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Capital formation is a key driver of the growth of potential output. With continuing widespread capital controls and persistently small inward FDI the volume of capital formation in India is constrained by domestic saving. The national saving rate in India (the sum of the saving rates of...
Persistent link: https://www.econbiz.de/10005123636
This paper develops a micro-founded general equilibrium model of the financial system composed of ultimate borrowers, ultimate lenders and financial intermediaries. The model is used to investigate the impact of uncertainty about the likelihood of governmental bailouts on leverage, interest...
Persistent link: https://www.econbiz.de/10009144737
these sectors, a distinction is made between sub-sector groupings that exhibit a high level of concentration and those that … the extent of wage mobility in a given economic sector is negatively related to the degree of concentration in that sector. …
Persistent link: https://www.econbiz.de/10005662341
cost margins, industry wide profits or concentration. All parameterizations of competition, considered here, have two …
Persistent link: https://www.econbiz.de/10005791340
geography exercises (the analysis of spatial concentration, agglomeration economies, and trade determinants), using various …
Persistent link: https://www.econbiz.de/10005792469
This paper looks for firm-level evidence that high rates of protection breed concentration of firm activities into …
Persistent link: https://www.econbiz.de/10004972169
concentration does increase profitability, but only in geographically dispersed industries, suggesting that regional markets are an …In this paper we re-examine empirically the Structure-Conduct-Performance relationship between concentration and … profitability using new data on Russia that allow us to overcome the endogeneity problem of market structure and expand on the …
Persistent link: https://www.econbiz.de/10005124424
A key feature of Soviet-type economies is the excessive concentration of production and the skewed size distribution of …
Persistent link: https://www.econbiz.de/10005661561
. However, PCM tends to misrepresent the development of competition over time in markets with few firms and high concentration …
Persistent link: https://www.econbiz.de/10005661776
This paper uses a New Keynesian framework to study the coordination of fiscal and monetary policies, in response to an inflation shock when the policymaker acts with commitment. We first show that, in the simplest New Keynesian model, fiscal policy plays no part in the optimal policy response,...
Persistent link: https://www.econbiz.de/10011276383