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Investment and capital structure of partially private regulated firms
Cambini, Carlo; Spiegel, Yossi - C.E.P.R. Discussion Papers - 2011
We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that incorporates two key institutional features of the public utilities sector in many countries: firms are partially owned by the state and regulators are not necessarily...
Persistent link: https://www.econbiz.de/10009209829
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Natural Resources and Reforms
Amin, Mohammad; Djankov, Simeon - C.E.P.R. Discussion Papers - 2009
economic reforms. We test this hypothesis using data on microeconomic reforms from the World Bank’s Doing Business database …
Persistent link: https://www.econbiz.de/10005666720
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Deregulation of Business
Yakovlev, Evgeny; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2007
exogenous variation in regulation generated by the interaction of reform and its institutional determinants, we find a … health. The results support public choice theory of the nature of regulation and are inconsistent with the predictions of …
Persistent link: https://www.econbiz.de/10005667109
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Regulation and Investment
Alesina, Alberto F; Ardagna, Silvia; Nicoletti, Giorgio; … - C.E.P.R. Discussion Papers - 2003
the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in … several sectors of many OECD countries, we provide substantial and robust evidence that various measures of regulation in the …
Persistent link: https://www.econbiz.de/10005791979
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Democracy and Reforms
Amin, Mohammad; Djankov, Simeon - C.E.P.R. Discussion Papers - 2009
but bring future prosperity. We test these hypotheses, using data on micro-economic reforms from the World Bank’s Doing …
Persistent link: https://www.econbiz.de/10005124381
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Global Banks, Financial Shocks and International Business Cycles: Evidence from an Estimated Model
Kollmann, Robert - C.E.P.R. Discussion Papers - 2012
This paper estimates a two-country model with a global bank, using US and Euro Area (EA) data, and Bayesian methods. The estimated model matches key US and EA business cycle statistics. Empirically, a model version with a bank capital requirement outperforms a structure without such a...
Persistent link: https://www.econbiz.de/10011084059