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Credit Constraints and the Cyclicality of R&D Investment : Evidence from France

Aghion, Philippe - 2010

We use a French firm-level panel data set over the period 1993-2004 to analyze the relationship between credit constraints and firms' R&D behavior over the business cycle. Our main results can be summarized as follows: (i) the share of R&D investment over total investment is countercyclical...

Persistent link: https://www.econbiz.de/10013137947

Service Deregulation, Competition and the Performance of French and Italian Firms

Daveri, Francesco - 2011

We use firm-level data for France and Italy to explore the impact of service regulation reform implemented in the two …

Persistent link: https://www.econbiz.de/10013119082

Labour Relations Quality and Productivity : An Empirical Analysis on French Firms

Cette, Gilbert - 2012

agreements, at the firm or at the industry level. The estimations are based on a unique dataset collected by the Banque de France …

Persistent link: https://www.econbiz.de/10013101739

The Impact of Urban Enterprise Zones on Establishment Location Decisions : Evidence from French Zfus

Mayer, Thierry - 2013

exhaustive information on the location of establishments in France over the period 2002-2007 at the census block level. Our …

Persistent link: https://www.econbiz.de/10013073784

Insight from a Time-Varying VAR Model with Stochastic Volatility of the French Housing and Credit Markets

Avouyi-Dovi, Sanvi - 2017

Through a time-varying VAR model with drifting parameters and stochastic volatilities (Cogley and Sargent, 2005, Primiceri, 2005), we explore nonlinearities on the French housing and credit markets, which give rich insights on the persistent bubble of the 2000s. While the price increase took...

Persistent link: https://www.econbiz.de/10012963084

Tax Simplicity and Heterogeneous Learning

Aghion, Philippe - 2018

. We use new French tax returns data on the self-employed from 1994 to 2012. France has three fiscal regimes for the self …

Persistent link: https://www.econbiz.de/10012926186

The 'Housing Bubble' and Financial Factors : Insights from a Structural Model of the French and Spanish Residential Markets

Antipa, Pamfili M. - 2015

Over the last decade, France and Spain have experienced property price and residential investment increases which were …, our estimates imply that residential property prices in France and Spain were approximately 20% above the level explained … degree of overvaluation is drastically reduced. The adjustment path to equilibrium is slightly faster in France than in Spain …

Persistent link: https://www.econbiz.de/10013038761

Real Estate Prices and Corporate Investment : Theory and Evidence of Heterogeneous Effects Across Firms

Fougère, Denis - 2017

In this paper, we investigate the effect of real estate prices on productive investment. We build a simple theoretical framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms' borrowing capacities through two channels. An...

Persistent link: https://www.econbiz.de/10012958147

From Micro to Macro : Demand, Supply, and Heterogeneity in the Trade Elasticity

Bas, Maria - 2015

Models of heterogeneous firms with selection into export market participation generically exhibit aggregate trade elasticities that vary across country-pairs. Only when heterogeneity is assumed Pareto-distributed do all elasticities collapse into a unique elasticity, estimable with a gravity...

Persistent link: https://www.econbiz.de/10013020001

The Impact of Exports on Innovation : Theory and Evidence

Aghion, Philippe - 2018

This paper investigates the effect of export shocks on innovation. On the one hand a positive shock increases market size and therefore innovation incentives for all firms. On the other hand it increases competition as more firms enter the export market. This in turn reduces profits and...

Persistent link: https://www.econbiz.de/10012920244