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Political connections, state ownership and productivity in China
Harris, Richard I. D.; Hashimzade, Nigar; Ding, Sai - 2016
, and total factor productivity (TFP) using firm-level data for China between 1998 and 2007. We find, consistent with the …Subordination of business to political influence has remains pervasive in China. We construct a Schumpeterian … model predicts the impact of different patterns of state ownership and/or political connectedness on firm productivity …
Persistent link: https://www.econbiz.de/10011571621
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Ten facts on declining business dynamism and lessons from endogenous growth theory
Akcigit, Ufuk; Ates, Sina T. - 2019
In this paper, we review the literature on declining business dynamism and its implications in the United States and propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced stylized facts related to declining business dynamism...
Persistent link: https://www.econbiz.de/10012104042
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What happened to U.S. business dynamism?
Akcigit, Ufuk; Ates, Sina T. - 2019
In the past several decades, the U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism. In this paper, we make an attempt to understand potential common forces behind these empirical regularities through the lens of...
Persistent link: https://www.econbiz.de/10012104132
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Business dynamics and productivity growth in the Netherlands
Freeman, Daan; Bettendorf, Leon; Heuvelen, Gerrit Hugo van - 2024
productivity growth. We utilise a rich microdata set covering the period 2006-2016, encompassing nearly all Dutch corporations …. This dataset facilitates an evaluation of start-ups’ and exiting firms’ contributions to Total Factor Productivity (TFP … display lower productivity than incumbents, their productivity growth outpaces that of incumbents. In services, entrants …
Persistent link: https://www.econbiz.de/10014517965
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Firms in product space : adoption, growth and competition
Macedoni, Luca; Morrow, John; Tyazhelnikov, Vladimir - 2024
Which products are potentially produced together? When demand for a product increases, which firms will supply it? Using multi-product production patterns within and across firms, we recover a continuous cost-based distance between firms and unproduced products. Higher product distance implies...
Persistent link: https://www.econbiz.de/10015077827
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Local capital scarcity and small firm growth : evidence from real estate booms in China
Hau, Harald; Ouyang, Difei - 2019
, reduce their bank lending, lower their investment rate and labor productivity, and reduce their output and TFP growth by …
Persistent link: https://www.econbiz.de/10012120233
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Cloud computing and firm growth
DeStefano, Timothy; Kneller, Richard; Timmis, Jonathan - 2020
Cloud computing enables a shift in the costs of ICT adoption from investment in fixed capital to pay-on-demand services allowing firms to scale and reorganize. Using new firm-level data we examine the impact of cloud on firm growth, using zip-code-level instruments of the timing of high-speed...
Persistent link: https://www.econbiz.de/10012219377
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Voluntary equity, project risk, and capital requirements
Haufler, Andreas; Lülfesmann, Christoph - 2022
We introduce a model of the banking sector that formally incorporate a buffer function of capital. Heterogeneous banks choose their portfolio risk, bank size, and capital holdings. Banks voluntarily hold equity when the buffer effect against the risk of default outweighs the cost advantages of...
Persistent link: https://www.econbiz.de/10012797734
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Revisiting the OLI paradigm : the institutions, the state, and China's OFDI
Liang, Hao; Ren, Bing; Zhu, Haikun - 2011
potential concerns on China's state-backed OFDI and its implication on long-term sustainability. -- outward foreign direct …
Persistent link: https://www.econbiz.de/10009377792
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Does ownership affect the impact of taxes on firm behavior? : evidence from China
Fuest, Clemens; Liu, Li - 2015
tax reforms in China to shed light on the differential impact of taxation on firms under different ownership regimes …
Persistent link: https://www.econbiz.de/10010509590