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A Matching Model of Endogenous Growth and Underground Firms
Lisi, Gaetano; Pugno, Maurizio - Volkswirtschaftliche Fakultät, … - 2015
Economic growth and unemployment exhibit an ambiguous relationship – according to empirical studies. This ambiguity can be investigated by observing the role of the underground economy in shaping the productivity of firms. Indeed, unemployment may be absorbed by underground firms, which adopt...
Persistent link: https://www.econbiz.de/10011212957
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How do firms choose legal form of organization?
Cole, Rebel - Volkswirtschaftliche Fakultät, … - 2011
In this study, we analyze the firm’s choice of legal form of organization (“LFO”). We find that only about one in three firms begins operations as a proprietorship, while almost as many begin as limited-liability companies and as corporations. Moreover, this distribution is remarkably...
Persistent link: https://www.econbiz.de/10009226802
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Bank credit, trade credit or no credit: Evidence from the Surveys of Small Business Finances
Cole, Rebel - Volkswirtschaftliche Fakultät, … - 2010
In this study, we use data from the SSBFs to provide new information about the use of credit by small businesses in the U.S. More specifically, we first analyze firms that do and do not use credit; and then analyze why some firms use trade credit while others use bank credit. We find that one in...
Persistent link: https://www.econbiz.de/10008615030
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Entrepreneurship and the Hidden Economy: An Extended Matching Model
Pugno, Maurizio; Lisi, Gaetano - Volkswirtschaftliche Fakultät, … - 2010
This paper develops a labour market matching model in order to address the problem of the persistence of the hidden sector and of its regional concentration, as in Italy and in the enlarged Europe. The main novel features of the model are that entrepreneurial ability affects job productivity,...
Persistent link: https://www.econbiz.de/10008646819
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Entrepreneurship, job creation, income empowerment and poverty reduction in low-income economies
Adenutsi, Deodat E. - Volkswirtschaftliche Fakultät, … - 2009
The fundamental objective of this paper is to provide an insight into the role of entrepreneurship in job creation … the theoretical underpinnings of the linkages of entrepreneurship to job creation, income empowerment and poverty … cycle of poverty which has predominantly characterised low-income economies. The paper argues that entrepreneurship is the …
Persistent link: https://www.econbiz.de/10008876876
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The Underground Economy in a Matching Model of Endogenous Growth
Lisi, Gaetano; Pugno, Maurizio - Volkswirtschaftliche Fakultät, … - 2011
A matching model will explain both unemployment and economic growth by considering the underground sector. Three problems can thus be simultaneously accounted for: (i) the persistence of underground economy, (ii) the ambiguous relationships between underground employment and unemployment, and...
Persistent link: https://www.econbiz.de/10009132744