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on Cultural Economics |
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Issue of 2014‒12‒03
three papers chosen by Roberto Zanola Università degli Studi del Piemonte Orientale “Amedeo Avogadro” |
| By: | Châtaignier, Arnaud; Ahmed, Ashraf Awadelkarim Widaa; Teslenko, Maxim; Markendahl, Jan |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:itse14:101394&r=cul |
| By: | Jetter, Michael (Universidad EAFIT) |
| Abstract: | This paper systematically analyzes media attention devoted to terrorist attacks worldwide between 1998 and 2012. Several aspects are related to predicting media attention. First, suicide missions receive significantly more coverage, which could explain their increased popularity among terrorist groups. This result is further supported by Oaxaca-Blinder decompositions, suggesting that it is not the particular characteristics of suicide attacks (e.g., more casualties) that are driving heightened media attention. Second, less attention is devoted to attacks in countries located further away from the US. Third, acts of terror in countries governed by leftist administrations draw more coverage. However, this finding is not confirmed for suicide attacks conducted in countries ruled by leftist administrations. Fourth, the more a country trades with the US, the more media coverage an attack in that country receives. Finally, media attention of any terror attack is both predictive of the likelihood of another strike in the affected country within seven days' time and of a reduced interval until the next attack. |
| Keywords: | terrorism, media attention, suicide attacks, political orientation |
| JEL: | F52 L82 N40 Z12 |
| Date: | 2014–09 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp8497&r=cul |
| By: | Huong Dang (University of Canterbury, Department of Economics and Finance & ZenTra) |
| Abstract: | This study examines the effects of national culture and institutional characteristics on the rating migration dynamics of countries rated by Standard & Poor’s (S&P) during the period January 1985 - October 2011. The study finds that national culture and institutional charac-teristics have significant effects, particularly on the probability of a downgrade. The effects of culture are robust to various controls and samples. There is also evidence that S&P’s past rating behaviours and Moody’s recent rating impact on S&P’s subsequent rating re-grades; however, the effect of Moody’s rating and Watchlist is not as strong as the impact of other control variables. |
| Keywords: | sovereign rating, national culture, institutional characteristics, hazard model, time-varying covariates |
| JEL: | G24 G28 H63 |
| Date: | 2014–11 |
| URL: | http://d.repec.org/n?u=RePEc:zen:wpaper:42&r=cul |