Similar Search Results

The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy

Jordà, Òscar; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2013

After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty of identifying multipliers from observational data. This paper...

Persistent link: https://www.econbiz.de/10011083942

How Does Investing in Cheap Labour Countries Affect Performance at Home? France and Italy

Barba Navaretti, Giorgio; Castellani, Davide; Disdier, … - C.E.P.R. Discussion Papers - 2006

countries. In Italy they enhance the efficiency of home activities, with also positive long term effect on output and employment …

Persistent link: https://www.econbiz.de/10005666691

Investments Abroad and Performance at Home: Evidence from Italian Multinationals

Barba Navaretti, Giorgio; Castellani, Davide - C.E.P.R. Discussion Papers - 2004

Foreign activities of MNEs have important effects on home economies. The debate is ambiguous: concerns that foreign investments deplete domestic economies are often coupled with the pride for doing good business in foreign countries. This Paper addresses this question by defining the appropriate...

Persistent link: https://www.econbiz.de/10005788953

Do German Welfare-to-Work Programmes Reduce Welfare and Increase Work?

Huber, Martin; Lechner, Michael; Walter, Thomas; … - C.E.P.R. Discussion Papers - 2009

Many Western economies have reformed their welfare systems with the aim of activating welfare recipients by increasing welfare-to-work programmes and job search enforcement. We evaluate the three most important German welfare-to-work programmes implemented after a major reform in January 2005...

Persistent link: https://www.econbiz.de/10004990853

Growth and Risk at the Industry Level: the Real Effects of Financial Liberalization

Levchenko, Andrei A.; Rancière, Romain; Thoenig, Mathias - C.E.P.R. Discussion Papers - 2008

This paper analyzes the effects of financial liberalization on growth and volatility at the industry level in a large sample of countries. We estimate the impact of liberalization on production, employment, firm entry, capital accumulation, and productivity, using both de facto and de jure...

Persistent link: https://www.econbiz.de/10005791902

Grant Support and Exporting Activity

Görg, Holger; Henry, Michael; Strobl, Eric - C.E.P.R. Discussion Papers - 2007

This paper investigates whether government support can act to increase exporting activity. We use a uniquely rich data set on Irish manufacturing plants and employ an empirical strategy that combines a non-parametric matching procedure with a difference-in-differences estimator in order to deal...

Persistent link: https://www.econbiz.de/10005661701

Corporate Efficiency in Europe

Hanousek, Jan; Kocenda, Evzen; Shamshur, Anastasiya - C.E.P.R. Discussion Papers - 2015

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …

Persistent link: https://www.econbiz.de/10011213309

Simultaneous Search and Network Efficiency

Gautier, Pieter A; Holzner, Christian - C.E.P.R. Discussion Papers - 2011

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects network clearing). We show that those frictions and the...

Persistent link: https://www.econbiz.de/10009246606

Inattention to Rare Events

Mackowiak, Bartosz Adam; Wiederholt, Mirko - C.E.P.R. Discussion Papers - 2011

Why were people so unprepared for the global financial crisis, the European debt crisis, and the Fukushima nuclear accident? To address this question, we study a model in which agents make state-contingent plans - think about actions in different contingencies - subject to the constraint that...

Persistent link: https://www.econbiz.de/10009351517

Assessing the impact of Mali’s water privatization across stakeholders

Estache, Antonio; Grifell-Tatjé, Emili - C.E.P.R. Discussion Papers - 2011

shows that taxpayers are the main losers as subsidies are still needed. There are also serious efficiency-equity trade …

Persistent link: https://www.econbiz.de/10009399719