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The Tragedy of Corruption
Chen, Yefeng - 2016
We investigate corruption as a social dilemma by means of a bribery game in which a risk of collective sanction of the public officials is introduced when the number of officials accepting a bribe from firms reaches a certain threshold. We show that, despite the social risk, the pursuit of...
Persistent link: https://www.econbiz.de/10012983900
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Migration, International Trade and Capital Formation : Cause or Effect?
Felbermayr, Gabriel J. - 2012
the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …
Persistent link: https://www.econbiz.de/10013098128
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Migration, Capital Formation, and House Prices
Grossmann, Volker - 2013
We investigate the effects of interregional labor market integration in a two-sector, overlapping-generations model with land-intensive production in the non-tradable goods sector (housing). To capture the response to migration on housing supply, capital formation is endogenous, assuming that...
Persistent link: https://www.econbiz.de/10013086219
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Unions and Firms' Investments : A Unified View
Berton, Fabio - 2019
In this paper, we present a simple model in which a unionized and non-unionized firm optimally make investment …
Persistent link: https://www.econbiz.de/10012864858
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A Decline in Labor's Share with Capital Accumulation and Complementary Factor Inputs : An Application of the Morishima Elasticity of Substitution
Paul, Saumik - 2019
The role of capital accumulation as a driver of the labor income share requires capital and labor to be substitutes, which appears paradoxical in a world predominantly characterized by complementarity between capital and labor. This paper argues that the composition of skills in the labor force...
Persistent link: https://www.econbiz.de/10012870261
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Untimely Destruction : Pestilence, War and Accumulation in the Long Run
Bell, Clive - 2019
This paper analyses the effects of disease and war on the accumulation of human and physical capital. We employ an overlapping-generations frame-work in which young adults, confronted with such hazards and motivated by old-age provision and altruism, make decisions about investments in schooling...
Persistent link: https://www.econbiz.de/10012861271
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Corporate Efficiency, Credit Status and Investment
Quader, Manzur - 2014
firm's investment is comparatively more sensitive to cash flow, but this sensitivity is negatively and significantly … related with corporate efficiency. These results point to the fact that high investment sensitivity to cash flow may not be … solely driven by measurement error in investment opportunity, but may still be interpreted as a consequence of imperfect …
Persistent link: https://www.econbiz.de/10013051438
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Partial Insurance and Investments in Children
Carneiro, Pedro Manuel - 2015
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the...
Persistent link: https://www.econbiz.de/10013023770
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Family Ceremonies as a Constraint on Informal Sector Investment : The Case of Sénégal
Bennett, John - 2018
We analyze how intermittent large expenditures on family ceremonies may affect an entrepreneur's investment decision in … to invest and the amount of investment. These results are robust to changes in specifications of the determinants of … investment, controlling for both enterprise- and family-related variables …
Persistent link: https://www.econbiz.de/10012918230
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Does Easy Start-Up Formation Hamper Incumbents' R&D Investment? A Theoretical and Empirical Analysis
Colombo, Luca - 2015
Community Innovation Survey covering the period 1998-2000. The results of our empirical analysis support our theory …
Persistent link: https://www.econbiz.de/10013035752