Browsing by Author "Bivolaku, Klendeta"

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    Effekten av makrotillsynsregleringar på bostadspriser
    (2020-05-28) Bivolaku, Klendeta; Kurkinen, Anna; University of Gothenburg/Department of Economics; Göteborgs universitet/Institutionen för nationalekonomi med statistik
    The aim of the thesis is to investigate the effect of implemented macroprudential tools after the financial crisis in 2008 on residential real estate prices. The aim is furthermore to compare the effect between different groups of macroprudential tools, specifically borrowing based measures and requirements on financial institutions’ capital buffers. The sample used in this study is 30 European countries during the time period 2007-2018. The study is conducted using a two-way fixed-effect panel data model with control variables. The model was implemented using stepwise regression. The results of the robust fixed-effects model show that an increase in borrowing based measures have a statistically significant impact on reducing the growth rate of real estate prices, both initially when the measures are implemented and in the following year. The results furthermore show that increases in borrowing based measures have a greater impact on the growth rate of real estate prices, than what increases in regulatory requirements on financial institutions’ capital buffers have. Finally, the results are inconclusive regarding effects that increases in regulatory requirements on financial institutions’ capital buffers have on the growth rate of real estate prices.
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    Navigating the Happiness Economics Landscape: Mapping the Influences on Life Satisfaction and Possible Interventions
    (2023-06-29) Bivolaku, Klendeta; Hellqvist, Linn; University of Gothenburg/Graduate School; Göteborgs universitet/Graduate School
    This study explores factors that influence subjective well-being in low- and middle-income countries by analysing unique individual- and country-level data. The study focuses on several unexplored determinants including personality traits, economic shocks and cultural differences. UtilisingWorld Bank’s STEP household survey and WVS we find that extraversion, agreeableness and emotional stability are positively associated with well-being. Both conscientiousness and decision-making are shown to be negatively correlated with well-being. Furthermore, we find that women’s subjective well-being is more negatively pronounced by increased conscientiousness compared to men, and the same relationship holds for grit. Additionally, we find that children experiencing economic shocks show a lower level of well-being later in life. From a policy perspective, we find a positive and significant relationship between access to health insurance and well-being. Indicating that having access to health insurance contributes to a, on average, higher level of subjective well-being. These findings can be of use to future policymakers but should also be further researched with the aim of causality.