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Microeconomic Evidence of Creative Destruction in Industrial and Developing Countries
Bartelsman, Eric; Haltiwanger, John; Scarpetta, Stefano - Institute for the Study of Labor (IZA) - 2004
productivity directly, by reallocating resources towards more productive uses, but also indirectly through the effects of increased …
Persistent link: https://www.econbiz.de/10005703134
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The Interdependence of R&D Activity and Debt Financing of Young Firms
Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - Institute for the Study of Labor (IZA) - 2011
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10009403382
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Privatization and Productivity in Romanian Industry: Evidence from a Comprehensive Enterprise Panel
Earle, John S.; Telegdy, Álmos - Institute for the Study of Labor (IZA) - 2001
productivity for the entire surviving population of initially state-owned industrial corporations in Romania. The data permit us to … significant effect of private ownership share on the level and growth of labor productivity, the estimates ranging from 13 to 32 … log points for the level, and 9 to 16 for productivity growth. The strongest estimated impacts arise from sales to foreign …
Persistent link: https://www.econbiz.de/10005566810
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Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?
Sabirianova Peter, Klara; Svejnar, Jan; Terrell, Katherine - Institute for the Study of Labor (IZA) - 2005
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent alternative models of implementing development policies,...
Persistent link: https://www.econbiz.de/10005703404
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Distance to the Efficiency Frontier and FDI Spillovers
Sabirianova Peter, Klara; Svejnar, Jan; Terrell, Katherine - Institute for the Study of Labor (IZA) - 2004
We establish that domestically owned firms in two alternative models of emerging market economies, the Czech Republic and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the distance of domestic firms to the frontier grew (in all...
Persistent link: https://www.econbiz.de/10005762398
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When Credit Dries Up: Job Losses in the Great Recession
Bentolila, Samuel; Jansen, Marcel; Jiménez, Gabriel; … - Institute for the Study of Labor (IZA) - 2013
We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks' health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...
Persistent link: https://www.econbiz.de/10010722699
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Personal Bankruptcy Law, Wealth and Entrepreneurship: Theory and Evidence from the Introduction of a "Fresh Start"
Fossen, Frank M. - Institute for the Study of Labor (IZA) - 2011
A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...
Persistent link: https://www.econbiz.de/10008804593
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A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler
Goolsbee, Austan D.; Krueger, Alan B. - Institute for the Study of Labor (IZA) - 2015
This paper takes a retrospective look at the U.S. government's effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies in the world came to seek a bailout from the U.S....
Persistent link: https://www.econbiz.de/10011196652
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Credit Constraints as a Barrier to the Entry and Post-Entry Growth of Firms
Scarpetta, Stefano; Aghion, Philippe; Fally, Thibault - Institute for the Study of Labor (IZA) - 2007
Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms’ decision to enter, to expand if successful and to...
Persistent link: https://www.econbiz.de/10005233782
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Labor Demand During the Crisis: What Happened in Germany?
Bohachova, Olga; Boockmann, Bernhard; Buch, Claudia M. - Institute for the Study of Labor (IZA) - 2011
In Germany, the employment response to the post-2007 crisis has been muted compared to other industrialized countries. Despite a large drop in output, employment has hardly changed. In this paper, we analyze the determinants of German firms' labor demand during the crisis using a firm-level...
Persistent link: https://www.econbiz.de/10009367501