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La puissance publique promoteur de nouveaux modèles d’aide à la décision de financement
Levratto, Nadine; Paranque, Bernard - EconWPA - 2004
This paper aims at showing how the state may be an example in evaluation firms' quality. We develop this idea referring to a concrete experimental tool developed by the French Small Business Administration.
Persistent link: https://www.econbiz.de/10005134732
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How Do Economic Freedom and Investment Affect Economic Growth?
CHHENG, KIMLONG - EconWPA - 2005
This paper studies whether and how capital investment and economic freedom jointly endogenize economic growth. The results produced by White’s heteroscedasticity-consistent matrix tests on a panel data of 50 countries over 1981-2000 support the crucial role of both domestic and foreign capital...
Persistent link: https://www.econbiz.de/10005125031
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A NEW APPROACH OF THE BUDGET DEFICIT: AN EMPIRICAL ANALYSIS
Talpos, Ioan; Dima, Bogdan; Mutascu, Mihai; Enache, Cosmin - EconWPA - 2005
Economic policies and, particularly, fiscal policies are not designed and implemented in an “empty space”: the structural characteristics of the economic systems, the institutional architecture of societies, the cultural paradigm and the power relations between different social groups,...
Persistent link: https://www.econbiz.de/10005408434
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You Get What You Vote For: Electoral Determinants of Economic Freedom
Crampton, Eric - EconWPA - 2002
While several cross-sectional studies (La Porta et. al. 2002, Norton 2002) examine institutional and cultural determinants of economic freedom, changes in economic freedom remain unexamined. I construct a measure of median voter preferences and find changes in voter preferences for economic...
Persistent link: https://www.econbiz.de/10005556897
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Economic Freedom and The Business Cycle: The Egyptian Experience.
Mikhail, Ossama - EconWPA - 2004
Most studies that emphasize and encourage the shift towards a less regulated and financially open system rest on the premise of a prosperous growth prospect. Accordingly, interests have focused on growth models as a framework to understand and to analyze the effects of economic freedom. In this...
Persistent link: https://www.econbiz.de/10005561221
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The Contribution of the IMF and the World Bank to Economic Freedom
Boockmann, Bernhard; Dreher, Axel - EconWPA - 2002
We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al …. (2000) as well as its sub- indexes, using a panel of 85 countries observed between 1970 and 1997. With respect to the Bank … World Bank credits is negative. These effects are stronger during the 1990s than in earlier periods. There is no clear …
Persistent link: https://www.econbiz.de/10005119479
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Is Perfect Price Discrimination Really Efficient? An Analysis of Free Entry Equilibria
Bhaskar, V.; To, Ted - EconWPA - 2000
discrimination ensures efficient output decisions given product characteristics, coordination failures may prevent efficiency in the …
Persistent link: https://www.econbiz.de/10005076900
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Advertising, Pricing & Market Structure in Competitive Matching Markets
Bataille, Edner; Julien, Benoit - EconWPA - 2005
This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers. Sellers' expenditure on directly informative advertising attracts consumers only probabilistically. Consumers who happen to observe advertisements randomize over the advertised...
Persistent link: https://www.econbiz.de/10005076903
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DO EXTERNAL FUNDS YIELD LOWER RETURNS ? RECENT EVIDENCE FROM EAST ASIAN ECONOMIES
Pal, Sarmistha; Driffield, Nigel - EconWPA - 2003
Using a large firm level panel data set from four Asian countries, this paper compares the returns to various internal and external funds. A novel feature of our analysis is that we distinguish between financially constrained and unconstrained firms and determine selectivity-corrected estimates...
Persistent link: https://www.econbiz.de/10005076952
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Nonparametric Efficiency Testing of Asian Stock Markets Using Weekly Data
LOS, CORNELIS A. - EconWPA - 2004
The efficiency of speculative markets, as represented by Fama's 1970 fair game model, is tested on weekly price index … efficiency of nervous systems. In particular, the stationarity and independence of the price innovations are tested over ten … stock market efficiency is: Singapore, Thailand, Indonesia, Malaysia, Hong Kong and Taiwan. Singapore's stock market pricing …
Persistent link: https://www.econbiz.de/10005076962