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Firm Size and Monetary Policy Transmission – Evidence from German Business Survey Data
Ehrmann, Michael - CESifo - 2004
Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more...
Persistent link: https://www.econbiz.de/10005405801
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Heavyweights – The Impact of Large Businesses on Productivity Growth
Falck, Oliver - CESifo - 2007
world has become, again, en vogue among European politicians. The only apparent controversy about the idea revolves around …
Persistent link: https://www.econbiz.de/10005405979
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Firm Size and Diversification: Asymmetric Multiproduct Firms under Cournot Competition
Grossmann, Volker - CESifo - 2003
A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far there is no appropriate theoretical model to explain the underlying forces of this observation. This paper analyzes an oligopoly model with asymmetric multiproduct frms, which...
Persistent link: https://www.econbiz.de/10005406151
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Managerial Job Assignment and Imperfect Competition in Asymmetric Equilibrium
Grossmann, Volker - CESifo - 2003
This paper develops a model with multiple market locations in which the quality of intangible assets of firms, provided by management, determines the firms. performance. Despite an ex ante symmetry of potential entrants, the equilibrium assignment of heterogeneous managerial skills to firms...
Persistent link: https://www.econbiz.de/10005416518
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Energy Consumption and Economic Growth Revisited in African Countries
Eggoh, Jude C.; Bangaké, Chrysost; Rault, Christophe - CESifo - 2011
The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups:...
Persistent link: https://www.econbiz.de/10009320785
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Economic Growth in Africa: Comparing Recent Improvements with the "lost 1980s and early 1990s" and Estimating New Growth Trends
Leibfritz, Willi; Flaig, Gebhard - CESifo - 2013
In the first part of the paper we look at economic growth in Africa over the past three decades. We divide the past …. During the first period, Africa did not catch up but lost ground, Africa’s average per capita income declined. Since the mid … growth rates for Africa and several individual countries. We use the Hodrick-Prescott filter with different values for the …
Persistent link: https://www.econbiz.de/10010641423
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Fiscal Policy During Business Cycles in Developing Countries: The Case of Africa
Leibfritz, Willi; Rottmann, Horst - CESifo - 2013
procyclicality Africa’s resilience against external shocks improved. This also helped to better cope with the Great Recession of 2009. …
Persistent link: https://www.econbiz.de/10010718528
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Mobilizing VAT Revenues in African Countries
Cnossen, Sijbren - CESifo - 2014
Several African countries have to increase their tax revenues to finance human and economic development. General consumption taxes, such as VATs, are the preferred instrument for doing so, because they are less detrimental to growth than income taxes. To enable their use, VAT design has to be...
Persistent link: https://www.econbiz.de/10011093981
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The Minimum Wage from a Two-Sided Perspective
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - CESifo - 2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show...
Persistent link: https://www.econbiz.de/10010877633
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International Trade and Unemployment: A Quantitative Framework
Heid, Benedikt; Larch, Mario - CESifo - 2012
changes. While employment and welfare increase in most countries, some experience higher unemployment and lower welfare. Labor …
Persistent link: https://www.econbiz.de/10010877646