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Autos and the National Industrial Recovery Act : Evidence on Industry Complementarities
Cooper, Russell - 1992
introductions and the annual automobile show as a means of regularizing employment in the industry. After documenting key features …
Persistent link: https://www.econbiz.de/10012474875
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A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler
Goolsbee, Austan D. - 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/10012457667
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Auto Dealer Loan Intermediation : Consumer Behavior and Competitive Effects
Grunewald, Andreas - 2020
This paper studies the intermediation of auto loans through auto dealers using new and comprehensive administrative data. The arrangements between auto dealers and lenders incentivize dealers to increase loan prices. We leverage details of the corresponding contracts to demonstrate that many...
Persistent link: https://www.econbiz.de/10012482354
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Breaking the Spell with Credit-Easing : Self-Confirming Credit Crises in Competitive Search Economies
Gaballo, Gaetano - 2016
We show that credit crises can be Self-Confirming Equilibria (SCE), which provides a new rationale for policy interventions like, for example, the FRB's TALF credit-easing program in 2009. We introduce SCE in competitive credit markets with directed search. These markets are efficient when...
Persistent link: https://www.econbiz.de/10012456667
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Industrial Policy and Competition
Aghion, Philippe - 2012
Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2007, we show that industrial policies allocated to competitive sectors or that foster competition in a sector increase productivity growth. We measure competition using the Lerner Index and include as...
Persistent link: https://www.econbiz.de/10012460611
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Invoice Currency Choice in Intra-Firm Trade : A Transaction-Level Analysis of Japanese Automobile Exports
Yoshimi, Taiyo; Yoshimoto, Uraku; Satō, Kiyotaka; … - National Bureau of Economic Research - 2024
automobile exports to France, we demonstrate that the importer's currency tends to be chosen in intra-firm export invoicing based …
Persistent link: https://www.econbiz.de/10014486233
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Profitability, Employment and Structural Adjustment in France
Kouri, Pentti J.K. - 1982
decline of profitability and employment in manufacturing, and simulated using annual data from 1950 to 1979. The wage …
Persistent link: https://www.econbiz.de/10012478099
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Changes in the Relative Structure of Wages and Employment : A Comparison of the United States, Canada, and France
Card, David - 1996
Standard models suggest that adverse labor demand shocks will lead to bigger employment losses if institutional factors … explains the contrast between the United States, where real wages fell over the 1980s and aggregate employment expanded … vigorously, and Europe, where real wages were (roughly) constant and employment was stagnant. We test this hypothesis by …
Persistent link: https://www.econbiz.de/10012473372
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Affiliates of U.S. and Japanese Multinationals in East Asian Production and Trade
Lipsey, Robert E. - 2000
Since 1977, and in some cases starting before that, most East Asian countries' export patterns in manufacturing have been transformed from industry distributions typical of developing countries to distributions more like those of advanced countries. The process of change in most cases started...
Persistent link: https://www.econbiz.de/10012470927
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An Industry-Adjusted Index of State Environmental Compliance Costs
Levinson, Arik - 1999
This paper describes a new, industry-adjusted index of state environmental compliance costs from 1977 to 1994. The index has two principal advantages: it controls for states' industrial compositions, and it can be calculated for 17 years, thus facilitating comparisons both among states and...
Persistent link: https://www.econbiz.de/10012471487