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The Rise of the Walking Dead: Zombie Firms Around the World
Albuquerque, Bruno - 2023
We build a new dataset of listed and private nonfinancial zombie firms for a large set of Advanced Economies and Emerging Markets over the last two decades. We find that the share of these unproductive and unviable firms has been rising worldwide, especially since the GFC and the Covid-19...
Persistent link: https://www.econbiz.de/10015059333
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Financial Constraints, Productivity, and Investment: Evidence from Lithuania
Foda, Karim - 2022
This paper studies the relation between firms' access to finance, labor productivity and investment using Lithuanian firm-level data from 2000-2018. To do so, we construct a measure of financial constraints. We estimate that, given firm characteristics, removing these constraints can improve...
Persistent link: https://www.econbiz.de/10015059916
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Walking hand in hand : fiscal policy and growth in advanced economies
Cottarelli, Carlo; Jaramillo, Laura - 2012
in fiscal indicators, including deficits, debt, and financing costs. Revenue and expenditure policies are also critical …
Persistent link: https://www.econbiz.de/10009615787
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Low for (Very) Long? A Long-Run Perspective on r* across Advanced Economies
Platzer, Josef - 2023
We provide a long-run perspective on neutral interest rates with new estimates for 16 advanced economies since the 1870s using the Laubach and Williams approach. Our estimates differ substantially from commonly used proxies. We find that, while cross-country heterogeneity was significant in the...
Persistent link: https://www.econbiz.de/10015059666
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Fiscal Consolidation in Israel : A Global Fiscal Model Perspective
Elekdag, Selim - 2006
Intro -- Contents -- I. INTRODUCTION -- II. FISCAL PERFORMANCE IN ISRAEL -- III. THE MODEL -- IV. FISCAL CONSOLIDATION: NOW VERSUS LATER -- V. TAX CUTS -- VI. CONCLUSION -- APPENDIX. CALIBRATION OF GFM -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691116
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Fiscal consolidation and the cost of credit : evidence from syndicated loans
Ağca, Şenay; Igan, Deniz - 2013
fiscal consolidations, especially for small firms, domestic firms, and for firms with limited alternative financing sources …
Persistent link: https://www.econbiz.de/10009706780
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Stock Market and the Financing of Corporate Growth in Africa : The Case of Ghana
Yartey, Charles Amo - 2006
Intro -- Contents -- I. INTRODUCTION -- II. THEORIES OF CORPORATE FINANCE -- III. CORPORATE FINANCING PATTERNS AROUND …
Persistent link: https://www.econbiz.de/10012691158
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The Missing Link Between Financial Constraints and Productivity
Moreno Badia, Marialuz - 2009
The global financial crisis has reopened the debate on the potential spillover effects from the financial sector to the real economy. This paper adds to that debate by providing new evidence on the link between finance and firm-level productivity, focusing on the case of Estonia. We contribute...
Persistent link: https://www.econbiz.de/10012677759
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The Cost of Aggressive Sovereign Debt Policies
Trebesch, Christoph - 2009
This paper proposes a new empirical measure of cooperative versus conflictual crisis resolution following sovereign default and debt distress. The index of government coerciveness is presented as a proxy for excusable versus inexcusable default behaviour and used to evaluate the costs of default...
Persistent link: https://www.econbiz.de/10012677723
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Supporting Sustainable Financing and Access to Finance in Armenia
Atamanchuk, Maria - 2023
In Armenia, both external and domestic financing face challenges. Armenia's share of inward foreign direct investment … (FDI) in private external financing has declined significantly over the past decade. Access to domestic finance in Armenia … improve financing in Armenia include: implementing structural reforms to improve the business environment, maintaining prudent …
Persistent link: https://www.econbiz.de/10015060223