Venue: University of Tartu, School of Economics and Business Administration, J. Liivi 4, Tartu, Estonia
Seminar presentation is limited to 45-60 minutes, followed by a discussion
Please contact: ulle.maidla [ät] ut.ee
Tuesday, 28th November 2017 at 15.00-16.00, J. Liivi 4, room 103
Amaresh Kumar Tiwari (University of Tartu)
PANEL DATA BINARY RESPONSE MODEL IN A TRIANGULAR SYSTEM WITH UNOBSERVED HETEROGENEITY
We relax the common assumption in panel data binary response models that conditional on individual specific unobserved heterogeneity, all covariates are exogenous, and develop a control function method to handle endogeneity and heterogeneity in a parametric setup. The control functions are based on conditional expectations of random effects or random coefficients in the reduced form equations. We discuss semiparametric identification of structural measures using the proposed control functions, and show that they allow for general instruments and imply a weaker restriction compared to control function methods in a similar setup. The method is applied to estimate the causal effects of household income and wealth and midday-meal at schools on child labor. We present Monte Carlo experiments to compare several estimation techniques.
Wednesday, 22nd November 2017 at 14.00-15.00, J. Liivi 4, room 103
Elina Kallas (University of Tartu)
ENTREPRENEURSHIP PATRIOTISM: THE CASE OF ESTONIANS AND RUSSIAN-SPEAKING MINORITY IN ESTONIA
Entrepreneurship serves as a great source of global growth and finding opportunities for enhancing entrepreneurial activities are in policy agendas of many governments. In addition, entrepreneurship can serve as an integration tool for ethnic minorities. The idea of current research is novel – empirically investigate entrepreneurship patriotism, satisfaction with entrepreneurship environment, and entrepreneurship intention on the example of the minority group of Russian-speakers taking into account the perception of external context. The Environment-Readiness Entrepreneurship Intention questionnaire was developed and survey implemented in March 2017 by the means on a self-reported online questionnaire which resulted in responses from Russian-speakers (n=365) and Estonians (n=1127). The research results indicate that there are significant differences in how entrepreneurship patriotism is evaluated by Russian-speaking minority and Estonians showing that minority group evaluated it significantly lower than representatives of the titular population. Herein the ethnic minority entrepreneurship patriotism hypotheses could be derived for further empirical investigations: higher involvement and integration to entrepreneurship activities of minorities will lead to higher loyalty and attachment to the country of residence. The results also indicate that Russian-speakers have higher intention to start up, but lower satisfaction with entrepreneurship environment. Herein, the minorities entrepreneurship obstruction hypotheses could be proposed according to which minorities perceive realistic and imaginary barriers to start up, but they have high start-up intention. The topic is highly relevant, because of global migration and benefits that could be gained from minorities entrepreneurship.
Wednesday, 8th November 2017 at 13.00-14.00, J. Liivi 4, room 214
Priit Vahter, Jaan Masso (University of Tartu)
THE CONTRIBUTION OF MULTINATIONALS TO INEQUALITY: FOREIGN OWNERSHIP AND GENDER WAGE GAP
Whereas there is an abundance of studies documenting the significant wage premium of multinationals (MNE) and the effects of FDI on wage inequality, much less is still known on how foreign ownership affects the gender wage gap of employees at firms. This study shows, based on employer-employee level data from Estonia – a country in the EU with the largest gender wage gap – a regularity: that foreign owned firms have on average substantially larger gender wage gap than domestic owned firms. Among different occupation groups, this result is especially evident among managers. Furthermore, this difference is also evident if we focus on acquisitions of domestic firms by MNEs and estimate its effects based on propensity score matching. The resulting increase in gender wage gap is due to men capturing higher wage premium from working at foreign owned firms than women, although both tend to gain in terms of wages from being employed at MNEs. We find some limited evidence suggesting that the foreign owned-domestic owned firm difference in gender wage gap could potentially be explained with MNEs’ requiring more of continuous commitment from their employees compared to other firms.
Wednesday, 18th October 2017 at 14.00-15.00, J. Liivi 4, room 103
Ricardo Alfredo Mendes Pereira Vicente (University of Tartu)
Sovereign Default and Coalition Formation
The recent Portuguese and Greek histories and empirical research show that central government coalitions play a special role during sovereign debt crises. The empirical literature has confirmed such role by identifying a strong effect of coalitions on the likelihood of sovereign debt default and rescheduling in democracies. In this paper, I develop a sovereign debt model to explain the role of coalitions, and why surplus coalitions are so much more common than previous knowledge would imply. Conditional on the state of the economy, bond prices are weakly higher for coalition government than for single-party government, and this effect is largest when there is a deep recession and the borrowing level is low. Coalitions tend to be formed during periods of mild recession and a large stock of debt. As they are formed in hard times, coalition periods are characterized by high interest rates, which would be higher still under single-party government. Having a long-term perspective favors coalition formation. In general, higher polarization and lower turnover contribute positively to the rate of coalition formation. This provides further rationalization to the formation of surplus coalitions: for large parties, more power increases the incentive to form coalitions. The qualitative real business cycle results of the model are similar to those of other sovereign debt models, and the quantitative results related to sovereign debt are improved.
Wednesday, 4th October 2017 at 12.15-13.15, J. Liivi 4, room 119
Sang-Wook (Stanley) CHO, PhD (University of New South Wales)
SKILL PREMIUM DIVERGENCE: THE ROLES OF TRADE, CAPITAL AND DEMOGRAPHICS
We construct an applied general equilibrium model to account for diverging patterns of the skill premium. Our framework assesses the roles of various factors that affect the demand and supply of skilled and unskilled labor — shifts in the skill composition of the labor supply, changes in the terms of trade and the complementarity between skilled labor and equipment capital in production. We find that increases in relative skilled labor supply due to demographic changes lead to a decline in the skill premium, while equipment capital deepening raises the relative demand for skilled labor which in turn increases the skill premium. In addition, terms of trade changes lead to the reallocation of resources towards sectors in which countries enjoy comparative advantages. Since our model incorporates multiple factors simultaneously, it can generate either rising or falling skill premium paths. When we parametrize the model to the Baltic states— countries that were similar along many dimensions at the onset of their transition from centrally-planned to market-oriented economies— our model can closely account for the diverging patterns of skill premia for the period between 1995 and 2008.
27th September 2017, at 14.00-15.00, J.Liivi Str 4, room 103
Arnoud Berghuis (University of Groeningen)
CORPORATE TIPPING POINTS AT THE MOMENT OF INSOLVENCY
(The economic importance of understanding corporate bankruptcy. Understanding tipping points by using conflict resolution theory)
Remarks by Arnoud Berghuis: I see insolvency as a kind of complex multiparty conflict, where at a certain moment all trust got lost. Simply explained we see at some moment a flourishing organization and suddenly stakeholders withdraw resources and commitment. I tried to understand this complex corporate 'big bang' moment better. Therefore it is important to understand conflict resolution theory first.
Conflict resolution is a fast growing research field. Conflicts are everywhere in our society. We usually tend to solve conflict through courts and legal systems. Every person even knows personal examples. Recognizing how conflicts really work makes the discussions vivid.
The EU issued an directive with the believe that courts are not always the most efficient way to resolve conflict. http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32013L0011
25th May 2017 at 15.15 room B201 Oeconomicum
Mark F. Peterson (Maastricht University, The Netherlands)
Publishing in the Social Sciences: the Editor’s and Author’s Views
Mark F. Peterson (PhD, University of Michigan) holds the Hofstede Chair in Cultural Diversity at Maastricht University. He has published over 120 articles and chapters, and several books. The articles have appeared in major management and international management journals such as Administrative Science Quarterly, the Academy of Management Journal, the Journal of International Business Studies, the Journal of Organizational Behavior, Leadership Quarterly, Human Relations, Management International Review, Organization Studies, and Organization Science. He has also contributed international management themes to the basic social science literature through chapters in the Annual Review of Psychology, the Communication Yearbook, the Handbook of Industrial and Organizational Psychology, and Research in the Sociology of Organizations. He is an Associate Editor for the Journal of Organizational Behavior and an Area Editor for the Journal of International Business Studies.
His previous positions have been at Wayne State University, the University of Miami, Texas Tech University, and Florida Atlantic University. He has had visiting positions supported by Fulbright Fellowships to Osaka University and McMaster University, and he held the John R. Galvin Chair at the Fletcher School of Law and Diplomacy at Tufts University. He has also had visiting positions at the University of Pennsylvania and Aarhus University. Along with Mikael Soendergaard, Geert Hofstede, Michael Minkov, Gert Jan Hofstede, and others, he teaches an annual summer Ph.D. master class in cross cultural management at various locations in Europe. When at his home in Homestead, Florida, he spends his weekends tending to a collection of orchids and making orchid hybrids.
Seminar is organized by the Doctoral School in Economics and Innovation, supported by the European Union, European Regional Development Fund (University of Tartu’s ASTRA project PER ASPERA).
11th May 2017 at14.00, room B202 Oeconomicum
Iiris Aaltio (Jyväskylä University)
Aging Research and Film Analysis
5th May 2017 at 10.00-11.00, room B201 Oeconomicum
Julien Xavier Daubanes (University of Copenhagen), Fanny Henriet (CNRS at PSE), Katheline Schubert (PSE, and CESifo)
More Gas, Less Coal, and Less CO2? Unilateral CO2 Reduction Policies with More Than One Carbon Resources
Wednesday, 3rd May 2017 at 12.00-13.00, room B201 Oeconomicum
Kristian Pentus (University of Tartu)
Neuromarketing research paradigm in our Faculty - Past, Ongoing and Future Research
26th April 2017 at 12.00-13.00, room B202 Oeconomicum
Vakhtang Chkareuli (DoRA PhD Student)
The concept of economic freedom and its impact on economic development
13th April 2017 at 12.00-13.30, room A312 Oeconomicum
Giuseppe Grossi (Kristianstad University)
Governmentality and Performance of Smart cities
See: Summary in English
22nd March 2017 at 12.00-13.00, room B201 Oeconomicum
Matti Sarvimäki (Aalto University, Finland), Roope Uusitalo, Markus Jäntti
Habit Formation and the Misallocation of Labor: Evidence from Forced Migrations
9th March 2017 at14.15-15.15 room B206, Oeconomicum
Maryna Tverdostup, Tiiu Paas (University of Tartu)
Gender-specific Human Capital: Identification and Quantifying its Wage Effects
8th March 2017 at 12.00-13.00 room B202, Oeconomicum
Hakan Eratalay (PhD, Assist. Prof. of Financial Econometrics, European University, St. Petersburg)
Mapping the stocks in MICEX: who is central in Moscow Stock Exchange?
22nd February 2017 at 12.00-13.00 room B201, Oeconomicum
Anneli Kaasa, Maaja Vadi, Urmas Varblane (University of Tartu)
How to Measure Cultural Differences? A Peak into a Research Field
8th February 2017 at 12.00-13.00 room B201, Oeconomicum
Kadri Paes, Anneli Kaasa, Urmas Varblane (University of Tartu)
Regional Cultural Context as a Determinant of Entrepreneurial Behaviour: the Case of Germany
8th December at 16.00 room B206, Oeconomicum
María-del-Mar Camacho-Miñano (Assoc Prof in Accounting from CUNEF – University College of Financial Studies- and UCM –Complutense University of Madrid)
Can We Sense Bankruptcy Using the Content of Management Reports?
15th Nov 2016 at 16.00 room B202, Oeconomicum
Dafnis Coudounaris, PhD (Univerity of Tartu)
Current Research in International Business
28th Sept 2016 at 16.00 room B206, Oeconomicum
Joanna Dzionek-Kozłowska, PhD (Faculty of Economics and Sociology, Univerity of Lodz)
Institutions without Culture
7th Sept 2016 at12.15 room A114, Oeconomicum
Tomasz Dorożyński, PhD (Department of International Trade, University of Lodz)
Poland: Inward and Outward Foreign Direct Investment
17th May 2016 at14.15 room B206, Oeconomicum
1. Dr. Yuriy Kapitsa (director, Centre of Intellectual Property and Technology Transfer, National Academy of Sciences of Ukraine).
The research and innovation system in Ukraine: challanges and aspects of development
2. Dr. Karyna Shakhbazian (Scientific Secretary, Centre of Intellectual Property and Technology Transfer, NAS of Ukraine)
The raising of information technology sector in Ukraine: economy and legal aspects
11th May 2016 at 12.15 room B206, Oeconomicum
Prof. Dr. Pankaj Madan (Gurukul Kangri University, India).
Capability’ development through ICT enabled business opportunity development model of e-Choupal
27th April 2016 at 14.15 room B304, Oeconomicum
Presentation of Prof. Xiao Feng: Current problems of China economy and Challenges of supply-side reforms.
Overview of the Tongji University by prof. Feng and Dr Zhu.
Discussion about the cooperation between School of Economics and Business Administration of University of Tartu and Tongji University
14th April 2016 at 14.15 room B206, Oeconomicum
Karin Jõeveer (Tallinn University of Technology)
Selection of papers in firm financing and bank efficiency
22nd March 2016 at 15.00 room B206, Oeconomicum
Marta Pachocka (Warsaw School of Economics)
EU facing the migrant and refugee crises - trends, factors, consequences, solutions
15th March at 14.15 room B201, Oeconomicum
Amaresh Kumar Tiwari (University of Tartu)
Microeconometric Evidence of Financing Frictions and Innovative Activity
8th March at 14.15 room B304, Oeconomicum
Lucie Tomanová (Silesian University, University of Tartu)
The Exchange Rate Pass-Through to Import and Producer Prices in the Central and Eastern European Countries