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To synthesize the literature on determinants of the shadow economy, this paper uses three cross-national shadow economy measures and employs numerous determinants over hundreds of model combinations to identify robust determinants of the shadow economy and address modeling uncertainty. We find...
Persistent link: https://www.econbiz.de/10012992010
between developed and developing economies and is not stable over time. The estimation results indicate that, especially …
Persistent link: https://www.econbiz.de/10013095899
This paper describes the trends in foreign bank ownership across the world and presents, for the first time, empirical …
Persistent link: https://www.econbiz.de/10013094859
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10013050476
fiscal policy, government effectiveness and productivity. Here, their dataset is extended in a number of ways: the number of … countries included is increased from 85 to up to 116, and more recent data for both government effectiveness and productivity …
Persistent link: https://www.econbiz.de/10013317083
We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product … quality. Combining six micro-datasets on management practices, production and trade in Chinese and American firms, we find … inputs, and imported inputs from more advanced countries. The structural estimates indicate that management is important for …
Persistent link: https://www.econbiz.de/10012898431
We examine immigrant entrepreneurship and the survival and growth of immigrant-founded businesses over time relative to native-founded companies. Our work quantifies immigrant contributions to new firm creation in a wide variety of fields and using multiple definitions. While significant...
Persistent link: https://www.econbiz.de/10012902521
In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to shareholder-oriented firms in a model of imperfect competition....
Persistent link: https://www.econbiz.de/10013057260
Focusing in particular on upper secondary education, this paper examines whether the relatively high level of expenditure on education in the Nordic countries is matched by high output from the educational sector, both in terms of student enrolment and indicators of output quality in the form of...
Persistent link: https://www.econbiz.de/10013013696
total factor productivity. We exploit time, country, and industry differences in the opening of EU labor markets from 2004 …
Persistent link: https://www.econbiz.de/10012927105