Showing 1 - 10 of 11
To examine the drivers of innovation, this paper studies the global R and D effort to fight the deadliest diseases and presents four results. We find: (1) global pharmaceutical R and D activity-measured by clinical trials-typically follows the 'law of diminishing effort': id est the elasticity...
Persistent link: https://www.econbiz.de/10012518690
debt. Debt concentration is maximized when the wedge between ownership and control is the largest. This is the case when …
Persistent link: https://www.econbiz.de/10011373923
Concentration risk is an important feature of many banking sectors, especially in emerging and small economies. Under … the Basel Framework, Pillar 1 capital requirements for credit risk do not cover concentration risk, and those calculated … asymptotic results, to calculate capital requirements for name and sector concentration risk in banks' portfolios. The proposed …
Persistent link: https://www.econbiz.de/10011715110
large constituent of intangible investment, may be leading to wage stagnation and greater market concentration …
Persistent link: https://www.econbiz.de/10012302067
This paper contributes to the literature by introducing the role of geographic concentration of the source of … (ii) the geographic concentration of the source of remittances on economic volatilities. Results suggest that while (i …) large remittances can be stabilizing on average, (ii) high remittance concentration from source countries can aggravate …
Persistent link: https://www.econbiz.de/10012252729
The paper focuses on the impact of diversification on bank performance and how consolidation through mergers and acquisitions (M and A) affects the banking sector's stability in the Eastern Caribbean Currency Union (ECCU). The paper finds that a lower level of loan portfolio diversification...
Persistent link: https://www.econbiz.de/10011852546
This paper examines the effects on the supply of credit of the concentration of financial institutions in Argentina … that followed the crisis caused by the December 1994 devaluation of the Mexican peso. While the concentration process may …
Persistent link: https://www.econbiz.de/10014403360
We estimate the subnational employment and GDP multiplier of Brazil's 2020 federal cash transfers to vulnerable households. Using two-stage least squares regressions we estimate a formal employment multiplier and then apply an analytical transformation to recover an implied GDP multiplier in the...
Persistent link: https://www.econbiz.de/10013169975
We document the short-term impact of the COVID-19 pandemic on the Brazilian labor market focusing on employment, wages and hours worked using the nationally representative household surveys PNAD-Continua and PNAD COVID. Sectors most susceptible to the shock because they are more...
Persistent link: https://www.econbiz.de/10012518867
Employment is key to combating poverty. Thus, detractors of social assistance programs argue that they create disincentives to work. While there is substantial evidence showing limited effects of these programs on overall labor supply, the jury is still out with respect to their impact on formal...
Persistent link: https://www.econbiz.de/10012252007