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In a standard dynamic stochastic general equilibrium framework, with sticky prices, the cross sectional distribution of output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability that the ith changes its prices in response to a...
Persistent link: https://www.econbiz.de/10003844356
This paper investigates the links between locational conditions, innovative capabilities and internationalization of manufacturing SMEs. Two modes of foreign market servicing are explored: exporting activity and relocating of selected business activities abroad. The empirical analysis employs...
Persistent link: https://www.econbiz.de/10009579357
This paper investigates whether self-employed households use consumer loans - in particular instalment loans and overdrafts - to finance business activities. Controlling for financial and non-financial household variables we show that self-employed households particularly use personal overdrafts...
Persistent link: https://www.econbiz.de/10009580355
than 10 employees; usually constituting the majority of firms in industrialized economies. Using the German KfW SME panel …
Persistent link: https://www.econbiz.de/10011421890
Persistent link: https://www.econbiz.de/10001972760
The fixing of the Libor and Euribor benchmark rates has proven vulnerable to manipulation. Individual rate-setters may have incentives to fraudulently distort their submissions. For the contributing banks to collectively agree on the direction in which to rig the rate, however, their interests...
Persistent link: https://www.econbiz.de/10011780773
SME database AMADEUS, which includes ten European countries. First, we apply probit models to investigate whether the …
Persistent link: https://www.econbiz.de/10012671873
The purpose of this study is to identify whether an innovative company’s likelihood of facing financial constraints is different when the company possesses a public procurement contract (PP). Theory suggests that the treatment effects of public procurement, particularly when mediated by the...
Persistent link: https://www.econbiz.de/10013342031
individual-based microdata from the GSOEP for 2006, we confirm that this relationship exists for Germany as well. More …
Persistent link: https://www.econbiz.de/10003726012
2007, about 7.3 million foreigners were living in Germany. While the total number of foreigners has decreased over the last … decade, female migration to Germany has increased. Today, women constitute 48.6% of migratory flows to Germany, although the …-specific determinants of remittances from Germany. Here we attempt to fill this gap, focusing on gender roles and network effects. We …
Persistent link: https://www.econbiz.de/10003726148