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Business Cycle Volatility and Openness : An Exploratory Cross-Section Analysis

Razin, Assaf - 1992

This paper links business cycle volatility to barriers on international mobility of goods and capital. Theory predicts …

Persistent link: https://www.econbiz.de/10012474757

Do Institutions Cause Growth?

Glaeser, Edward L. - 2004

We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and human capital accumulation lead to institutional improvement. We find that most indicators of institutional quality used to establish the proposition that institutions cause...

Persistent link: https://www.econbiz.de/10012468125

A Decomposition of Global Linkages in Financial Markets Over Time

Forbes, Kristin J. - 2003

This paper tests if real and financial linkages between countries can explain why movements in the world's largest … between the world's 5 largest economies and about 40 other markets to decompose the cross-country factor loadings into: direct … to be the most important determinant of how movements in the world's largest markets affect financial markets around the …

Persistent link: https://www.econbiz.de/10012469145

Macroeconomic Consequences of Tariffs

Furceri, Davide - 2018

We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines...

Persistent link: https://www.econbiz.de/10012481049

Management as a Technology?

Bloom, Nicholas - 2016

Are some management practices akin to a technology that can explain firm and national productivity, or do they simply reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 countries. We find large cross-country differences in the adoption...

Persistent link: https://www.econbiz.de/10012456349

The New Empirical Economics of Management

Bloom, Nicholas - 2014

Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across …

Persistent link: https://www.econbiz.de/10012458562

Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments

Baker, Scott R. - 2013

A growing body of evidence suggests that uncertainty is counter cyclical, rising sharply in recessions and falling in booms. But what is the causal relationship between uncertainty and growth? To identify this we construct cross country panel data on stock market levels and volatility as proxies...

Persistent link: https://www.econbiz.de/10012459187

Long Horizon Uncovered Interest Parity Re-Assessed

Chinn, Menzie D. - 2012

We review the evidence for both short and long horizon uncovered interest parity (UIP) and rational expectations over the period up to 2011, extending the sample examined in Chinn and Meredith (2004) by nearly a decade. We find that the joint hypothesis of UIP and rational expectations (known as...

Persistent link: https://www.econbiz.de/10012460179

Are Ideas Getting Harder to Find?

Bloom, Nicholas - 2017

In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that...

Persistent link: https://www.econbiz.de/10012453929

Turbulence, Firm Decentralization and Growth in Bad Times

Aghion, Philippe - 2017

What is the optimal form of firm organization during "bad times"? We present a model of delegation within the firm to show that the effect is ambiguous. The greater turbulence following macro shocks may benefit decentralized firms because the value of local information increases (the "localist"...

Persistent link: https://www.econbiz.de/10012455327