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discontinuous growth can be based on a couple of assumptions: (a) in the short run, the firm’s equipment and organization provide … different locally optimal size. Secondly, when demand is growing, investment are expected to increase just when profits falls … between investment and profitability, controlling for the size of firms. …
Persistent link: https://www.econbiz.de/10009397173
discontinuously even if those inertial factors were removed. For instance, a very essential model of discontinuous growth can be based … framework. First of all, an upper bound constraints both investment and disinvestment. Secondly, the profitability is not a …. Therefore, firm’s level data would prove only weak statistical relationships among profitability, output and investment. Finally …
Persistent link: https://www.econbiz.de/10009397193
paper on consumer durables. The model suggests that the repurchase process is governed by preferential growth. Applying … consequence the size distribution of business units is a lognormal distribution, while the growth rates are also given by a …
Persistent link: https://www.econbiz.de/10009323245
growth in developing countries. Using micro-level data from agricultural surveys during the period of insurgency in Punjab … (India), I find significant negative effects of terrorism on the level of investment in long-term agricultural technology but … effects are small and insignificant for short-term investment. The presence of a major terrorist incident in a district in a …
Persistent link: https://www.econbiz.de/10009294678
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10005621372
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
Corporate Growth is a concept that has been widely treated in a specific way or as part of strategy theories, in … depth the main variables affecting corporate growth and the underlying business processes. This empirical research has … situation clear processes are key to clarify the situations, roles and responsibilities. We also assume that growth implies …
Persistent link: https://www.econbiz.de/10008490086
We study the optimal hiring and firing decisions of a firm under two different firing costs regulations: 1) Dual labor markets characterized by high firing costs for workers with seniority above a threshold ("permanent workers") and by low costs for "temporary workers". 2) The Single Labor...
Persistent link: https://www.econbiz.de/10009325683
How does market organization affect quality innovation efforts and social welfare? Three stochastic dynamic market structures considered are monopoly, duopoly, and social planning. Products can be either linearly or nonlinearly substitutable. The introduction of a step function allows richer...
Persistent link: https://www.econbiz.de/10005835961
factor, and external investment adjustment costs. First-order conditions of the model are estimated by the generalized method …
Persistent link: https://www.econbiz.de/10008835359