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Selected Publications


Alessie, R. , V. Angelini, J. O. Mierau, and L. Viluma (2018) Economic Downturns and Infant Health. Economics and Human Biology, 30 (Sept.), 162-171.

Angelini, V. , M. Bertoni, and L. Corazzini (2018). Does Paternal Unemployment Affect Young Adult Offspring's Personality? Journal of Human Capital, 12 (3), 542-567.

Bijlsma, M., J. Boone, and G. Zwart (2018). Competition for Traders and Risk. The RAND Journal of Economics, 49 (4), 855-876.

Brinkhuis, E., and B. Scholtens (2018). Investor Response to Appointment of Female CEOs and CFOs. The Leadership Quarterly, 29 (3), 423-441.

Chilosi, D. , M. Schulze, and O. Volckart (2018). Benefits of Empire? Capital Market Integration North and South of the Alps, 1350-1800. Journal of Economic History, 78 (3), 637-672.

Gallardo Albarrán, D. (2018). Health and Economic Development since 1900. Economics & Human Biology, 31 (Sept.), 228-237.

Gaultier, P., and J. Moraga González (2018). Search Intensity, Wage Dispersion and the Minimum Wage. Labour Economics, 50 (3), 80-86.

Green, C.P., and S. Homroy (2018). Female Directors, Board Committees and Firm Performance. European Economic Review, 102 (Feb.), 19-38.

Howdon, D. , and N. Rice (2018). Health Care Expenditures, Age, Proximity to Death and Morbidity: Implications for an Ageing Population. Journal of Health Economics, 57 (Jan.), 60-74.

Juodis, A. (2018). Pseudo Panel Data Models With Cohort Interactive Effects. Journal of Business & Economic Statistics, 36 (1), 47-61.

Leeuwen, C. van, and M. Mulder (2018). Power-to-Gas in Electricity Markets Dominated by Renewables. Applied Energy, 232 (Dec.), 258-272.

Nakamura, L.I., and K. Roszbach (2018). Credit Ratings, Private Information, and Bank Monitoring Ability. Journal of Financial Intermediation, 36 (Oct.), 58-73.

Péter, N., P. Lundborg, S. Mikkelsen, and D. Webbink (2018). The Effect of a Sibling's Gender on Earnings and Family Formation. Labour Economics, 54 (Oct.), 61-78.

Trinks, A., B. Scholtens, M. Mulder, and L. Dam (2018). Fossil Fuel Divestment and Portfolio Performance. Ecological Economics, 146 (Apr.), 740-748.

Wallis, P., J. Colson, and D. Chilosi (2018). Structural Change and Economic Growth in the British Economy before the Industrial Revolution, 1500–1800. Journal of Economic History, 78 (3), 868-903.

Willems, B. and G. Zwart (2018). Optimal Regulation of Network Expansion. Rand Journal of Economics, 49 (1), 23-42.


Angelini, V. , M. Bertoni, and L. Corazzini (2017). Unpacking the Determinants of Life Satisfaction: A Survey Experiment. Journal of the Royal Statistical Society. Series A: Statistics in Society, 180 (1), 225-246.

Bijlsma, M., J. Boone, and G. Zwart (2017). The Complementarity between Risk Adjustment and Community Rating: Distorting Market Outcomes to Facilitate Redistribution. Journal of Public Economics, 155 (Nov.), 21-37.

Bulte, E., R. Lensink, and N.V. Nhung Vu (2017). Do Gender and Business Trainings Affect Business Outcomes? Experimental Evidence from Vietnam. Management Science, 63 (9), 2885-2902.

Bun, M.J.G., M.A. Carree, and A. Juodis (2017). On Maximum Likelihood Estimation of Dynamic Panel Data Models. Oxford Bulletin of Economics and Statistics, 79 (4), 463-494.

Buser, T., N. Péter, and S.C. Wolter (2017). Gender, Competitiveness, and Study Choices in High School: Evidence from Switzerland. American Economic Review, 107 (5), 125-130.

Curtain, R.F., H.J. Zwart, and O.V. Iftime (2017). A Kleinman–Newton Construction of the Maximal Solution of the Infinite-Dimensional Control Riccati Equation. Automatica, 86 (Dec.), 147-153.

Dijkstra, P.T., M.A. Haan, and M. Mulder (2017). Industry Structure and Collusion with Uniform Yardstick Competition: Theory and Experiments. International Journal of Industrial Organization, 50 (Jan.), 1-33.

Elhorst, J.P. , P. Heijnen, A. Samarina, and. J.P.A.M. Jacobs (2017). Transitions at Different Moments in Time: A Spatial Probit Approach. Journal of Applied Econometrics, 32 (2), 422-439.

Gonenc, H. , and B. Scholtens (2017). Environmental and Financial Performance of Fossil Fuel Firms: A Closer Inspection of their Interaction. Ecological Economics, 132 (Feb), 307-328.

Heijdra, B. , F. Kindermann, L. Reijnders (2017). Life in Shackles? The Quantitative Implications of Reforming the Educational Loan System. Review of Economic Dynamics, 25 (Apr.), 37-57.

Iftime, O.V. (2017). On the Newton-Kleinman Method for Strongly Stabilizable Infinite-Dimensional Systems. Automatica, 79 (May), 218-222.

Kox, H., B. Straathof, and G. Zwart (2017). Targeted Advertising, Platform Competition and Privacy. Journal of Economics & Management Strategy, 26 (3), 557-570.

Lach, S. and J.L. Moraga González (2017). Asymmetric Price Effects of Competition. Journal of Industrial Economics, 65 (4), 767-803.

Meijer, E., L. Spierdijk, and T. Wansbeek (2017). Consistent Estimation of Linear Panel Data Models with Measurement Error. Journal of Econometrics, 200 (2), 169-180.

Melesse, M.B. and F. Cecchi (2017). Does Market Experience Attenuate Risk Aversion? Evidence from Landed Farm Households in Ethiopia. World Development, 98 (Oct.), 447-466.

Moraga-Gonzalez, J.L. , Z. Sandor, and M.R. Wildenbeest (2017). Prices and Heterogeneous Search Costs. Rand Journal of Economics, 48 (1), 125-146.

Ollar, M. and A. Penta (2017). Full Implementation and Belief Restrictions. American Economic Review, 107 (8), 2243-2277.

Scholtens, L. (2017). Why Finance Should Care about Ecology. Trends in Ecology & Evolution, 32 (7), 500-505.

Yesilyurt, M.E., and J.P. Elhorst (2017). Impacts of Neighboring Countries on Military Expenditures: A Dynamic Spatial Panel Approach. Journal of Peace Research, 54 (6), 777-790.


Allers M , Vermeulen W (2016). Capitalization of equalizing grants and the flypaper effect. Regional Science and Urban Economics.58:115-129. Available from, DOI: 10.1016/j.regsciurbeco.2016.03.005

Allers MA, Geertsema JB (2016). The effects of local government amalgamation on public spending, taxation, and service levels: Evidence from 15 years of municipal consolidation. Journal of Regional Science. 56(4):659-682. Available from, DOI: 10.1111/jors.12268

Bolt J , Hillbom E (2016). Long term trends in economic inequality: Lessons from colonial Botswana 1921–1974. Economic History Review. 69(4):1250-1284.

Bumann S, Lensink B (2016). Capital account liberalization and income inequality. Journal of International Money and Finance. 61:143-162. Available from, DOI: 10.1016/j.jimonfin.2015.10.004

Cerqueiro G, Ongena S, Roszbach K (2016). Collateralization, bank loan rates and monitoring. Journal of Finance. 71(3):1295-1322. Available from, DOI: 10.1111/jofi.12214

de Brock EO (2016). Declarative semantics of transactions in ORM. Information Systems. 60:85-94. Available from, DOI: 10.1016/

de Bruin B (2016). Pledging integrity: Oaths as forms of business management. Journal of Business Ethics. 136(1):23-42. Available from, DOI: 10.1007/s10551-014-2504-1

De Cesari A, Gonenc H, Ozkan N (2016). The effects of corporate acquisitions on CEO compensation and CEO turnover of family firms. Journal of Corporate Finance. 38:294-317. Available from, DOI: 10.1016/j.jcorpfin.2016.01.017

Fernandes NO, Gonenc H (2016). Multinationals and cash holdings. Journal of Corporate Finance. 39:139-154. Available from, DOI: 10.1016/j.jcorpfin.2016.06.003

Gautier PA, Moraga González J, Wolthoff RP (2016). Search costs and efficiency: Do unemployed workers search enough? European Economic Review. 84:123-139. Available from, DOI: doi:10.1016/j.euroecorev.2015.04.001

Haan MA (2016). A Rent-Seeking Model of Voluntary Overcompliance. Environmental & Resource Economics. 65(1):297-312. Available from, DOI: 10.1007/s10640-015-9973-2

Halleck Vega S, Elhorst JP (2016). A regional unemployment model simultaneously accounting for serial dynamics, spatial dependence and common factors. Regional Science and Urban Economics. 60:85-95. Available from, DOI: 10.1016/j.regsciurbeco.2016.07.002

Hoepner A, Oikonomou I, Scholtens B, Schröder M (2016). The effects of corporate and country sustainability characteristics on the cost of debt: An international investigation. Journal of Business Finance & Accounting. 15;43(1-2):158-190. Available from, DOI: 10.1111/jbfa.12183

Iftime O (2016). From a standard factorization to a J-spectral factorization for a class of infinite-dimensional systems. Automatica. 63:133-137. Available from, DOI: 10.1016/j.automatica.2015.10.021

Kramer MM (2016). Financial literacy, confidence and financial advice seeking. Journal of Economic Behavior & Organization. 1;131(Part A):198-217. Available from, DOI: 10.1016/j.jebo.2016.08.016

Kuper GH, Mulder M (2016). Cross-border constraints, institutional changes and integration of the Dutch-German gas market. Energy Economics. 4;53:182-192. Available from, DOI: 10.1016/j.eneco.2014.09.009

Sayinzoga A, Bulte EH, Lensink R (2016). Financial literacy and financial behaviour: Experimental evidence from rural Rwanda. Economic Journal. 126(594):1571-1591. Available from, DOI: 10.1111/ecoj.12217Timmer MP,

Veenstra J , Woltjer PJ (2016). The Yankees of Europe? A new view on technology and productivity in german manufacturing in the early twentieth century. Journal of Economic History. 76(3):874-908. Available from, DOI: 10.1017/S0022050716000760

van Duuren E, Plantinga A, Scholtens B (2016). ESG integration and the investment management process: Fundamental investing reinvented. Journal of Business Ethics. 138(3):525-533. Available from, DOI: 10.1007/s10551-015-2610-8

van Eijkel R, Kuper GH, Moraga González JL (2016). Do firms sell forward for strategic reasons? An application to the wholesale market for natural gas. International Journal of Industrial Organization. 49:1-35. Available from, DOI: 10.1016/j.ijindorg.2016.07.001

Yu S, Jong-A-Pin R (2016). Political leader survival: does competence matter? Public Choice. 166(1-2):113-142. Available from, DOI: 10.1007/s11127-016-0317-8

Zsidisin GA, Petkova BN, Dam L (2016). Examining the influence of supply chain glitches on shareholder wealth:: does the reason matter? International Journal of Production Research. 54(1):69-82. Available from, DOI: 10.1080/00207543.2015.1015751


Allers M. (2015) The Dutch local government bailout puzzle. Public Administration. 93(2):451-470. Available from: 10.1111/padm.12123

Bekker P, Crudu F. (2015) Jackknife instrumental variable estimation with heteroskedasticity. Journal of Econometrics. 332–342. Available from: 10.1016/j.jeconom.2014.08.012

Dam L, Scholtens L . (2015). Toward a theory of responsible investing: On the economic foundations of corporate social responsibility. Resource and Energy Economics. 41:103-121. Available from, DOI: 10.1016/j.reseneeco.2015.04.008

de Bresser J, Knoef M (2015). Can the Dutch meet their own retirement expenditure goals? Labour Economics. 1;34:100-117. Available from, DOI: 10.1016/j.labeco.2015.03.014

Dijkstra TK, Henseler J. Consistent partial least squares path modeling. MIS Quarterly. 39(2):297-U335.

Dungey M, Jacobs JPAM, Tian J, van Norden S (2015). Trend in cycle or cycle in trend? New structural identifications for unobserved components models of U.S. real GDP. Macroeconomic Dynamics. 19(4):776-790. Available from, DOI: 10.1017/S1365100513000606

Gangopadhyay S, Lensink R, Yadav B. (2015) Cash or In-kind Transfers? Evidence from a Randomised Controlled Trial in Delhi, India. Journal of Development Studies. 51(6):660-673. Available from: 10.1080/00220388.2014.997219

Heijnen P, Haan MA, Soetevent AR. (2015) Screening for collusion: A spatial statistics approach. Journal of Economic Geography. 15(2):417-448. Available from: 10.1093/jeg/lbu012

Hooghiemstra R, Hermes C, Emanuels J (2015). National culture and internal control disclosures: A cross-country analysis. Corporate Governance - An International Review. 23(4):357–377. Available from, DOI: 10.1111/corg.12099

Huizingh E, Mulder M. (2015) Effectiveness of regulatory interventions on firm behavior: a randomized field experiment with e-commerce firms. Small Business Economics. 45(4):825-840. Available from: 10.1007/s11187-015-9666-9

Moraga González JL, Viaene J-M. (2015) Antidumping, intra-industry trade, and quality reversals. International Economic Review. 56(3):777-803. Available from: 10.1111/iere.12122

Mulder M. (2015) Competition in the Dutch electricity wholesale market: An empirical analysis over 2006-2011. The Energy Journal. 36(2):1-28

Mulder M, Petrikaite V, Scholtens B. Distributed energy generation techniques and the competitive fringe effect in electricity markets. Resource and Energy Economics. 42:125-140. Available from, DOI: 10.1016/j.reseneeco.2015.07.004

Shaffer S, Spierdijk L (2015). The Panzar-Rosse Revenue Test and Market Power in Banking. Journal of Banking & Finance. 61:340–347. Available from, DOI: 10.1016/j.jbankfin.2015.09.019

van den Berg M, Lensink R, Servin R. (2015) Loan officers' gender and microfinance repayment rates. Journal of Development Studies. 51(9):1241-1254. Available from: 10.1080/00220388.2014.997218

van Huizen T, Alessie R (2016). Time preferences and career investments. Labour Economics. 35:77-92. Available from, DOI: 10.1016/j.labeco.2015.03.017

Veenstra J. (2015) Output growth in German manufacturing, 1907–1936. A reinterpretation of time-series evidence. Explorations in economic history. Available from: 10.1016/j.eeh.2015.03.001

Vega SH, Elhorst JP. (2015) The SLX Model. Journal of Regional Science. 55(3):339-363. Available from: 10.1111/jors.12188

Veltrop D, Hermes C, Postma T, de Haan J. (2015) A Tale of Two Factions: Why and When Factional Demographic Faultlines Hurt Board Performance. Corporate governance-An international review. 23(2):145-160. Available from: 10.1111/corg.12098


Angelini V, Cavapozzi D, Corazzini L, Paccagnella O (2014). Do Danes and Italians rate life satisfaction in the same way? Using vignettes to correct for individual-specific scale biases. Oxford Bulletin of Economics and Statistics. 76(5):643-666.

Angelini V, Mierau JO. (2014) Born at the right time? Childhood health and the business cycle. Social Science & Medicine. 109:35-43. Available from: 10.1016/j.socscimed.2014.03.014

Bezemer DJ, Bolt J, Lensink BW. (2014) Slavery, statehood, and economic development in Sub-Saharan Africa. World Development. 57(5):148-163. Available from: 10.1016/j.worlddev.2013.12.004

Bolt J, van Zanden JL. (2014) The Maddison Project: collaborative research on historical national accounts. Economic History Review. 67(3):627-651. Available from: 10.1111/1468-0289.12032

Bruno A, De Cao E, Peracchi F (2014). Using panel data to partially identify HIV prevelance when HIV status is not missing at random. Journal of the Royal Statistical Society. Series A: Statistics in Society. 177(3):587-606.

Dam L, Petkova B. (2014) The impact of environmental supply chain sustainability programs on shareholder wealth. International Journal of Operations & Production Management. 34(5):586-609. Available from: 10.1108/IJOPM-10-2012-0482

Deckers T, Hanck C (2014). Multiple testing for output convergence. Macroeconomic Dynamics. 18(1):199-214.

Dijkstra TK (2014). PLS'Janus face: Response to Professor Rigdon's 'Rethinking partial least squares modeling: In praise of simple methods'. Long Range Planning. 47(3):146-153.

Dijkstra TK, Schermelleh-Engel K (2014). Consistent partial least squares for nonlinear structural equation models. Psychometrika. 79(4):585-604. Available from, DOI: 10.1007/s11336-013-9370-0

Felso FA, Soetevent AR. (2014) Broad and narrow bracketing in gift certificate spending. European Economic Review. 66:284-302. Available from: 10.1016/j.euroecorev.2013.11.011

Goyal A, Muckley CB, von Eije J. (2014) Does the information content of payout initiations and omissions influence firm risks?. Journal of Econometrics. 183(2):222-229. Available from: 10.1016/j.jeconom.2014.05.012

Heijdra BJ, Mierau JO, Reijnders LSM. (2014) A tragedy of annuitization? Longevity insurance in general equilibrium. Macroeconomic Dynamics. 18(7):1607-1634. Available from: 10.107/s1365100513000072

Henseler J, Dijkstra TK, Sarstedt M, Ringle CM, (2014) Diamantopoulos A, Straub DW et al. Common Beliefs and Reality About PLS: Comments on Ronnkko and Evermann (2013). Organizational Research Methods. 17(2):182-209. Available from: 10.1177/1094428114526928

Klasing MJ, Milionis P. (2014) Quantifying the evolution of world trade, 1870-1949. Journal of International Economics. 92(1):185-197. Available from: 10.1016/j.jinteco.2013.10.010

Klasing MJ, Milionis P. (2014) Cultural constriants on innovation-based growth. Economic Inquiry. 52(2):796-810. Available from: 10.1111/ecin.12067

Lensink R, Meesters A. (2014) Institutions and bank performance: A stochastic frontier analysis. Oxford Bulletin of Economics and Statistics. 76(1):67-92. Available from: 10.1111/obes.12002

Mastrogiacomo M, Alessie R. (2014) The precautionary savings motive and household savings. Oxford economic papers-New series. 66(1):164-187. Available from: 10.1093/oep/gpt028

Mierau JO, Turnovsky SJ. (2014) Demography, growth, and inequality. Economic Theory. 2014 Jan;55(1):29-68. Available from: 10.1007/s00199-013-0749-z

Munisi G, Hermes N, Randoy T. (2014) Corporate boards and ownership structure: Evidence from Sub-Saharan Africa. International Business Review. 23:785–796. Available from: 10.1016/j.ibusrev.2013.12.001

Rigdon E, Becker J-M, Rai A, Ringle CM, Diamantopoulos A, Karahanna E et al. (2014) Conflating antecedents and formative indicators: a comment on Aguirre-Urreta and Marakas. Information Systems Research. 25(4):780-784. Available from: 10.1287/isre.2014.0543

Soetevent AR, Haan MA, Heijnen P. (2014) Do auctions and forced divestitures increase competition?: evidence for retail gasoline markets. Journal of Industrial Economics. 62(3):467-502. Available from: 10.1111/joie.12054

Spierdijk L, Koning RH. (2014) Estimating outstanding claim liabilities: the role of unobserved risk factors. Journal of risk and insurance. 81(4):803-830. Available from: 10.1111/j.1539-6975.2013.01518.x

Spierdijk L, Umar Z. (2014) Stocks for the long run?: Evidence from emerging markets. Journal of International Money and Finance. 47:217-238. Available from: 10.1016/j.jimonfin.2014.06.003

Stelder T. (2014) Regional accessibility in Europe: the impact of road infrastructure 1957-2012. Regional Studies. 1-13. Available from: 10.1080/00343404.2014.952721

van der Made A. (2014) Information provision by interest groups. Environmental and Resource Economics. 58(4):649-664. Available from: 10.1007/s10640-013-9714-3

Walraven M, Bijmolt THA, Koning RH. (2014) Dynamic Effects of Sponsoring: How Sponsorship Awareness Develops Over Time. Journal of Advertising. 43(2):142-154. Available from: 10.1080/00913367.2013.835754

Zeilstra AS, Elhorst JP. (2014) Integrated Analysis of Regional and National Unemployment Differentials in the European Union. Regional Studies. 48(10):1739-1755. Available from: 10.1080/00343404.2012.708404

Laatst gewijzigd:28 maart 2019 11:35