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Age-Specific Entrepreneurship and PAYG Public Pensions in Germany
Heer, Burkhard - 2020
We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large-scale overlapping-generations model that can replicate...
Persistent link: https://www.econbiz.de/10012827665
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Does Emigration Drain Entrepreneurs?
Anelli, Massimo - 2020
Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous variation in a large emigration wave from Italy between 2008 and 2015 by interacting diaspora networks with economic pull factors in destination countries, and find that larger...
Persistent link: https://www.econbiz.de/10012829325
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Credit Market Imperfection, Lack of Entrepreneurs and Capital Outflow from a Developing Economy
Marjit, Sugata - 2020
This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained economy and the resultant impact on the capital flows. In standard trade models the capital flows across countries are explained as a result of the rate of return differentials due...
Persistent link: https://www.econbiz.de/10012824582
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Does public governance always matter? How experience of poor institutional quality influences FDI to the South
Darby, Julia; Desbordes, Rodolphe; Wooton, Ian - 2010
This paper investigates whether the higher prevalence of South multinational enterprises (MNEs) in risky developing countries may be explained by the experience that they have acquired of poor institutional quality at home. We confirm the intuition provided by our analytical model by empirically...
Persistent link: https://www.econbiz.de/10010274878
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The Quantification of Structural Reforms: Extending the Framework to Emerging Market Economies
Egert, Balazs - 2018
non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes …. More competition-friendly regulations, as measured by the OECDs’ Product Market Regulation (PMR) indicator improve economic … businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital …
Persistent link: https://www.econbiz.de/10011815814
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Creative destruction and productive preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …
Persistent link: https://www.econbiz.de/10010291511
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Fare Evasion and Monopoly Regulation
Besfamille, Martin; Figueroa, Nicolás; Guzmán, León - 2022
We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public … breaks-even. With costly effort, the firm can deter evasion. Under unit demand and fixed quality, price is independent of …
Persistent link: https://www.econbiz.de/10013177626
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Demography and innovative entrepreneurship
Bönte, Werner; Falck, Oliver; Heblich, Stephan - 2007
Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...
Persistent link: https://www.econbiz.de/10010264224
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Climate change mitigation strategies in fast-growing countries : the benefits of early action
Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo - 2009
investment behaviour is to anticipate the implementation of a climate policy by roughly 10 years. Investing in innovation ahead …. This is especially relevant for China, whose recent and foreseeable trends of investments in innovation are consistent with …
Persistent link: https://www.econbiz.de/10010266005
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The Effects of Land Redistribution : Evidence from the French Revolution
Finley, Theresa; Franck, Raphaël; Johnson, Noel - 2021
This study exploits the confiscation and auctioning off of Church property that occurred during the French Revolution to assess the role played by transaction costs in delaying the reallocation of property rights in the aftermath of fundamental institutional reform. French districts with a...
Persistent link: https://www.econbiz.de/10013315182