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This paper examines the Lucas Paradox and the Allocation Puzzle of international capital flows referring to a panel data set of EMU countries and major industrialized and emerging economies. Overall, the results do not provide evidence in favour of the Lucas Paradox and the Allocation Puzzle....
Persistent link: https://www.econbiz.de/10010249651
distribution; and a permanent positive effect on full-time employment. …
Persistent link: https://www.econbiz.de/10012821802
This paper studies the long-term consequences on firms and workers of the credit crunch triggered by the 2007-2008 global financial crisis. Relying on a unique matched bank-employer-employee administrative dataset, we construct a firm-specific credit supply shock and examine firms’ and...
Persistent link: https://www.econbiz.de/10014440036
This paper proposes a new perspective on international capital flows and countries' long-run external asset position. Cross-sectional evidence for 84 developing countries shows that over the last three decades countries that have had on average higher volatility of output growth (1) accumulated...
Persistent link: https://www.econbiz.de/10010433418
We provide the first empirical tests for financial protectionism, defined as a nationalistic change in bank's lending behaviour, as the result of public intervention, which leads domestic banks either to lend less or at higher interest rates to foreigners. We use a bank-level panel data set...
Persistent link: https://www.econbiz.de/10009125050
Although microfinance institutions across the world are moving from group lending towards individual lending, this strategic shift is not substantiated by sufficient empirical evidence on the impact of both types of lending on borrowers. We present such evidence from a randomised field...
Persistent link: https://www.econbiz.de/10010247409
poverty indices using SOEP data from 1991-2012. We distinguish between parental and publicly provided childcare, which is an … increasingly important in-kind benefit in Germany. We find that both multidimensional inequality and poverty declined as expanded …
Persistent link: https://www.econbiz.de/10011440704
find that poverty defined with respect to relative incomes has no effect on changes in health. However, broader measures of … poor material conditions such as subjective poverty or low relative value of wealth significantly increase the probability … analysed. In addition to this the subjective measure of poverty has a significant effect on mortality, increasing it by 40 …
Persistent link: https://www.econbiz.de/10009782757
measure of energy poverty. The proposed measure is based on deprivation with a direct relation to energy consumption, but it … likelihood of energy deprivation in Germany, but these variables only partially constitute energy poverty. Other aspects, e ….g. employment status or housing conditions, play an important role as well. …
Persistent link: https://www.econbiz.de/10012098484
poverty. We provide two empirical applications of our measure. First, we analyze the development of inequality in the US from …
Persistent link: https://www.econbiz.de/10012236841