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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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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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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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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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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
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Labor costs and corporate investment in Italy
Garcia-Macia, Daniel - 2020
The recovery of private investment in Italy has lagged its euro area peers over the past decade. This paper examines the role of elevated labor costs in hindering the recovery. Specifically, labor costs rose faster than labor productivity prior to the global financial crisis and have remained...
Persistent link: https://www.econbiz.de/10012177626
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Breaking the bank? : a probabilistic assessment of euro area bank profitability
Elekdaǧ, Selim Ali; Malik, Sheheryar; Mitra, Srobona - 2019
This paper explores the determinants of profitability across large euro area banks using a novel approach based on conditional profitability distributions. Real GDP growth and the NPL ratio are shown to be the most reliable determinants of bank profitability. However, the estimated conditional...
Persistent link: https://www.econbiz.de/10012154822
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Where have all the profits gone? : European bank profitability over the financial cycle
Detragiache, Enrica; Tressel, Thierry; Turk Ariss, Rima - 2018
The paper investigates EU banks' profitability through the recent financial cycle using banklevel balance sheet and income statement data. We find that banks that were more successful at protecting their profits had a less pronounced deterioration in loan quality and a larger improvement in cost...
Persistent link: https://www.econbiz.de/10011852611
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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