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Market Potential and the Rise of Us Productivity Leadership

Liu, Dan - 2013

The US advantage in per capita output, apparent from the late 19th century, is frequently attributed to its relatively large domestic market. We construct market potential measures for the US and 26 other countries between 1880 and 1913 based on a general equilibrium model of production and...

Persistent link: https://www.econbiz.de/10013086325

Market Potential and Global Growth Over the Long Twentieth Century

Jacks, David S. - 2016

We examine the evolution of market potential and its role in driving economic growth over the long twentieth century. Theoretically, we exploit a structural gravity model to derive a closed-form solution for a widely-used measure of market potential. We are thus able to express market potential...

Persistent link: https://www.econbiz.de/10012981102

Mortgage Market Design

Campbell, John Y. - 2012

This paper explores the causes and consequences of cross-country variation in mortgage market structure. It draws on insights from several fields: urban economics, asset pricing, behavioral finance, financial intermediation, and macroeconomics. It discusses lessons from the credit boom, the...

Persistent link: https://www.econbiz.de/10013101510

Endogenous Market Structures in International Trade

Horstmann, Ignatius J.; Markusen, James R. - 2021

Almost all of the large literature on international trade with imperfect competition assumes exogenous market structures. The purpose of this paper is to develop a simple model that generates alternative market structures as Nash equilibria for different parameterizations of the basic model....

Persistent link: https://www.econbiz.de/10013222615

Market Structure and Innovation : A Dynamic Analysis of the Global Automobile Industry

Hashmi, Aamir Rafique - 2010

and positive if it is measured by the inverse of concentration; (3) A key determinant of a firm's innovation intensity is …

Persistent link: https://www.econbiz.de/10013143775

Big Banks and Macroeconomic Outcomes : Theory and Cross-Country Evidence of Granularity

Bremus, Franziska - 2013

concentration is associated with a positive and significant relationship between bank-level credit growth and aggregate growth of …

Persistent link: https://www.econbiz.de/10013081202

The Evolution of Corporate Ownership after IPO : The Impact of Investor Protection

Foley, C. Fritz - 2014

Recent research documents that ownership concentration is higher in countries with weak investor protection. However … firms in countries with strong investor protection are more likely to experience decreases in ownership concentration after … explanations for the diffusion of ownership that could distort our interpretations. We conclude that ownership concentration falls …

Persistent link: https://www.econbiz.de/10012751043

The Riddle of the Great Pyramids

Morck, Randall - 2013

Large pyramidal family controlled business groups are the predominant form of business organization outside America, Britain, Germany, and Japan. Large pyramidal groups comprising dozens, even hundreds, or listed and unlisted firms place the governance of large swathes of many countries' big...

Persistent link: https://www.econbiz.de/10012753143

Optimal Currency Shares in International Reserves : The Impact of the Euro and the Prospects for the Dollar

Papaioannou, Elias - 2010

Foreign exchange reserve accumulation has risen dramatically in recent years. The introduction of the euro, greater liquidity in other major currencies, and the rising current account deficits and external debt of the United States have increased the pressure on central banks to diversify away...

Persistent link: https://www.econbiz.de/10012761272

Across-Country Wage Compression in Multinationals

Hjort, Jonas; Li, Xuan; Sarsons, Heather - 2022

Many employers link wages at the firm’s establishments outside of the home region to the level at headquarters. Multinationals that anchor-to-the headquarters also transmit wage changes arising from shocks to minimum wages and exchange rates in the home country/state to their foreign...

Persistent link: https://www.econbiz.de/10013324724