Showing 1 - 10 of 1,874
We analyze the welfare cost of inflation in a model with cash-in-advance constraints and an endogenous distribution of establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the United States economy and the long-run...
Persistent link: https://www.econbiz.de/10003916989
In contrast to the very large literature on skill-biased technical change among workers, there is hardly any work on the importance of skills for the entrepreneurs who employ those workers, and in particular on their evolution over time. This paper proposes a simple theory of skill-biased change...
Persistent link: https://www.econbiz.de/10009011635
Drivers of entrepreneurial entry are investigated in this study by examining how entry into small-business ownership is shaped by industry-specific constraints. The human- and financial-capital endowments of potential entrepreneurs entering firms in various industries are shown to differ...
Persistent link: https://www.econbiz.de/10009518408
This paper assesses the causal impact of greater market access on demographic transition during the latter half of the 19th century in the United States. We construct new measures of fertility changes and measures of railroad access at the county level from 1850 - 1890. We are able to document...
Persistent link: https://www.econbiz.de/10013173243
In EU countries, opening up of telecommunications markets and regulations have helped to reduce the price of digital … services which is an important quasi-input factor in all firms. Integrating the use of telecommunications in a macroeconomic … production function is the analytical starting point for our interdependent analysis of output, use of telecommunications and …
Persistent link: https://www.econbiz.de/10003384907
It has traditionally been argued that the development of telecommunications infrastructure is dependent on the quality … telecommunications services and find it to be much smaller in cellular telephony than in the others. By evaluating the importance of … offer policy implications for alleviating differences between countries in international telecommunications development. …
Persistent link: https://www.econbiz.de/10003529158
This paper presents a novel method for estimating the likely welfare effects of competition reforms for both current and new consumers. Using household budget survey data for 2015/16 for Ethiopia and assuming a reform scenario that dilutes the market share of the state-owned monopoly to 45...
Persistent link: https://www.econbiz.de/10012418650
We analyse a three-year panel data set of Russian firms spanning from 2000 to 2002 and we investigate the effect of regional institutional and economic factors on entry rates across time, industries and regions. The paper builds on a novel database and exploits inter-regional variation in a...
Persistent link: https://www.econbiz.de/10003759746
We use panel data on Mexican manufacturing plants to study the dynamics of plant-level exporting activity at both the extensive and the intensive margins and the connection between exporting dynamics and plant-level total factor productivity growth. We find that exporting activity has a ladder...
Persistent link: https://www.econbiz.de/10003771885
We explore the impact of privatization and the entry of new firms on enterprise performance in Belarus, a transition economy in which reform and market-orientated institutional development has been limited. We hypothesize that private ownership will enhance company performance, measured in a...
Persistent link: https://www.econbiz.de/10003328064