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    Marina Selini Katsaiti

    on om ic s an d Fi na nc e W or ki ng P ap er S er ie s
    Research Interests:
    This paper investigates whether non-primary exports directly or indirectly cause economic growth in the United Arab Emirates (UAE). This study performs the Johansen test to examine the presence of co-integration between the variables in... more
    This paper investigates whether non-primary exports directly or indirectly cause economic growth in the United Arab Emirates (UAE). This study performs the Johansen test to examine the presence of co-integration between the variables in an augmented production function. The Granger causality test is performed to investigate the short-run causality between non-primary exports and economic growth, while the long-run causality is investigated by employing the Toda and Yamamoto procedure. The empirical analysis indicates that the variables are co-integrated, and that short-run causality runs from non-primary exports to economic growth; results exhibit no evidence of direct causality from non-primary exports to economic growth in the long-run.
    The goal of this paper is to revisit the influential work of Mauro [1995] focus-ing on the strength of his results under weak identification. He finds a negative impact of corruption on investment and economic growth that appears to be... more
    The goal of this paper is to revisit the influential work of Mauro [1995] focus-ing on the strength of his results under weak identification. He finds a negative impact of corruption on investment and economic growth that appears to be robust to endogeneity when using two-stage least squares (2SLS). Since the inception of Mauro [1995], much literature has focused on 2SLS methods revealing the dan-gers of estimation and thus inference under weak identification. We reproduce the original results of Mauro [1995] with a high level of confidence and show that the instrument used in the original work is in fact ’weak ’ as defined by Staiger and Stock [1997]. Thus we update the analysis using a test statistic robust to weak instruments. Our results suggest that under Mauro’s original model there is a high probability that the parameters of interest are locally almost unidentified in multivariate specifications. To address this problem, we also investigate other instruments commonly used in...
    We present an overlapping-generations (OLG) macroeconomic model that applies a behavioral interpretation of preferences for goods that generate health risks. In this paper proneness to poor health is viewed as a cognitive miscalculation... more
    We present an overlapping-generations (OLG) macroeconomic model that applies a behavioral interpretation of preferences for goods that generate health risks. In this paper proneness to poor health is viewed as a cognitive miscalculation by economic agents between their expected health state over various consumption bundles and the actual health care they require for their health outcome. To model this the paper borrows insight from prospect theory and applies the referencedependent preference framework to the specication of out utility model. In our model of the economy individual preferences are decomposed into intrinsic consumption utility and gain-loss utility associated with the miscalculation. Agents in the economy are stratied in their health states as well as their expected health care consumption according to some probability measure over the population. Heterogeneity introduced in this way generates consumers of varied proneness to risk associated with consumption of unheal...
    We present an overlapping-generations (OLG) macroeconomic model that applies a behavioral interpretation of preferences for goods that generate health risks. In this paper proneness to poor health is viewed as a cognitive miscalculation... more
    We present an overlapping-generations (OLG) macroeconomic model that applies a behavioral interpretation of preferences for goods that generate health risks. In this paper proneness to poor health is viewed as a cognitive miscalculation by economic agents between their expected health state over various consumption bundles and the actual health care they require for their health outcome. To model this the paper borrows insight from prospect theory and applies the reference-dependent preference framework to the specification of out utility model. In our model of the economy individual preferences are decomposed into intrinsic consumption utility and gain-loss utility associated with the miscalculation. Agents in the economy are stratified in their health states as well as their expected health care consumption according to some probability measure over the population. Heterogeneity introduced in this way generates consumers of varied proneness to risk associated with consumption of u...
    It is well documented that resource-rich countries, on average, have experienced poor growth performance compared to non-resource economies, often described as the "resource curse". Weak governance and institutional... more
    It is well documented that resource-rich countries, on average, have experienced poor growth performance compared to non-resource economies, often described as the "resource curse". Weak governance and institutional infrastructure could have a direct negative eect on growth by lowering the productivity of the economy. In addition, in more shock-prone economies, such as oil exporters, bad institutions can also aect
    This series presents research findings based either directly on data from the German Socio-Economic Panel Study (SOEP) or using SOEP data as part of an internationally comparable data set (e.g. CNEF, ECHP, LIS, LWS, CHER/PACO). SOEP is a... more
    This series presents research findings based either directly on data from the German Socio-Economic Panel Study (SOEP) or using SOEP data as part of an internationally comparable data set (e.g. CNEF, ECHP, LIS, LWS, CHER/PACO). SOEP is a truly multidisciplinary household panel study covering a wide range of social and behavioral sciences: economics, sociology, psychology, survey methodology, econometrics and applied statistics, educational science, political science, public health, behavioral genetics, demography, geography, and sport science. The decision to publish a submission in SOEPpapers is made by a board of editors chosen by the DIW Berlin to represent the wide range of disciplines covered by SOEP. There is no external referee process and papers are either accepted or rejected without revision. Papers appear in this series as works in progress and may also appear elsewhere. They often represent preliminary studies and are circulated to encourage discussion. Citation of such ...
    Demography, Vol. 26, No. 1, February 1989 Relative Deprivation and International Migration Oded Stark Harvard University, 9 Bow Street, Cambridge, Massachusetts 02138, and Bar-Ilan University, Ramat-Gan, Israel J. Edward Taylor University... more
    Demography, Vol. 26, No. 1, February 1989 Relative Deprivation and International Migration Oded Stark Harvard University, 9 Bow Street, Cambridge, Massachusetts 02138, and Bar-Ilan University, Ramat-Gan, Israel J. Edward Taylor University of California, Davis, California ...
    ABSTRACT
    Investigate how religion may affect the perception of health states among adults in the United Arab Emirates and the implications for research on self-reported health and quality of life and the use of values in cost-effectiveness... more
    Investigate how religion may affect the perception of health states among adults in the United Arab Emirates and the implications for research on self-reported health and quality of life and the use of values in cost-effectiveness analysis. Qualitative analysis of short-structured interviews with adult Emiratis carried out by a market research agency.The COREQ criteria have been used where appropriate to guide the reporting of our findings. Participants were recruited from shopping malls and other public places in the cities of Al Ain and Abu Dhabi. Two hundred adult Emiratis broadly representative of the Emirati population in terms of age and gender. Eighty one per cent of participants said that their perception of health states was influenced by their spiritual or religious beliefs. The two overarching themes that seemed to explain or classify these influences were 'fatalism' and 'preservation of life'. Subthemes included powerlessness to change what is preordained...
    The United Arab Emirates during the past 45 years has achieved startling economic growth rates; therefore, it is crucial to examine the consumption pattern in the UAE. This study aims to introduce the pattern of the household consumption... more
    The United Arab Emirates during the past 45 years has achieved startling economic growth rates; therefore, it is crucial to examine the consumption pattern in the UAE. This study aims to introduce the pattern of the household consumption behavior to the literature. The outcome of this study can provide useful information to policy makers by allowing them to gain important insights on household’s consumption needs and expenditure allocation. This study used survey data collected from interviewing random household participants in malls in Dubai, Abu Dhabi, and Alain. On March 2015 a sample of 254 were examined, of men and women, and expatriates and nationals. We investigate consumption habits of the type of goods and services people buy, normal against luxuries. Then, we use empirical estimations to examine the determinants of household expenditures. In our study, we find that in general nationals spend more than expatriates do; for the whole sample, most expenditure is concentrated o...
    Research Interests:
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    The purpose of this paper is to empirically examine whether economic dependence on various natural resources is associated with lower investment in health, after controlling for countries׳ geographical and historical fixed effects,... more
    The purpose of this paper is to empirically examine whether economic dependence on various natural resources is associated with lower investment in health, after controlling for countries׳ geographical and historical fixed effects, corruption, autocratic regimes, income levels, and initial health status. Employing panel data for 118 countries for the period 1990-2008, we find no compelling evidence in support of a negative effect of resources on healthcare spending and outcomes. On the contrary, higher dependence on agricultural exports is associated with higher healthcare spending, higher life expectancy, and lower diabetes rates. Similarly, healthcare spending increases with higher mineral intensity. Finally, more hydrocarbon resource rents are associated with less diabetes and obesity rates. There is however evidence that public health provision relative to the size of the economy declines with greater hydrocarbon resource-intensity; the magnitude of this effect is less severe in non-democratic countries.
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    ABSTRACT Weighing the current world affairs, there seems to be strong association between natural resources, corruption, and bad economic performance. We empirically investigate the interplay between different institutional qualities and... more
    ABSTRACT Weighing the current world affairs, there seems to be strong association between natural resources, corruption, and bad economic performance. We empirically investigate the interplay between different institutional qualities and fiscal policy, and their effect on resource-abundant economies’ growth. In particular, the study contributes to the existing literature by disentangling the indirect effect of institutions on growth through the “quality of fiscal performance” transmission channel. Using yearly panel data on 79 resource and non-resource countries for the period 1984–2008, we find that the quality of fiscal policy – and not the quantity (government size) – matters to growth in the group of resource-rich countries. We also find that not all types of socio-economic and political institutions impact growth in the same manner. Better governance, stronger democratic institutions, and transparent budgets improve fiscal performance, leading to higher growth rates. Democratic and budget institutions seem to be in effect only through the fiscal channel but not independently.
    In the absence of carbon sequestration, mitigating carbon emissions can be achieved through a mix of two broad policy approaches: (i) reducing energy intensity by improving energy efficiency and conservation, and (ii) changing the fuel... more
    In the absence of carbon sequestration, mitigating carbon emissions can be achieved through a mix of two broad policy approaches: (i) reducing energy intensity by improving energy efficiency and conservation, and (ii) changing the fuel mix. This paper investigates the long-run relationship between energy intensity, the energy mix, and per capita carbon emissions; while controlling for the level of economic activity, the economic structure measured by the relative size of the manufacturing sector, and the differences in institutional qualities across countries. We aim to answer two particularly important policy questions. First, to what extent these policy approaches are effective in mitigating emissions in the long-run? Second, which institutional qualities significantly contribute to better long-run environmental performance? We use historical data for 131 countries in a heterogeneous panel framework for the period 1972-2010. We find that less dependence on fossil fuel and lower energy intensity reduce emissions in the long run. A goal of 10% reduction in CO2 levels in the long-run requires reducing the share of fossil fuel in total energy use by 11%, or reducing energy intensity by 13%. In addition, specific institutional qualities such as better corruption control and judiciary independence contribute to mitigating levels of emissions.
    This study examines whether there are differences between domestic and foreign owned firms operating in Greece, and in particular it focuses on financial management characteristics of the firms under investigation. The data come from the... more
    This study examines whether there are differences between domestic and foreign owned firms operating in Greece, and in particular it focuses on financial management characteristics of the firms under investigation. The data come from the individual ...
    This dissertation consists of three essays which analyze different economic aspects related to obesity. The first essay investigates the impact of (i) individual impatience, (ii) large service sector, (iii) credit constraints, and (iv)... more
    This dissertation consists of three essays which analyze different economic aspects related to obesity. The first essay investigates the impact of (i) individual impatience, (ii) large service sector, (iii) credit constraints, and (iv) technological growth on food consumption ...