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Changes in the Structure of Earnings During the Polish Transition
Prasad, Eswar - 2002
This paper documents that inequality in labor earnings increased substantially during the economic transition in Poland …. One surprising result is that earnings inequality increased markedly in both the private and public sectors, indicating …
Persistent link: https://www.econbiz.de/10014403669
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Credit Markets with Differences in Abilities : Education, Distribution, and Growth
De Gregorio, Jose - 1994
This paper addresses the growth, welfare, and distributional effects of credit markets. We construct a general equilibrium model where human capital is the engine of growth and individuals differ in their education abilities. We argue that the existence of credit markets encourages...
Persistent link: https://www.econbiz.de/10014396004
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Knowledge spillovers from superstar tech-firms : the case of Nokia
Ali-Yrkkö, Jyrki; Chérif, Réda; Hasanov, Fuad; … - 2021
Do workers hired from superstar tech-firms contribute to better firm performance? To address this question, we analyze the effects of tacit knowledge spillovers from Nokia in the context of a quasi-natural experiment in Finland, the closure of Nokia's mobile device division in 2014 and the...
Persistent link: https://www.econbiz.de/10012796292
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The spending challenge of achieving the SDGs in South Asia : lessons from India
García-Escribano, Mercedes; Tewodaj Mogues; Moszoro, … - 2021
South Asia has experienced significant progress in improving human and physical capital over the past few decades. Within the region, India has become a global economic powerhouse with enormous development potential ahead. To foster human and economic development, India has shown a strong...
Persistent link: https://www.econbiz.de/10012794911
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Debt, investment, and growth in developing countries with segmented labor markets
Buffie, Edward F.; Zanna, Luis-Felipe; Adam, Christopher S. - 2020
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....
Persistent link: https://www.econbiz.de/10012252029
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A closer look at sectoral financial linkages in Brazil I : corporations’ financial statements
Karpowicz, Izabela; Lipinsky, Fabian; Park, Jongho - 2016
Understanding the interplay between firms' balance sheets and the macro-economic environment is important for understanding of the Brazilian economy. A close examination of developments in the nonfinancial corporate sector up to the early 2015 reveals weak equity growth, declining profitability,...
Persistent link: https://www.econbiz.de/10011445363
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Corporate sector vulnerabilities in Ireland
Klein, Nir - 2016
The paper uses both macro- and micro-level data to assess how has the financial health of the Irish non-financial corporate (NFC) sector changed in the post financial crisis period. The analysis suggests that vulnerabilities have generally declined in recent years, but the NFC sector and...
Persistent link: https://www.econbiz.de/10011715543
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Exploring residual profit allocation
Beer, Sebastian; Mooij, Ruud A. de; Hebous, Shafik; … - 2020
Schemes of residual profit allocation (RPA) tax multinationals by allocating their 'routine' profits to countries in which their activities take place and sharing their remaining 'residual' profit across countries on some formulaic basis. They have recently and rapidly come to prominence in...
Persistent link: https://www.econbiz.de/10012251292
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FX intervention to stabilize or manipulate the exchange rate? : inference from profitability
Sandri, Damiano - 2020
We analyze the profitability of FX swaps used by the central bank of Brazil to shed light on the rationale for FX intervention. We find that swaps are profitable in expectation, suggesting that FX intervention is used to stabilize the exchange rate in the face of temporary excessive movements...
Persistent link: https://www.econbiz.de/10012251968
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The present value of corporate profits : a forecasters’ survey perspective
Andrle, Michal - 2019
-tax corporate earnings and long-term Treasury note yields, sourced from the Blue Chip Economic Indicators survey. The appraised … value of corporate earnings can point in real time at periods where market prices are deviating from valuations implied by … expected earnings and interest rates. Market participants' forecasts seem to interpret most of the earnings fluctuations as …
Persistent link: https://www.econbiz.de/10012001557