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Manove, Michael; Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 1998

In the course of ordinary business, commercial banks frequently encounter entrepreneurs seeking loans for the purpose … of financing new or continuing projects. These entrepreneurs are frequently unrealistic, their perception having been … relationship between banks and possible optimistic entrepreneurs. We examine this capital market from the stand-point of economic …

Persistent link: https://www.econbiz.de/10005791403

Growing like China

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2009

credit markets. Due to the financial imperfections, high-productivity firms - which are run by entrepreneurs - must be …

Persistent link: https://www.econbiz.de/10005123794

Entrepreneurial Innovations, Competition and Competition Policy

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2008

We construct a model where an entrepreneur could either innovate for entry or for sale. It is shown that increased product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased competition reduces entrants' and acquirers' profits in a...

Persistent link: https://www.econbiz.de/10005497863

The Taxation of Entrepreneurial Income in a Transition Economy: Issues Raised by Experience in Poland

MEP, Grabowski; Maciej, Dariusz; Smith, Stephen - C.E.P.R. Discussion Papers - 1995

to the taxation of entrepreneurs in transition economies. …

Persistent link: https://www.econbiz.de/10005656322

Spain's International Position, 1850-1913

Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2009

Spain's financial position during the late 19th and early 20th century has usually been presented as one of persistent …

Persistent link: https://www.econbiz.de/10008458296

Growth and Macroeconomic Performance in Spain, 1939-93

Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 1995

institutional and macroeconomic features as the ultimate explanations of Spain's post-war growth performance. The following main … relative stagnation of the transition from Franco's dictatorship to democracy (1975-85), which ended with Spain's membership of …

Persistent link: https://www.econbiz.de/10005666440

Why is Spanish Unemployment so High?

Dolado, Juan J.; Jimeno, Juan F - C.E.P.R. Discussion Papers - 1995

In this paper we analyse the underlying causes behind Spanish unemployment which is now at 24%. We interpret this unfortunate outcome as the result of a series of adverse shocks, compounded by disinflationary policies and by a flawed system of labour market institutions. Our aim is to explain...

Persistent link: https://www.econbiz.de/10005667046

Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?

de la Fuente, Angel - C.E.P.R. Discussion Papers - 2002

This Paper compares the observed distribution of the stock of infrastructures across the Spanish regions with the optimal allocation derived from a planning problem in which the observed degree of ex-post redistribution is taken as given. The results suggest that Spanish public investment policy...

Persistent link: https://www.econbiz.de/10005792256

Regional Convergence in Spain, 1965-95

de la Fuente, Angel - C.E.P.R. Discussion Papers - 2002

This Paper explores the sources of convergence in income per capita across the Spanish regions using a decomposition of this variable into employment and productivity factors and an estimate of a regional production function.

Persistent link: https://www.econbiz.de/10005792411

Competition in Spanish Banking

Caminal, Ramon; Gual, Jordi; Vives, Xavier - C.E.P.R. Discussion Papers - 1989

financial market. Banking in Spain has undergone a strong liberalization process in the last fifteen years, which has …

Persistent link: https://www.econbiz.de/10005792462