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total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect … substitutes. In this paper we test this assumption by estimating a nested-CES production function whereas the two types of capital … private capital stocks for 151 countries over a period of 1960-2014 consistent with Penn World Table version 9. We find …
Persistent link: https://www.econbiz.de/10012154588
metrics based on equity market valuations of bank capital are better than regulatory capital ratios, and other metrics, in …
Persistent link: https://www.econbiz.de/10012103615
This paper examines the response of firms to capital destruction, using a new measure of firm exposure to tropical … storms as a negative exogenous shock on firms' capital stock. Drawing on a panel of Indian manufacturing firms between 1995 … firm (in terms of its productivity and industry performance). We quantify the response of firm sales within and across …
Persistent link: https://www.econbiz.de/10012391952
tightened following announcements related to easier bank capital regulation while equity valuation rose and financial conditions …
Persistent link: https://www.econbiz.de/10012518694
The paper explores the use of accounting standards for insurer solvency assessment in the context of the implementation of IFRS 17. The paper is based on the results of a survey of 20 insurance supervisors. Overall, IFRS 17 is a welcome development but there will be challenges of implementation....
Persistent link: https://www.econbiz.de/10012300617
employment protection, unemployment benefits and unemployment benefits have been the main contributors. Technology and … gained labor share driven by productivity aided by flexible work environments, while low- and mid-skilled workers lost labor …
Persistent link: https://www.econbiz.de/10012009975
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...
Persistent link: https://www.econbiz.de/10012010001
We study the economic effects of information technology (IT) adoption during the COVID-19 pandemic. Using data on IT … adoption covering almost three million establishments in the US, we find that technology adoption can partly shield the economy …
Persistent link: https://www.econbiz.de/10012391986
How can governments reduce the prevalence of cross-border tax fraud? This paper argues that the use of digital technologies offers an opportunity to reduce fraud and increase government revenue. Using data on intra-EU and world trade transactions, we present evidence that (i) cross-border trade...
Persistent link: https://www.econbiz.de/10012392581
Motivated by the world-wide surge of FinTech lending, we analyze the implications of lenders' information technology …-performing loans during the crisis. Our results suggest that technology adoption in lending can enhance financial stability through the …
Persistent link: https://www.econbiz.de/10012252731