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Internal Finance and Growth: Microeconometric Evidence on Chinese Firms
Guariglia, Alessandra; Liu, Xiaoxuan; Song, Lina - Institute for the Study of Labor (IZA) - 2008
Does the availability of internal finance constrain firm growth? Or does it foster it? To answer these questions, we use a panel of 407,096 Chinese firms over the period 2000−2005. We estimate dynamic assets growth equations augmented with cash flow, and find that the growth of state owned...
Persistent link: https://www.econbiz.de/10005703564
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Chinese Unions and Enterprises Performance
Fang, Tony; Ge, Ying - Institute for the Study of Labor (IZA) - 2013
unions are remarkable: unions in the workplace significantly improve productivity but reduce enterprise profitability …
Persistent link: https://www.econbiz.de/10010734422
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Accounting for China's Growth
Brandt, Loren; Zhu, Xiaodong - Institute for the Study of Labor (IZA) - 2010
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … quantifying their contributions to growth. In this paper, we develop a three-sector dynamic model to quantify the sources of China … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10008615448
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Can Compulsory Military Service Raise Civilian Wages? Evidence from the Peacetime Draft in Portugal
Card, David; Cardoso, Ana Rute - Institute for the Study of Labor (IZA) - 2011
Although the practice of military conscription was widespread during most of the past century, credible evidence on the effects of mandatory service is limited. Angrist (1990) showed that the Vietnam-era draft in the U.S. lowered the early-career wages of conscripts, a finding he attributed to...
Persistent link: https://www.econbiz.de/10009246706
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The Employment Effects of Job Creation Schemes in Germany: A Microeconometric Evaluation
Caliendo, Marco; Hujer, Reinhard; Thomsen, Stephan L. - Institute for the Study of Labor (IZA) - 2005
In this paper we evaluate the employment effects of job creation schemes on the participating individuals in Germany. Job creation schemes are a major element of active labour market policy in Germany and are targeted at long-term unemployed and other hard-to-place individuals. Access to very...
Persistent link: https://www.econbiz.de/10005763768
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mhbounds - Sensitivity Analysis for Average Treatment Effects
Becker, Sascha O.; Caliendo, Marco - Institute for the Study of Labor (IZA) - 2007
Matching has become a popular approach to estimate average treatment effects. It is based on the conditional independence or unconfoundedness assumption. Checking the sensitivity of the estimated results with respect to deviations from this identifying assumption has become an increasingly...
Persistent link: https://www.econbiz.de/10005700879
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Defending Gibrat’s Law as a Long-Run Regularity
Lotti, Francesca; Santarelli, Enrico; Vivarelli, Marco - Institute for the Study of Labor (IZA) - 2007
According to Gibrat’s Law of Proportionate Effect, the growth rate of a given firm is independent of its size at the beginning of the period examined. While earlier studies tended to confirm the Law, more recent research generally rejects it. This paper reconciles these two streams of...
Persistent link: https://www.econbiz.de/10005763509
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Constrained Firms, Not Subsistence Activities: Evidence on Capital Returns and Accumulation in Peruvian Microenterprises
Göbel, Kristin; Grimm, Michael; Lay, Jann - Institute for the Study of Labor (IZA) - 2012
We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The dynamic analyses of capital accumulation in MEs...
Persistent link: https://www.econbiz.de/10010627842
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Nur noch Roboter und Selbstausbeutung? Über die Herausforderungen und Chancen der neuen Welt der Arbeit
Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2015
Unsere (Arbeits-)Welt scheint sich mit zunehmender Geschwindigkeit zu verändern. Der vorliegende Beitrag beschreibt zentrale Aspekte dieser Entwicklung und diskutiert ihre voraussichtlichen Auswirkungen auf Arbeit und Beschäftigung. Der Wandel ist weltweit spürbar und Roboter und Maschinen...
Persistent link: https://www.econbiz.de/10011269602
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Ostdeutschland 20 Jahre nach dem Mauerfall: Was war und was ist heute mit der Wirtschaft?
Brenke, Karl; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2009
Der Artikel zeigt in den grundlegenden Zügen die Entwicklung in Ostdeutschland seit dem Beginn der Umstrukturierung auf und zieht eine Bilanz zum Stand des Anpassungsprozesses 20 Jahre nach dem Mauerfall. Wie sich an der Entwicklung der Wirtschaftsleistung zeigen lässt, ist der wirtschaftliche...
Persistent link: https://www.econbiz.de/10008615433