dans la second partie (Chapitres 3 et 4), c'est la problematique des interventions dites « secretes » qui est etudiee. Chapitre 1: « Talks, financial operations or both »Ce chapitre propose une nouvelle approche aux fonctions de reaction permettant d’examiner, dans un meme modele, les determinants des differents types d’interventions (les interventions effectives et les interventions orales). Le modele permet de mieux comprendre les choix strategiques des autorites (operations financieres ou simple politique de communication) et d’en evaluer le degre de substituabilite ou de complementarite.Chapitre 2 : « The institutional organization underlying interventions »La structure institutionnelle sous-jacente au processus d’intervention (interactions entre le Ministere des finances et la banque centrale) est explicitement incorporee dans le modele propose dans ce chapitre. Cette approche permet d’evaluer, dans quelle mesure, le Ministere des finances (l’autorite responsable de la politique de change), en intervenant sur le marche, internalise les objectifs de la banque centrale(l’agent du Ministere pour l’implementation des ordres d’intervention).Chapitre 3 : « The secrecy puzzle »Ce chapitre propose une evaluation empirique des differents arguments theoriques expliquant le recours aux interventions secretes. Le travail repose sur l’examen econometrique d’une fonction de strategie, dans laquelle, des determinants relatifs a la decision d’intervenir secretement d’une part et, d’autre part, des determinants relatifs a la detection des interventions par le marche sont incorpores.Chapitre 4 : « A unified approach to interventions »Un modele unique, permettant d’expliquer les trois etapes du processus d’intervention, est propose dans ce chapitre. Ces trois etapes sont relatives (i) au choix d’intervenir, (ii) au choix d’intervenir de facon secrete et (iii) a la perception des interventions par le marche. Grâce a l’inclusion de determinants specifiques pour ces differentes etapes, cette approche multidimensionnelle permet d’apprehender leurs interrelations et, donc, de mieux comprendre les differents arbitrages realises par les autorites lorsqu’elles decident d’intervenir.
Page 1. The European Journal of Finance, Vol. 14, No. 8, December 2008, 663686 International non... more Page 1. The European Journal of Finance, Vol. 14, No. 8, December 2008, 663686 International nonlinear causality between stock markets Michel Beinea,b,c, Gunther Capelle-Blancardd∗ and Hélène Raymonde aUniversity ...
ABSTRACT The paper deals with the fear-of-losing-customers argument for price rigidity. We addres... more ABSTRACT The paper deals with the fear-of-losing-customers argument for price rigidity. We address the following question: does the fact that customers are subject to non-renewal clause foster price flexibility? Using a new database in which customers are forced to change their subscription each year, we find that sluggishness in price adjustment exists even when customers are forced to shift from one product to another. Our empirical methodology also allows to account for unobserved heterogeneity and other features of the publishing sector. Classification JEL : C23, E3, E31
Uploads
Papers by M. Beine