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We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10010286852
The paper examines the relationship between leverage and growth in a group of emerging central and eastern European countries, who are at different levels of financial market development. We hypothesize a non-linear relationship in that moderate leverage could boost growth while very high...
Persistent link: https://www.econbiz.de/10010269864
What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …
Persistent link: https://www.econbiz.de/10010268236
achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …
Persistent link: https://www.econbiz.de/10010276682
combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting …
Persistent link: https://www.econbiz.de/10010289981
study how cohort size has affected real earnings in Europe. When we pool the data of all countries, we find that cohort size …
Persistent link: https://www.econbiz.de/10010262046
of research in economics. Our findings indicate that Europe is catching up with the US but, in terms of influential …
Persistent link: https://www.econbiz.de/10010269503
We use the compulsory school reforms implemented in European countries after the II World War to investigate the causal effect of education on the Body Mass Index (BMI) and the incidence of overweight and obesity among European females. Our IV estimates suggest that years of schooling have a...
Persistent link: https://www.econbiz.de/10010271261
Europe deliver greater satisfaction with political institutions and lead to greater personal happiness. The analysis uses …
Persistent link: https://www.econbiz.de/10010278374
sides of the Atlantic - Europe and the United States. Based on the existing literature and on a statistical analysis of … religious landscape of Europe and of the United States and projections for the future; (ii) religiosity of immigrants (in Europe … religiosity and integration different in Europe and in the United States, due to historical differences in the state …
Persistent link: https://www.econbiz.de/10010282226