Showing 1 - 9 of 9
Using a large panel of 6,946 French manufacturing firms, this paper investigates the effect of the cost of capital and on cash flow on investment from 1990 to 1999. We compare several specifications of neo-classical demand for capital, taking into account transitory dynamics. The user cost of...
Persistent link: https://www.econbiz.de/10010750869
This paper proposes a new pre-test estimator of panel data models including time invariant variables based upon the Mundlak-Krishnakumar estimator and an "unrestricted” Hausman-Taylor estimator. The paper evaluates the biases of currently used restricted estimators, omitting the...
Persistent link: https://www.econbiz.de/10010751002
This paper proposes a new pre-test estimator of panel data models including time invariant variables based upon the Mundlak-Krishnakumar estimator and an "unrestricted” Hausman-Taylor estimator. The paper evaluates the biases of currently used restricted estimators, omitting the...
Persistent link: https://www.econbiz.de/10008795296
country (China) over the period 1997-2009. We confirm Hausmann, Hwang and Rodrik (2007)'s prediction that regions that … contributors to the global upgrading of China's exports. This finding suggests that the contribution of assembly trade and foreign …
Persistent link: https://www.econbiz.de/10010775815
Our work contributes to the literature relating output structure and economic development by showing that growth gains from upgrading are not unconditional. Relying on data from a panel of Chinese cities, we show that the level of capabilities available to domestic _rms operating in ordinary...
Persistent link: https://www.econbiz.de/10010898392
while state-owned firms and foreign-owned firms in China are not; Secondly, the geographical and sectoral presence of …
Persistent link: https://www.econbiz.de/10010635045
China's export performance over the past fifteen years has been phenomenal. Is this performance going to last? Wages …
Persistent link: https://www.econbiz.de/10010635136
This paper evaluates the role of economic geography in explaining regional wages in China. It investigates the extent … dynamics in China. We investigate three channels through which market access might influence wages beside direct transport …
Persistent link: https://www.econbiz.de/10010635248
In this paper, we assess the success of the ongoing financial system reforms in China by investigating the extent to … Chinese corporate sector, and analyze whether incoming foreign investment in China plays an important role in alleviating …
Persistent link: https://www.econbiz.de/10011025983