Showing 1 - 10 of 79
No abstract.
Persistent link: https://www.econbiz.de/10010685050
the real economic effect of buyouts: employment, wages, productivity, and long-run investments. Employment tend to … productivity gains following a buyout, with part of these being shared with worker through higher wages. The evidence is mixed …
Persistent link: https://www.econbiz.de/10008548989
Market exchange is subject to an endogenously-determined level of predation which impedes specialization and gains from trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of equilibria may emerge, autarky, an insecure exchange...
Persistent link: https://www.econbiz.de/10005486504
We survey the literature on venture capital and institutions and present a case study comparing the development of the venture capital market in the US to Sweden. Our literature survey underscores that the legal environment, financial market development, the tax system, labor market regulations,...
Persistent link: https://www.econbiz.de/10010945002
In times of inflation, most existing systems of taxation introduce new distortions into the allocation of resources. In this paper, the effects of inflation via taxes on the firm's east of capital are analyzed. The taxes considered are the corporate income tax and household taxes on dividends...
Persistent link: https://www.econbiz.de/10011019062
After a severe crisis in the early 1990s, the Swedish economy experienced a boom in productivity growth. According to … economists there have been primarily three explanations for the fast productivity growth in 1995–2004: Market reforms, recovery … productivity boom. The results show that investment in intangibles was approximately 246 bn SEK in 2004 or 9 percent of GDP …
Persistent link: https://www.econbiz.de/10008528482
This paper shows that the liberalisation of foreign direct investment (FDI) tends to make the effect of labour costs on domestic investment and labour demand more negative.
Persistent link: https://www.econbiz.de/10005486502
In this paper I attempt to replicate for Sweden the Corrado, Hulten and Sichel (2006) and Marrano and Haskel (2006) working papers on spending on intangible assets in the US and the UK. Based on their measurement methods the total spending on intangibles in Sweden in 2004 was 277 billion SEK or...
Persistent link: https://www.econbiz.de/10005645432
This paper shows that the liberalisation of foreign direct investment (FDI) tends to make the effect of labour costs on domestic investment and labour demand more negative. Using data from Germany, it then provides evidence that is consistent with this view. First, high unit labour costs...
Persistent link: https://www.econbiz.de/10010600209
The constraint on informal finance is commonly taken to be high costs and limited supply. But the majority of informal investors – family and friends – is often willing to supply funds at negative returns, and yet many borrowers tap family and friends only as a last resort. We explain this...
Persistent link: https://www.econbiz.de/10010581013