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Wars and markets : how bond values reflect World War II

Frey, Bruno S.; Kucher, Marcel - 1999

Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...

Persistent link: https://www.econbiz.de/10009781716

Initial capital constraints hinder entrepreneurial venture performance : an empirical analysis

Praag, Mirjam van - 2003

A novel method is applied to evaluate the effect of capital constraints on entrepreneurial performance on a panel of 1,000 Dutch entrepreneurs. We find that initial capital constraints hinder entrepreneurs in their performance, even when we control for various human capital and other factors...

Persistent link: https://www.econbiz.de/10011506454

Entrepreneurship, economic risks, and risk insurance in the welfare state : results with OECD data 1978-93

Ilmakunnas, Pekka; Kanniainen, Vesa - 2000

shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and … labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public … production of private goods on entrepreneurship dominates the crowding-in effect of public production of public goods in the OECD …

Persistent link: https://www.econbiz.de/10009781637

Indian entrepreneurial success in the United States, Canada and the United Kingdom

Fairlie, Robert W.; Krashinsky, Harry A.; … - 2013

Indian immigrants in the United States and other wealthy countries are successful in entrepreneurship. Using Census …

Persistent link: https://www.econbiz.de/10010212363

The great mortgaging : housing finance, crises, and business cycles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2014

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

Persistent link: https://www.econbiz.de/10010412763

Complementarity of innovation policies in the Brazilian industry : an econometric study

Strube, Eduardo; Resende, Marcelo - 2009

The paper aims at assessing discrete complementarities in innovation policies in the context of the Brazilian industry in 2003. The paper considers the approach advanced by Mohnen and and Röller [European Economic Review, 2005] that focuses on supermodularity and submodularity tests for...

Persistent link: https://www.econbiz.de/10003883864

Is the international border effect larger than the domestic border effect? : evidence from U.S. trade

Coughlin, Cletus Charles; Novy, Dennis - 2009

Many studies have found that international borders represent large barriers to trade. But how do international borders compare to domestic border barriers? We investigate international and domestic border barriers in a unified framework. We consider a unique data set of exports from individual...

Persistent link: https://www.econbiz.de/10003902081

Growing together : Croatia and Latvia

Thorvaldur Gylfason; Hochreiter, Eduard - 2010

We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and other...

Persistent link: https://www.econbiz.de/10008697476

Do natural resources depress income per capita?

Arezki, Rabah; Ploeg, Frederick van der - 2010

Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in...

Persistent link: https://www.econbiz.de/10003969214

Determinants of direct democracy

Fiorino, Nadia (contributor); Ricciuti, Roberto (contributor) - 2007

Persistent link: https://www.econbiz.de/10003498817