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Signaling and Employer Learning with Instruments
Aryal, Gaurab - 2020
The social and the private returns to education differ when education can increase productivity, and also be used to signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and private returns to education within the employer learning...
Persistent link: https://www.econbiz.de/10012841583
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A General Equilibrium Theory of Occupational Choice Under Optimistic Beliefs About Entrepreneurial Ability
Dell'Era, Michele - 2019
to entrepreneurship, and output. The calibration shows that optimism can explain the empirical puzzle of the low mean … returns to entrepreneurship compared to average wages …
Persistent link: https://www.econbiz.de/10012892272
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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 Climate Change Make Foodgrain Yields More Unpredictable? Evidence from India
Verma, Saumya - 2020
How would climate change affect India's agriculture which accounts for sixty percent of employment? We study the impact … of climate change on the level and variability of yields of rice (India's major food crop) and two key millet crops … (sorghum and pearl millet), using an all India district level panel dataset from 1966-2011. A stochastic production function is …
Persistent link: https://www.econbiz.de/10012839358
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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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Nonlinear Business Cycle and Optimal Policy : A VSTAR Perspective
Polito, Vito - 2020
-equivalent nonlinear quadratic regulator (NLQR) problem is derived. Optimal rules are calculated by adapting from the engineering theory …
Persistent link: https://www.econbiz.de/10012842681
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The Microeconomics of Cryptocurrencies
Halaburda, Hanna; Haeringer, Guillaume; Gans, Joshua; … - 2021
Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions initially took place mostly on blogs and other popular media, we now are witnessing the emergence of a growing body of rigorous academic research on these topics. By the nature...
Persistent link: https://www.econbiz.de/10013250041
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Distribution and Use of Knowledge Under the 'Laws of the Web'
Falkinger, Josef - 2021
Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a mass of producers and users of knowledge interact through a distribution medium. This paper considers the consequences of this fact for economic equilibrium analysis. In...
Persistent link: https://www.econbiz.de/10013316668
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Microeconometric Evidence of Financing Frictions and Innovative Activity
Tiwari, Amaresh K.; Mohnen, Pierre; Palm, Franz; van … - 2014
Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …
Persistent link: https://www.econbiz.de/10010333391