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Becker, Sascha O.; Hvide, Hans K. - CESifo - 2013

In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...

Persistent link: https://www.econbiz.de/10010607007

Determining the Success of Carbon Capture and Storage Projects

Thronicker, Dominique; Lange, Ian A. - CESifo - 2015

Carbon Capture and Storage (CCS) is regarded as one of the most important technologies to mitigate climate change while providing fossil-fuel based energy security. During the past decade, projects in support of the development and deployment of the technology have been initiated across the...

Persistent link: https://www.econbiz.de/10011124893

International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence

Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - CESifo - 2009

The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...

Persistent link: https://www.econbiz.de/10008596604

Sources of Real Exchange Rate Volatility and International Financial Integration: A Dynamic GMM Panel Approach

Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - CESifo - 2011

The aim of this paper is to provide some new empirical evidence on the determinants of volatility of real exchange rates in emerging countries, focusing on the role of international financial integration in particular. A reduced-form model is estimated using the GMM method for dynamic panels...

Persistent link: https://www.econbiz.de/10009371352

Entrepreneurship, Economic Conditions, and the Great Recession

Fairlie, Robert W. - CESifo - 2013

opportunities in the wage/salary sector leaving the net effect on entrepreneurship ambiguous. The most up-to-date microdata … entrepreneurship at the individual level to shed light on this question. Regression estimates indicate that local labor market … conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability …

Persistent link: https://www.econbiz.de/10010877680

How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...

Persistent link: https://www.econbiz.de/10010877694

Liquidity Constraints, Household Wealth, and Entrepreneurship Revisited

Fairlie, Robert W.; Krashinsky, Harry A. - CESifo - 2012

A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship … entrepreneurship and a different measure of wealth – net housing equity – for the two groups. Second, we examine the liquidity …

Persistent link: https://www.econbiz.de/10010877695

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - CESifo - 2013

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...

Persistent link: https://www.econbiz.de/10010877893

Homeownership and Entrepreneurship: The Role of Mortgage Debt and Commitment

Bracke, Philippe; Hilber, Christian; Silva, Olmo - CESifo - 2014

We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … homeowners start a business; and (ii) the negative relation between mortgage debt and entrepreneurship is more pronounced when … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …

Persistent link: https://www.econbiz.de/10010948829

Behind the GATE Experiment: Evidence on Effects of and Rationales for Subsidized Entrepreneurship Training

Fairlie, Robert W.; Karlan, Dean; Zinman, Jonathan - CESifo - 2014

Theories of market failures and targeting motivate the promotion of entrepreneurship training programs and generate …

Persistent link: https://www.econbiz.de/10010948873