Showing 1 - 10 of 1,881
This paper presents a two-period human capital investment model of married and single immigrants under binding … shown that the comparative advantage in investment that determines which spouse will invest more in local skills depends on … partial specialization in work and investment activities within immigrant households. However, the level invested by each …
Persistent link: https://www.econbiz.de/10013317437
We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The dynamic analyses of capital accumulation in MEs...
Persistent link: https://www.econbiz.de/10013099706
This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital … stronger in firms with lower levels of internal resources. We find that, on average, EPL reduces investment per worker, capital …
Persistent link: https://www.econbiz.de/10013159932
investment in knowledge, and its productivity, looking at sectoral peculiarities which may emerge; to this end, we use a large …
Persistent link: https://www.econbiz.de/10013120145
Paper addresses the recent initiatives of EU Lisbon Agenda to increase level of R&D expenses in EU Member States by studying firm-level panel data in most advanced transition economy, Slovenia. Previous empirical literature - mainly cross-sectional - has tested the demand-pull hypothesis and...
Persistent link: https://www.econbiz.de/10013317067
of market sector spillovers from intangible investment and from public R&D. We find (a) no evidence of spillover effects … from intangible investment at the market sector level, including from R&D, (b) strong evidence of market sector spillovers …
Persistent link: https://www.econbiz.de/10013095089
Small business lending programs designed to move disadvantaged low-income people into business ownership have been difficult to implement successfully in the U.S. context. Based in part on the premise that financing requirements are an entry barrier limiting the ability of aspiring entrepreneurs...
Persistent link: https://www.econbiz.de/10013137555
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...
Persistent link: https://www.econbiz.de/10013139035
We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...
Persistent link: https://www.econbiz.de/10013119295
We use a unique data of representative migrants and urban local workers in 15 Chinese cities to investigate entrepreneurship and credit constraints under labour market discrimination. We divide self employed into prefer to be self-employed and prefer to have a salaried job but cannot find one;...
Persistent link: https://www.econbiz.de/10013120403