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this question empirically is to decompose the variance in firm-level profitability into firm, industry, location, and year … have examined the nature of differences in firm profitability. We conduct a meta-regression and variance decomposition …
Persistent link: https://www.econbiz.de/10010477109
We exploit the introduction of free banking laws in US states during the 1837-1863 period to examine the impact of removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic stability in this period, we are able to isolate the...
Persistent link: https://www.econbiz.de/10010227307
The purpose of this paper is to suggest that a fundamental shift in Europe, along with the other OECD countries, is taking place. This shift is from the managed economy to the entrepreneurial economy. While politicians and policy makers have made a plea for guidance in the era of...
Persistent link: https://www.econbiz.de/10010363192
Does venture capital (VC) investment yield economic growth? A large literature studies the effect of VC investments on firm-level activity, but its effects on economic growth are less well understood. We identify the effect of VC investment flows on destination county employment, wages, and...
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In this paper we discuss a locational model with a profit-maximizing objective. The model can be illustrated by the … its total profit, the firm has to decide:1) where to locate its distribution warehouse to serve the customers;2) the price … profit. We show that this problem can besolved in polynomial time. …
Persistent link: https://www.econbiz.de/10010232858