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In this paper, we document the fact that countries that have experienced occasional financial crises have, on average, grown faster than countries with stable financial conditions. We measure the incidence of crisis with the skewness of credit growth, and find that it has a robust negative...
Persistent link: https://www.econbiz.de/10005405758
Using a novel way to identify relationship and transaction banks, we study how banks’ lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms’ credit constraints at two...
Persistent link: https://www.econbiz.de/10010795340
We argue that membership in International Organizations (IOs) is an important determinant of FDI inflows. To the extent …. Using data over the 1971-2005 period, we find that membership in IOs does indeed increase inflows of FDI. Controlling for …
Persistent link: https://www.econbiz.de/10008727297
This paper examines the measurement of social welfare, poverty and inequality taking into account reference … differences between standard poverty and inequality measures based on observed income and measures that are calculated based on …
Persistent link: https://www.econbiz.de/10010607471
-being in affluent countries. It focuses on CA applications related to general well-being, inequalities, poverty and human …
Persistent link: https://www.econbiz.de/10008853849
investment (FDI). Using a unique dataset which allows us to observe the worldwide activities of a large panel of multinational … transfer pricing by the host country affect investment and employment of foreign subsidiaries. The results indicate that …, compared with the unrestricted case, in the presence of a typical thin-capitalization rule, the tax-rate sensitivity of FDI is …
Persistent link: https://www.econbiz.de/10010752788
can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we follow the real … rate regimes obey common employment adjustment thresholds. …
Persistent link: https://www.econbiz.de/10005766184
the unemployment rate and increases the employment rate. From a theoretical point of view, higher progressivity induces a … wage-moderation effect and increases overall employment since employment of low-paid workers is more responsive. We test … average wage, we show that a more progressive taxation reduces the unemployment rate and increases the employment rate. These …
Persistent link: https://www.econbiz.de/10010682629
employment like labour costs and productivity, the skill level of the population, and demography. Considering that ownership may … be endogenous to (shocks in) employment, we use IV estimation methods. Overall, we find evidence in favour of the Oswald … significant fall in the employment rate by about 0.3 percentage points. Our results underscore the importance of including other …
Persistent link: https://www.econbiz.de/10008861865
information on parents’ schooling and employment status. Unemployment might have negative psychological effects, with impact on …
Persistent link: https://www.econbiz.de/10005406183