Showing 1 - 10 of 10
the important role of small and medium-sized enterprises (SMEs) in explaining Japan's modest productivity growth. Results …. SMEs, on average, exhibit lower productivity growth than non-SMEs in Japan, with smaller and older SMEs showing … particularly low productivity growth. Estimates suggest that boosting productivity growth in all of the worst-performing SMEs could …
Persistent link: https://www.econbiz.de/10012102074
Persistent link: https://www.econbiz.de/10009419727
The simple answer to both questions in the title of this paper is: No. We concentrate on the three main risk elements that contributed to the banking system’s difficulties during the crisis: increasing dollarization of the balance sheet, expanding exposure to the government, and, eventually,...
Persistent link: https://www.econbiz.de/10014402987
examine whether, and if so how, pension funds influence market discipline in Argentina in the period 1998-2001. We find …
Persistent link: https://www.econbiz.de/10014397134
-time employment appears to have weakened wage growth even in economies where headline unemployment rates are now at, or below, their …
Persistent link: https://www.econbiz.de/10011932563
Persistent link: https://www.econbiz.de/10009756777
How does unconventional monetary policy affect corporate capital structure and investment decisions? We study the transmission channel of quantitative easing and its potential diminishing returns on investment from a corporate finance perspective. Using a rich bank-firm matched data of Japanese...
Persistent link: https://www.econbiz.de/10012518322
Covid-19 has exacerbated economic and social vulnerabilities across Sub-Saharan Africa (SSA). There is a risk that growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important, especially with constrained scope for fiscal and monetary...
Persistent link: https://www.econbiz.de/10012518323
This paper investigates the impact of workers’ remittances on equilibrium real exchange rates (ERER) in recipient economies. Using a small open economy model, it shows that standard ""Dutch Disease"" results of appreciation are substantially weakened or even overturned depending on: degree of...
Persistent link: https://www.econbiz.de/10014402929
A large theoretical and empirical literature has focused on the impact of financial deepening on economic growth throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions, income levels, and types of economy. Using a rich dataset...
Persistent link: https://www.econbiz.de/10014395188