Narrow search
Showing 1 - 10 of 317
Cover Image
Estimating import price elasticity while controlling for quality
Thanagopal, Thannaletchimy - HAL - 2011
quality innovation in the various goods sectors of an economy and 3) the limitations pertaining to the estimation of the true … import price elasticity as well as the policy implications of quality innovation on trade. In order to adjust for quality … effects, a quality proxy is constructed. This proxy considers the role of product innovation in the form of Research and …
Persistent link: https://www.econbiz.de/10009372658
Cover Image
An assessment of Incentive Regulation in electricity networks: The story so far
Khalfallah, Haikel - HAL - 2013
such as quality and network innovation. It is in this context that incentive regulation tools are discussed and assessed in …
Persistent link: https://www.econbiz.de/10010899413
Cover Image
On the Role of External Financing Costs in Optimal Investment Decisions
Belhaj, Mohamed; Klimenko, Nataliya - HAL - 2012
This paper brings into focus a link between the investment and financing decisions of a firm which has an access to costly debt financing. Our analysis shows that lump-sum debt issuance costs play a prominent role in a determination of the optimal investment strategy. Faced with larger lump-sum...
Persistent link: https://www.econbiz.de/10010933822
Cover Image
Credit constraints and the cyclicality of R&D investment: Evidence from France
Aghion, Philippe; Askenazy, Philippe; Berman, Nicolas; … - HAL - 2008
We use a French firm-level data set containing 13,000 firms over the period 1993-2004 to analyze the relationship between credit constraints and firms' R&D behavior over the business cycle. Our main results can be summarized as follows: (i) the share of R&D investment over total investment is...
Persistent link: https://www.econbiz.de/10010930234
Cover Image
Do bankers prefer married couples?
Leturcq, Marion - HAL - 2011
signal of the quality of the match. This paper investigates the link between marriage and credit constraints. I use matching …
Persistent link: https://www.econbiz.de/10009401090
Cover Image
Credit Constraints, Entrepreneurial Talent, and Economic Development
Bianchi, Milo - HAL - 2010
In this paper, we formalize the view that economic development requires high rates of productive entrepreneurship, and this requires an e¢ cient matching between entrepreneurial talent and production technologies. We …rst explore the role of …nancial development in promoting such e¢ cient...
Persistent link: https://www.econbiz.de/10009353556
Cover Image
If only I could borrow more ! Production and consumption credit constraints in the Philippines
Godquin, Marie; Sharma, Manohar - HAL - 2005
This paper provides a new approach to analyzing credit constraints by differentiating which of the household's production and consumption decisions are affected by credit constraints. It also provides a first attempt to estimate of the extent and determinants of credit constraints in the...
Persistent link: https://www.econbiz.de/10010750493
Cover Image
Credit Constraints and the Persistence of Unemployment
Dromel, Nicolas; Kolakez, Elie; Lehmann, Etienne - HAL - 2009
In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its persistence. For this purpose, we first develop a theoretical model based on the equilibrium matching framework of Mortensen and Pissarides (1999) and Pissarides (2000) where we...
Persistent link: https://www.econbiz.de/10010738519
Cover Image
Public debt and aggregate risk
Desbonnet, Audrey; Kankanamge, Sumudu - HAL - 2008
This paper assesses the long-run optimal level of public debt in a framework where aggregate fluctuations are taken into account. Households are subject to both aggregate and idiosyncratic shocks and the market structure prevents them from perfectly insuring against risk. We find that the...
Persistent link: https://www.econbiz.de/10010738654
Cover Image
Capital misallocation and credit constraints: Theory and evidence from natural
Zylberberg, Yanos - HAL - 2011
This article builds a model of financial frictions to explain the aftermath of natural disasters. In constrained economies, after a large shock on capital, affected entrepreneurs might lose access to credit together with their stock of capital. Investment does not flow to high-returns projects....
Persistent link: https://www.econbiz.de/10010738733