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Myths and Realities of American Political Geography

Glaeser, Edward L. - 2005

The division of America into red states and blue states misleadingly suggests that states are split into two camps, but along most dimensions, like political orientation, states are on a continuum. By historical standards, the number of swing states is not particularly low, and America's...

Persistent link: https://www.econbiz.de/10012466815

Rugged Entrepreneurs : The Geographic and Cultural Contours of New Business Formation

Barrios, John M.; Hochberg, Yael V.; Macciocchi, Daniele - National Bureau of Economic Research - 2021

How do geographic and historical-cultural factors shape new business formation? Using novel data on new business registrations, we document that 75% of the variation in new business formation is explained by time-invariant county-level factors and examine the extent to which such variation is...

Persistent link: https://www.econbiz.de/10012496160

Estimating the Effects of Large Shareholders Using a Geographic Instrument

Becker, Bo - 2011

Large shareholders may play an important role for firm performance and policies, but identifying this empirically presents a challenge due to the endogeneity of ownership structures. We develop and test an empirical framework which allows us to separate selection from treatment effects of large...

Persistent link: https://www.econbiz.de/10012461265

Service Imports, Workforce Composition, and Firm Performance : Evidence from Finnish Microdata

Ariu, Andrea - 2019

This paper uses unique Finnish firm-level micro data on service imports, work- force composition, and firm characteristics to examine changes in employment composition and performance of Finnish service importers during a period of a significant increase in services imports (2002-2012). We use...

Persistent link: https://www.econbiz.de/10012480299

COVID-19 and SME Failures

Gourinchas, Pierre-Olivier - 2020

We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...

Persistent link: https://www.econbiz.de/10012481180

Relabeling, Retirement and Regret

Gruber, Jonathan - 2020

retirement system in Finland, featuring a relabeling of retirement ages with modest and continuous changes in financial …

Persistent link: https://www.econbiz.de/10012481389

COVID-19 and SMEs : A 2021 "Time Bomb"?

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021

This paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs. Rather, business failures and policy costs remain...

Persistent link: https://www.econbiz.de/10012482634

The Finnish Great Depression : From Russia with Love

Gorodnichenko, Yuriy - 2009

During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the … of Soviet-Finnish trade can explain key features of Finland's Great Depression. We also show that Finland's Great … similar trade collapse. However, as a western democracy with developed capital markets and institutions, Finland faced none of …

Persistent link: https://www.econbiz.de/10012463774

Modeling Great Depressions : The Depression in Finland in the 1990s

Conesa, Juan Carlos - 2007

occurred in Finland in the early 1990s. We find that the sharp drop in real GDP over the period 1990-93 was driven by a … increases in government consumption during 1989-94, which drove down hours worked in Finland. We attempt to endogenize the drop …

Persistent link: https://www.econbiz.de/10012465055

Tax-Loss Trading and Wash Sales

Grinblatt, Mark - 2002

An analysis of trades in the Finnish stock market around the turn of the year shows that Finnish investors tend to realize losses more than gains towards the end of December. They also buy back the same stocks they recently sold, with a repurchase rate that depends on the size of the capital...

Persistent link: https://www.econbiz.de/10012469970