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Populism, political risk and the economy : lessons from Italy
Balduzzi, Pierluigi; Brancati, Emanuele; Brianti, Marco; … - 2020
We study the effects on financial markets and real economic activity of changes in risk related to political events and policy announcements in Italy during the 2013-2019 period that saw the rise to power of populist parties. We focus on events that have implications for budgetary policy, debt...
Persistent link: https://www.econbiz.de/10012163613
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Security, trade, and political violence
Amodio, Francesco; Baccini, Leonardo; Di Maio, Michele - 2017
this hypothesis, we exploit the restrictions imposed by Israel on imports to the West Bank as a quasi-experiment. In 2008 … number of production inputs from entering the West Bank. We show that after 2008 (i) output and wages decrease in those … localities. Our calculations suggest these effects account for 18% of the violent political events that occurred in the West Bank …
Persistent link: https://www.econbiz.de/10011670900
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Size matters : entrepreneurial entry and government
Aidis, Ruta; Estrin, Saul; Mickiewicz, Tomasz - 2010
We explore the country-specific institutional characteristics likely to influence an individual's decision to become an entrepreneur. We focus on the size of the government, on freedom from corruption, and on 'market freedom' defined as a cluster of variables related to protection of property...
Persistent link: https://www.econbiz.de/10008668035
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Shadow economy and entrepreneurial entry
Estrin, Saul; Mickiewicz, Tomasz - 2010
We analyze theoretically and empirically the impact of the shadow economy on entrepreneurial entry, utilising 1998-2005 individual-level Global Entrepreneurship Monitor data merged with macro level variables. A simple correlation coefficient suggests a positive linear link between the size of...
Persistent link: https://www.econbiz.de/10008689039
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Microeconomic evidence of creative destruction in industrial and developing countries
Bartelsman, Eric (contributor);  … - 2004 - [Elektronische Ressource]
In this paper we provide an analysis of the process of creative destruction across 24 countries and 2-digit industries over the past decade. We rely on a newly assembled dataset that draws from different micro data sources (business registers, census, or representative enterprise surveys). The...
Persistent link: https://www.econbiz.de/10002481769
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Credit constraints as a barrier to the entry and post-entry growth of firms
Aghion, Philippe (contributor); Fally, Thibault (contributor) - 2007
Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms' decision to enter, to expand if successful and to exit...
Persistent link: https://www.econbiz.de/10003656883
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Regulatory barriers and entry in developing economies
Bennett, John (contributor); Estrin, Saul (contributor) - 2006
We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to 'excessive' entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a licence...
Persistent link: https://www.econbiz.de/10003328066
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Employment protection, product market regulation and firm selection
Koeniger, Winfried (contributor); Prat, Julien (contributor) - 2006
This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search frictions. Modeling multiple-worker firms allows us to distinguish between the exit-and-entry (extensive) margin, and the hiring-and-firing (intensive) margin. We characterize...
Persistent link: https://www.econbiz.de/10003278939
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Subsidizing firm entry in open economies
Pflüger, Michael; Südekum, Jens - 2009
Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different countries. These costs are heavily influenced by economic policy. What is not well understood is how international trade affects the government incentive to impact on entry costs,...
Persistent link: https://www.econbiz.de/10003894876
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Product market regulation, firm selection and unemployment
Felbermayr, Gabriel (contributor); Prat, Julien (contributor) - 2007
This paper analyzes the effect of Product Market Regulation (PMR) on unemployment in a search model with heterogeneous multiple-worker firms. In our setup, PMR modifies the distribution of firm productivities, thereby affecting the equilibrium rate of unemployment. We distinguish between PMR...
Persistent link: https://www.econbiz.de/10003585349