Showing 1 - 10 of 138
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of … performance. Using longitudinal data, we find large and sustained effects of entrepreneurs at all levels of the performance … suggest that an often overlooked factor -- individual entrepreneurs -- plays a large role in affecting firm performance. …
Persistent link: https://www.econbiz.de/10011083991
Using state-level data from India over the period 1983 to 2005, this paper gauges the effect of financial deepening and …. This suggests that financial deepening contributed to poverty alleviation in rural areas by fostering entrepreneurship and …
Persistent link: https://www.econbiz.de/10011083926
for people to become an entrepreneur. Based on a large-scale data set of nearly ninety thousand workers in India, this …, are found to be conducive to entrepreneurship, while others, such as Hinduism, inhibit entrepreneurship. In addition, the … tradition of the caste system influence entrepreneurship, suggesting a link between religion and economic behaviour. …
Persistent link: https://www.econbiz.de/10005656369
restructuring by firms and their subsequent performance as measured by growth in sales and in sales per employee over a three … the new market environment. We go on to analyse the impact on performance of ownership, soft budget constraints, the … ownership per se has no significant relationship to performance (though state-owned firms have engaged in significantly less …
Persistent link: https://www.econbiz.de/10005114471
to measure the cost of a wide range of constraints on firm performance, and we show that after more than a decade of …
Persistent link: https://www.econbiz.de/10011083892
This paper develops a method to analyse large cross-sections with non-trivial time dimensions. The method: (i) identifies the number of common shocks in a factor analytic model; (ii) estimates the unobserved common dynamic component; (iii) shows how to test for fundamentality of the common...
Persistent link: https://www.econbiz.de/10005067411
This Paper reviews recent econometric work on factor models in large cross-sections of time series. In this literature, traditional factor analysis is adapted to develop parsimonious estimation methods for high dimension time series models. The review covers problems of consistency and rates –...
Persistent link: https://www.econbiz.de/10005498094
We study the role of domestic and global factors on payoffs of portfolios built to mimic carry, dollar carry and momentum strategies. We construct domestic and global factors from a large dataset of macroeconomic and financial variables and find that global equity market factors render strong...
Persistent link: https://www.econbiz.de/10011084700
New-Keynesian models are characterized by the presence of expectations as explanatory variables. To use these models for policy evaluation, the econometrician must estimate the parameters of expectation terms. Standard estimation methods have several drawbacks, including possible lack of...
Persistent link: https://www.econbiz.de/10005662376
This paper analyses output and productivity for 450 US industries from 1958 to 1986. We make the following contributions. (i) We develop a method based on dynamic principal components to identify the number of common shocks to our data set. (ii) We propose a simple method for the estimation of...
Persistent link: https://www.econbiz.de/10005661648