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Persistent link: https://www.econbiz.de/10002182090
A structural model of entry and fiscal policy is presented. It shows that taxation of variable production costs can increase product prices, lower competition, and reduce the availability of new products in small markets. The model's test is based on a unique nationwide fiscal experiment. We...
Persistent link: https://www.econbiz.de/10011411458
Persistent link: https://www.econbiz.de/10001743823
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the...
Persistent link: https://www.econbiz.de/10010510508
We analyse all the major sources of direct and indirect R&D subsidies in Norway in the period 2002-2013 and compare their effects on individual firms' performance. Firms that received support are matched with a control group of firms that did not receive support using a combination of...
Persistent link: https://www.econbiz.de/10011881190
This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component … differentials in their firm efficiency. The results show that the effect of software investment on firm efficiency is larger in high … technology firms, the effect of the software investment is smaller than the effect of research and development personnel …
Persistent link: https://www.econbiz.de/10011309152
According to Gibrat’s Law of Proportionate Effect, the growth rate of a given firm is independent of its size at the beginning of the period examined. While earlier studies tended to confirm the Law, more recent research generally rejects it. This paper reconciles these two streams of...
Persistent link: https://www.econbiz.de/10003583928
Analyzing data on all U.S. employers in a cohort of entering firms, we document a highly skewed size distribution, such that the largest 5% account for over half of cohort employment at firm birth and more than two-thirds at firm age 7. Little of the size variation is accounted for by industry...
Persistent link: https://www.econbiz.de/10011881435
firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …
Persistent link: https://www.econbiz.de/10010229932
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