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This lecture revisits the evidence on the incidence and severity of different varieties of financial crises within the context of globalization then (pre-1914) and now (1980 to the present). I then discuss the determinants of emerging market crises from the perspective of the recent balance...
Persistent link: https://www.econbiz.de/10005083346
The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated …
Persistent link: https://www.econbiz.de/10010956114
This paper evaluates the implications for employment, productivity and wages of allowing for more flexibility in weekly … in productivity. In the work sharing scenario, the increase in employment (1.86%) comes at the expense of a lower … productivity increase (1.31%) and a decrease in weekly hours worked (4%). Finally, the full flexibility scenario preserves …
Persistent link: https://www.econbiz.de/10010956138
-wealth ratio, and welfare should be higher in an open economy due to a higher productivity and/or less volatility through risk …
Persistent link: https://www.econbiz.de/10010983184
. Estimates based on the conditional logit model show a significantly positive relationship between initial labour productivity … probability to export and initial labour productivity is low once firm effects are controlled for. Surprisingly, the impact of … labour productivity on exporting does not differ between micro enterprises and the remaining SMEs (10-249 employees …
Persistent link: https://www.econbiz.de/10011203166