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Firm Size Distortions and the Productivity Distribution: Evidence from France
Garicano, Luis; Lelarge, Claire; Van Reenen, John - C.E.P.R. Discussion Papers - 2013
We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our framework incorporates such regulations into the Lucas (1978) model and applies this to France where many labor laws start to bind on firms with exactly 50 or more employees....
Persistent link: https://www.econbiz.de/10011083258
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Financial constraints and innovation: Why poor countries don't catch up
Gorodnichenko, Yuriy; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2010
level of income and export intensity. Specifically, the paper investigates theoretically and empirically how financial … constraints affect a firm's innovation and export activities. Theoretical predictions are tested using unique firm survey data … constraints strongly adversely affect the ability of domestically owned firms to innovate and to export and hence to catch up to …
Persistent link: https://www.econbiz.de/10008468676
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Serial Entrepreneurs and the Macroeconomy
Karmakar, Sudipto; Sedlacek, Petr; Félix, Sónia - 2021
There are enormous differences across firms and their impact on the macroeconomy. Using unique administrative data from Portugal, enabling us to link companies to their owners, we show that firms owned by serial entrepreneurs (owners of multiple businesses) enjoy a "premium" along many...
Persistent link: https://www.econbiz.de/10013213032
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Labor Laws and Innovation
Acharya, Viral V; Baghai, Ramin; Subramanian, Krishnamurthy - C.E.P.R. Discussion Papers - 2009
Can stringent labor laws be efficient? Possibly, if they provide firms with a commitment device to not punish short-run failures and thereby incentivize the pursuit of value-maximizing innovative activities. In this paper, we provide empirical evidence that strong labor laws indeed appear to...
Persistent link: https://www.econbiz.de/10004980205
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Labour Markets in EMU - What has Changed and What Needs to Change
Bertola, Giuseppe - C.E.P.R. Discussion Papers - 2008
This paper reviews theoretical and empirical aspects of the interaction between Europe’s Economic and Monetary Union and recent labour market developments. Policies meant to increase and stabilize labour incomes also tend to reduce employment and productivity: theory suggests that the latter...
Persistent link: https://www.econbiz.de/10005791551
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The Geography of Development: Evaluating Migration Restrictions and Coastal Flooding
Desmet, Klaus; Nagy, David Krisztián; Rossi-Hansberg, … - C.E.P.R. Discussion Papers - 2015
We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with different levels of migration frictions. We...
Persistent link: https://www.econbiz.de/10011252617
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A World Factory in Global Production Chains: Estimating Imported Value Added in Chinese Exports
Koopman, Robert; Wang, Zhi; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2009
PRC’s exports of computers and consumer electronics, two of its largest and fastest growing export categories. …
Persistent link: https://www.econbiz.de/10005014569
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Do Food Scares Explain Supplier Concentration? An Analysis of EU Agri-food Imports
Cadot, Olivier; Jaud, Mélise; Suwa Eisenmann, Akiko - C.E.P.R. Discussion Papers - 2009
This paper documents a decreasing trend in the geographical concentration of EU agro-food imports. Decomposing the concentration indices into intensive and extensive margins components, we find that the decrease in overall concentration indices results from two diverging trends: the pattern of...
Persistent link: https://www.econbiz.de/10005014570
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Canada: No Place Like Home for Antidumping
Ludema, Rodney D; Mayda, Anna Maria - C.E.P.R. Discussion Papers - 2011
We analyze temporary trade barriers (TTB) in Canada in 1989-2009. We find that, despite the retreat in TTB stocks in the last decade, there are signs of a rebound. New AD cases have surged during the crisis, which portends a rise in AD stocks that could last for several years. Thus, the...
Persistent link: https://www.econbiz.de/10009643511
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Import Competition and Exit in Business Services Sectors
Bombarda, Pamela; McCann, Fergal; Toubal, Farid - C.E.P.R. Discussion Papers - 2010
Business services firms are increasingly under pressure from foreign competition. We develop an oligopolistic competition model that studies the effect of trade liberalization on exit and sectoral restructuring in the business services sector. We assume that firms are heterogeneous in their...
Persistent link: https://www.econbiz.de/10008692315