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Subsidizing Firm Entry in Open Economies

Pflüger, Michael - 2009

Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different countries. These costs are heavily influenced by economic policy. What is not well understood is how international trade affects the government incentive to impact on entry costs,...

Persistent link: https://www.econbiz.de/10013155605

Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Pesaran, M. Hashem - 2011

as a rise in the loan to deposit ratio, increases output, consumption, hours and productivity, and reduces the spread …

Persistent link: https://www.econbiz.de/10013119292

Are Apprenticeships Business Cycle Proof?

Lüthi, Samuel - 2018

Although there is evidence that apprenticeship training can ease the transition of youth into the labour market and thereby reduce youth unemployment, many policy makers fear that firms will cut their apprenticeship expenditures during economic crises, thus exacerbating the problem of youth...

Persistent link: https://www.econbiz.de/10012925498

Real Wages over the Business Cycle : OECD Evidence from the Time and Frequency Domains

Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - 2021

We study differences in the adjustment of aggregate real wages in the manufacturing sector over the business cycle across OECD countries, combining results from different data and dynamic methods. Summary measures of cyclicality show genuine cross-country heterogeneity even after controlling for...

Persistent link: https://www.econbiz.de/10013324732

The German Manufacturing Sector is a Granular Economy

Wagner, Joachim - 2011

Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...

Persistent link: https://www.econbiz.de/10013118054

The Spanish Productivity Puzzle in the Great Recession

Hospido, Laura - 2015

While Spain had traditionally under-performed its European counterparts in terms of labor productivity, the trend is … reversed after 2007. The evolution of aggregate productivity in Spain during the Great Recession largely responds to the … companies between 1995 and 2012, we show that the recent increase in Spanish aggregate productivity also responds to the …

Persistent link: https://www.econbiz.de/10013026414

Labor Market Developments in China : A Neoclassical View

Ge, Suqin - 2010

This paper assesses the applicability of two alternative theories in understanding labor market developments in China: the classical view featuring a Lewis turning point in wage growth versus a neoclassical framework emphasizing rational choices of individuals and equilibrating forces of the...

Persistent link: https://www.econbiz.de/10013134983

Stages of Diversification in a Neoclassical World

Batista, Catia - 2013

Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher-Ohlin model using industry data on 44 developed and developing...

Persistent link: https://www.econbiz.de/10013072168

Regional Convergence in Russia : Estimating a Neoclassical Growth Model

Lehmann, Hartmut - 2020

In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...

Persistent link: https://www.econbiz.de/10012839051

The Rapid Evolution of Homo Economicus : Brief Exposure to Neoclassical Assumptions Increases Self-Interested Behavior

Ifcher, John - 2016

Economics students have been shown to exhibit more selfishness than other students. Because the literature identifies the impact of long-term exposure to economics instruction (e.g., taking a course), it cannot isolate the specific course content responsible; nor can selection, peer effects, or...

Persistent link: https://www.econbiz.de/10012983904

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