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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
Over much of the last two decades, the economy of Malawi has been characterized by economic turbulence and uncertainty that has done serious damage to the private sector. Rapid liberalization exposed an unprepared private sector to potentially damaging forces. This paper draws upon the most...
Persistent link: https://www.econbiz.de/10005621746
Ländern der Europäischen Union (Dänemark, Deutschland, Frankreich, Finnland, Irland, Italien, Niederlande, Spanien, Schweden … zählt (Platz 3 nach Irland und Grossbritannien). 5. Electronic Data Interchange (EDI) wird dagegen in nur 35 % (1999) bzw … die Wirtschaftszweige Industrie bzw. Handel/Logistik zeigen sich deutlich risikoaverser als die anderen Branchen. 18 …
Persistent link: https://www.econbiz.de/10005836306
The article examines the firm's choice of incentives when workers face additional incentives (“external incentives”) to those provided by the firm, such as building reputation that improves the workers' prospects with other employers, or satisfaction from working well. Surprisingly, the firm...
Persistent link: https://www.econbiz.de/10005837009
This paper investigates the impact of foreign firms on exports of domestic exporting firms. We show that domestic firms respond to an increase in the presence of foreign firms by increasing their exports, despite the increase in foreign presence can drive up the production cost and make domestic...
Persistent link: https://www.econbiz.de/10008527381
Under the assumption of perfect competition, it is difficult to avoid the conclusion that abandoned properties and long undeveloped neighborhoods remain that way because they are unprofitable. In contrast, this paper introduces a model in which firms systematically overlook neighborhoods with...
Persistent link: https://www.econbiz.de/10008693537
Using China Customs data that cover monthly transactions of all Chinese exporters, we investigate how Chinese exporters respond to U.S. antidumping investigations during the 2000-2006 period. Our difference-in-differences analysis uncovers a number of findings: (1) the substantial...
Persistent link: https://www.econbiz.de/10011107651
Agglomeration brings costs (e.g., intensified local competition) as well as benefits (e.g., knowledge spillover). It is important to examine the net impact of agglomeration to understand the geographic distribution of economic activities. In this study, we use firm markup (defined as the ratio...
Persistent link: https://www.econbiz.de/10011107927
Using Bolivian firm level data from the World Bank 2010 Enterprise Survey, we attempt to find evidence to support the idea that distinct formal firms (according to their size) have a distinct likelihood of facing obstacles. We propose that a potential endogeneity between firms' constraints and...
Persistent link: https://www.econbiz.de/10011110342
The M&A transactions represent a wide range of unique business optimization opportunities in the corporate transformation deals, which are usually characterized by the high level of total risk. The M&A transactions can be successfully implemented by taking to an account the size of investments,...
Persistent link: https://www.econbiz.de/10011259891