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Bank Regulation and Sovereign Risk : A Paradox
Afonso, António; Teixeira, André - 2023
This paper investigates the impact of banking prudential regulation on sovereign risk. We show that prudential regulation reduces sovereign risk and induces governments to spend more. As a result, countries with tight prudential regulation have lower primary budget balances and accumulate more...
Persistent link: https://www.econbiz.de/10014356478
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Sales and Markup Dispersion : Theory and Empirics
Mrazova, Monika - 2019
We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of demand in monopolistic competition. Applications include a new “CREMR” demand function (Constant Revenue Elasticity of Marginal Revenue): it is necessary and sufficient for...
Persistent link: https://www.econbiz.de/10012892151
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The Dynamics of Finance-Growth-Inequality Nexus : Theory and Evidence for India
Das, Pranab Kumar - 2019
The purpose of this research study has been to expand our understanding of the finance-growth ‘nexus’ to finance-growth-inequality ‘nexus’ in the presence of both the formal and the informal sources of borrowing. Using empirical evidence of IHDS Survey data for two rounds the study...
Persistent link: https://www.econbiz.de/10012892155
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Institutions and Offshoring Decision
Nicolini, Marcella - 2021
establish an FDI. Property rights theory suggests that contract enforcement matters differentially across sectors. This paper is …
Persistent link: https://www.econbiz.de/10013316890
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Stigma or Cushion? IMF Programs and Sovereign Creditworthiness
Gehring, Kai - 2018
IMF programs are often considered to carry a “stigma” that triggers adverse market reactions. We show that such a negative IMF effect disappears when accounting for endogenous selection into programs. To proxy for a country's access to financial markets, we use credit ratings and investor...
Persistent link: https://www.econbiz.de/10012920590
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It's all in Marshall: the impact of external economies on regional dynamics
Audretsch, David B.; Falck, Oliver; Heblich, Stephan - 2007
Marshall's student Pigou noted: It's all in Marshall. From a static point of view, this seems rather bold in a constantly changing world. However, this statement becomes more plausible in a dynamic context, where principles are subject to change. Indeed, over time, Marshall's concept of external...
Persistent link: https://www.econbiz.de/10010264206
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Teacher unions, teacher pay and student performance in India: a pupil fixed effects approach
Kingdon, Geeta; Teal, Francis - 2008
-section of data from private schools in India. We use differences in student mark across subjects to identify within …
Persistent link: https://www.econbiz.de/10010264460
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The twin effects of globalization: Evidence from a sample of Indian manufacturing firms
Daveri, Francesco; Manasse, Paolo; Serra, Danila - 2010
Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger incentives to train and upgrade their skills and/or may benefit from more rapid careers. Hence, the...
Persistent link: https://www.econbiz.de/10010274735
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Behind the scenes of the telecommunications miracle: An empirical analysis of the Indian market
Biancini, Sara - 2010
We analyze the demand and supply characteristics of the Indian telecommunications market, in order to assess the potential effectiveness of universal access policies in developing countries. We provide some empirical evidence on the supply and demand characteristics, using a small...
Persistent link: https://www.econbiz.de/10010274752
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The rapidly deepening India-China economic relationship
Whalley, John; Shekhar, Tanmaya - 2010
In this paper we focus on the rapidly deepening bilateral India-China economic relationship. Each is deeply integrating … into the global economy through trade and FDI inflows, China is seen as primarily manufacturing-lead growth with India as … service-lead growth (see Rodrick & Subramanian (2006)). An alternative view is that India is effectively a lagged version of …
Persistent link: https://www.econbiz.de/10010275020