Similar Search Results

Is the German Mittelstand More Resistant to Crises? Empirical Evidence from the Great Recession

Berlemann, Michael; Jahn, Vera; Lehmann, Robert - 2021

Germany’s comparatively good economic performance throughout the Great Recession of the years 2008/2009 is often attributed to the business model of the German Mittelstand firm. Somewhat surprisingly, this claim has never been backed by empirical evidence. In this paper we use micro panel data...

Persistent link: https://www.econbiz.de/10013314765

Rescue Policies for Small Businesses in the COVID-19 Recession

Nola, Alessandro Di; Kaas, Leo; Wang, Haomin - 2022

While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...

Persistent link: https://www.econbiz.de/10013293851

Financial integration, globalization, and real activity

De Nicolò, Gianni; Juvenal, Luciana - 2012

Using data for a large number of advanced and emerging market economies during 1982-2009, this paper examines the distinct impact of financial integration and globalization on several dimensions of real activity. We find that: (a) financial integration has progressed significantly worldwide,...

Persistent link: https://www.econbiz.de/10010280851

New Technologies, Global Value Chains, and the Developing Economies

Rodrik, Dani - 2019

Many of the exports of developing countries are channeled through global value chains (GVCs), which also act as conduits for new technologies. However, new capabilities and productive employment remain limited so far to a tiny sliver of globally integrated firms. GVCs and new technologies...

Persistent link: https://www.econbiz.de/10012892047

Multinational Production and Global Shock Propagation During the Great Recession

Li, Haishi - 2023

Did multinational production (MP) exacerbate or mitigate the collapse of international trade during the Great Recession? What role did MP and trade links play in propagating economic shocks across countries? I resolve the “Multinationals’ Resilience Puzzle” during the Great Recession by...

Persistent link: https://www.econbiz.de/10014358332

Economic Globalisation and Africa's Quest for Greener and More Inclusive Growth : The Missing Link

Ofori, Isaac K; Freytag, Andreas; Asongu, Simplice A. - 2023

This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and inclusive green growth (IGG) relationship in Africa. Based on macro data for 22 African countries and the Driscoll-Kraay standard errors with fixed effects instrumental variable...

Persistent link: https://www.econbiz.de/10014347989

Firm-specific productivity risk over the business cycle : facts and aggregate implications

Bachmann, Ruediger; Bayer, Christian - 2009

Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital adjustment, where cyclical changes in uncertainty...

Persistent link: https://www.econbiz.de/10010266059

The cross-section of firms over the business cycle : new facts and a DSGE exploration

Bachmann, Ruediger; Bayer, Christian - 2009

Using a German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The cross-sectional...

Persistent link: https://www.econbiz.de/10010271782

Quadratic Costs, Innovation and Welfare : The Role of Technology

Marjit, Sugata - 2020

In a Cournot oligopoly set up with constant marginal cost and linear demand, innovation is rewarding. In this paper we … work with a Cournot oligopoly framework with increasing marginal cost and linear demand and show that innovation may not be … interaction we attempt to capture and explain is the one of technology with the possibility of innovation via the intensity of …

Persistent link: https://www.econbiz.de/10012824572

Migrant Inventors and the Technological Advantage of Nations

Bahar, Dany - 2019

We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the …

Persistent link: https://www.econbiz.de/10012867871