Showing 1 - 8 of 8
This paper shows that geographical investor heterogeneity strongly influences sovereign risk. While standard sovereign debt models mainly attribute the absence of sovereign defaults to foreign creditor retaliation, a new theoretical literature argues that domestic creditors also affect borrowing...
Persistent link: https://www.econbiz.de/10002577962
it can be used to account for some of the observed differences between Sweden and the US in this respect. Our normative …
Persistent link: https://www.econbiz.de/10002482570
tested by an in-depth examination of the experiences of Sweden and the US. Despite large levels of R&D spending and … comprehensive government support schemes, science-based entrepre-neurship has been far less important in Sweden compared to the US … Sweden in some areas is consistent with these changes. Our analysis suggests that a policy aimed at encouraging science …
Persistent link: https://www.econbiz.de/10001600032
The size-wage effect is well documented in the empirical literature, and typical attempts of explanation center on the supply side, using variations of the human capital approach, perhaps combined with institutional theories. With conclusive evidence of its source yet to emerge, an alternative...
Persistent link: https://www.econbiz.de/10001607833
address this question by characterizing and evaluating the policy pursued in Sweden and the US, two countries that put a great … record, there is an impression of laggard rates of commercialization of academic research results in Sweden. Although there …
Persistent link: https://www.econbiz.de/10001607835
This paper investigates the relative labor productivity level for total manufacturing in Germany, Sweden and the US for …
Persistent link: https://www.econbiz.de/10001923058
This paper studies the effects of financial liberalization and banking crises on growth. It shows that financial … liberalization spurs on average economic growth. Banking crises are harmful for growth, but to a lesser extent in countries with open …
Persistent link: https://www.econbiz.de/10002380051
The growth effects of international financial liberalization and integration are investigated using the methodology and data developed by Rajan and Zingales (1998). The main result is that industries highly dependent on external financing do not experience higher growth in value added in...
Persistent link: https://www.econbiz.de/10001711192