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The Inverted U-Shaped Relationship between Female Entrepreneurship and Economic Development

Ashraf, Nava; Delfino, Alexia; Glaeser, Edward L.; … - National Bureau of Economic Research - 2025

. This paper presents a model of entrepreneurship in which women face disadvantages, including discrimination from workers … in middle-income countries, where the returns to entrepreneurship are high enough to offset gender-based costs and both … more usually in industries with low levels of skilled workers. Despite the entrepreneurship rate's reversal of the U …

Persistent link: https://www.econbiz.de/10015361484

Dollar Asset Holdings and Hedging Around the Globe

Du, Wenxin; Huber, Amy W. - National Bureau of Economic Research - 2024

We analyze a large number of industry- and company-level filings of global institutional investors to provide the first comprehensive estimate of foreign investors' U.S. dollar (USD) security holdings and currency hedging practices. We document four stylized facts. First, driven by increasing...

Persistent link: https://www.econbiz.de/10014544731

International Capital Flow Pressures and Global Factors

Goldberg, Linda S.; Krogstrup, Signe - National Bureau of Economic Research - 2023

The risk sensitivity of international capital flow pressures is explored using a new Exchange Market Pressure index that combines pressures observed in exchange rate adjustments with model-based estimates of incipient pressures that are masked by foreign exchange interventions and policy rate...

Persistent link: https://www.econbiz.de/10013537779

Firm Commitments

Bolton, Patrick; Kacperczyk, Marcin - National Bureau of Economic Research - 2023

A growing fraction of companies globally have made commitments to reduce their carbon emissions by a certain date. While the companies that make commitments subsequently reduce their emissions, the effect on overall emissions of companies (including those that do not commit) has been small; the...

Persistent link: https://www.econbiz.de/10014287345

Mechanism Design for Personalized Policy : A Field Experiment Incentivizing Exercise

Dizon-Ross, Rebecca; Zucker, Ariel D. - National Bureau of Economic Research - 2025

Personalizing policies can theoretically increase their effectiveness. However, personalization is difficult when individual types are unobservable and the preferences of policymakers and individuals are not aligned, which could cause individuals to misreport their type. Mechanism design offers...

Persistent link: https://www.econbiz.de/10015361500

Social Investments, Informal Risk Sharing, and Inequality

Ambrus, Attila - 2014

This paper studies costly network formation in the context of risk sharing. Neighboring agents negotiate agreements as in Stole and Zwiebel (1996), which results in the social surplus being allocated according to the Myerson value. We uncover two types of inefficiency: overinvestment in social...

Persistent link: https://www.econbiz.de/10012457996

Tractable and Consistent Random Graph Models

Chandrasekhar, Arun G. - 2014

We define a general class of network formation models, Statistical Exponential Random Graph Models (SERGMs), that nest standard exponential random graph models (ERGMs) as a special case. We provide the first general results on when these models' (including ERGMs) parameters estimated from the...

Persistent link: https://www.econbiz.de/10012458390

The Efficacy of Parochial Politics : Caste, Commitment, and Competence in Indian Local Governments

Munshi, Kaivan - 2008

Parochial politics is typically associated with poor leadership and low levels of public good provision. This paper explores the possibility that community involvement in politics need not necessarily worsen governance and, indeed, can be efficiency-enhancing when the context is appropriate....

Persistent link: https://www.econbiz.de/10012464313

Informal Financial Networks : Theory and Evidence

Garmaise, Mark J. - 2002

We develop a model of informal financial networks and present corroborating evidence by studying the role of professional property brokers in the U.S. commercial real estate market. Our model demonstrates how service intermediaries, who do not supply finance themselves, can facilitate their...

Persistent link: https://www.econbiz.de/10012469841

Trade and Search : Social Capital, Sogo Shosha, and Spillovers

Rauch, James E. - 1996

A network/search view of international trade in differentiated products is proposed. It is shown that this view can explain the importance of ethnic and extended family ties in trade, the success of diversified trading intermediaries such as Japan's sogo shosha, and the ubiquity of government...

Persistent link: https://www.econbiz.de/10012473227