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Crowding Out Redefined : The Role of Reserve Accumulation
Reinhart, Carmen - 2013
It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on … investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 … markedly as public and private sectors look inward when external financing becomes prohibitively costly, altogether impossible …
Persistent link: https://www.econbiz.de/10013072866
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Related Investing : Corporate Ownership and Capital Mobilization During Early Industrialization
Khan, B. Zorina - 2017
Scholars engage in extensive debate about the role of families and corporations in economic growth. Some propose that personal ties provide a mechanism for overcoming such transactions costs as asymmetrical information, while others regard familial connections as conduits for inefficiency, with...
Persistent link: https://www.econbiz.de/10012965431
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Upstream Product Market Regulations, ICT, R&D and Productivity
Cette, Gilbert - 2015
through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in … data such as improvements in skills, management and organization. For this, we specify an extended production function … relating productivity explicitly to R&D and ICT capital as well as to upstream regulations, and two factor demand functions …
Persistent link: https://www.econbiz.de/10013034911
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Are Politicians Really Paid Like Bureaucrats?
Di Tella, Rafael; Fisman, Raymond J. - 2022
We provide the first empirical analysis of gubernatorial pay. Using US data for 1950-90 we document, contrary to widespread assumptions, substantial variation in the wages of politicians, both across states and over time. Gubernatorial wages respond to changes in state income per capita and...
Persistent link: https://www.econbiz.de/10014109125
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Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9
Adrian, Tobias - 2012
suggests that although bank lending to firms declines during the crisis, bond financing actually increases to make up much of …
Persistent link: https://www.econbiz.de/10013101282
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Regulations and productivity : long run effects and nonlinear influences
Papaioannou, Sotiris K. - In: Economic modelling 60 (2017), pp. 244-252
Persistent link: https://www.econbiz.de/10011734209
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Aggregation of Consumer Ratings : An Application to Yelp.Com
Dai, Daisy - 2012
Because consumer reviews leverage the wisdom of the crowd, the way in which they are aggregated is a central decision faced by platforms. We explore this "rating aggregation problem" and offer a structural approach to solving it, allowing for (1) reviewers to vary in stringency and accuracy, (2)...
Persistent link: https://www.econbiz.de/10013097277
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A New Approach to the Valuation of Intangible Capital
Cummins, Jason G. - 2012
, which ignores the possibility that the value of the .rm and its investment policy are simultaneously determined. Larger …
Persistent link: https://www.econbiz.de/10013102059
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The Under-Reporting of Transfers in Household Surveys : Its Nature and Consequences
Meyer, Bruce D. - 2010
High rates of understatement are found for many government transfer programs and in many datasets. This understatement has major implications for our understanding of economic well-being and the effects of transfer programs. We provide estimates of the extent of under-reporting for ten transfer...
Persistent link: https://www.econbiz.de/10013152093
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China's GDP Growth May Be Understated
Clark, Hunter L. - 2017
Concerns about the quality of China's official GDP statistics have been a perennial question in understanding its economic dynamics. We use data on satellite-recorded nighttime lights as an independent benchmark for comparing various published indicators of the state of the Chinese economy....
Persistent link: https://www.econbiz.de/10012958590