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Bloom, Nicholas - 2014

outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …

Persistent link: https://www.econbiz.de/10013044342

Institutions, Human Capital and Development

Acemoglu, Daron; Gallego, Francisco A.; Robinson, James A. - 2016

In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable bias problems and because of differential measurement...

Persistent link: https://www.econbiz.de/10013006662

What is Social Capital? the Determinants of Trust and Trustworthiness

Glaeser, Edward L.; Laibson, David; Scheinkman, José; … - 2021

Using a sample of Harvard undergraduates, we analyze trust and social capital in two experiments. Trusting behavior and trustworthiness rise with social connection; differences in race and nationality reduce the level of trustworthiness. Certain individuals appear to be persistently more...

Persistent link: https://www.econbiz.de/10013212348

Culture, Institutions and Democratization

Gorodnichenko, Yuriy - 2015

We construct a model of revolution and transition to democracy under individualistic and collectivist cultures. The main result is that, despite facing potentially larger collective action problems, countries with an individualistic culture are more likely to end up adopting democracy earlier...

Persistent link: https://www.econbiz.de/10013023685

Curbing Shocks to Corporate Liquidity : The Role of Trade Credit

Amberg, Niklas - 2016

Using data on exogenous liquidity losses generated by the fraud and failure of a cash-in-transit firm, we demonstrate a causal impact on firms' trade credit usage. We find that firms manage liquidity shortfalls by increasing the amount of drawn credit from suppliers and decreasing the amount...

Persistent link: https://www.econbiz.de/10012990784

Monetary Policy with Flexible Exchange Rates and Forward Interest Rates as Indicators

Svensson, Lars E. O. - 2021

yield curve. Monetary policy in France, Germany, Great Britain, Sweden and the United States is interpreted with the help of …

Persistent link: https://www.econbiz.de/10013214576

The Effects of Fiscal Consolidations : Theory and Evidence

Alesina, Alberto F. - 2017

We investigate the macroeconomic effects of fiscal consolidations based upon government spending cuts, transfers cuts and tax hikes. We extend a narrative dataset of fiscal consolidations, with details on over 3500 measures for 16 OECD countries. We show that government spending cuts and cuts in...

Persistent link: https://www.econbiz.de/10012956924

Work Environment and Individual Background : Explaining Regional Shirking Differentials in a Large Italian Firm

Ichino, Andrea; Maggi, Giovanni - 2021

The prevalence of shirking within a large Italian bank appears to be characterized by significant regional differentials. In particular, absenteeism and misconduct episodes are substantially more prevalent in the south. We consider a number of potential explanations for this fact: different...

Persistent link: https://www.econbiz.de/10013234928

Technology, Factor Supplies and International Specialization : Estimating the Neoclassical Model

Harrigan, James - 2021

The standard neoclassical model of trade theory predicts that international specialization will be jointly determined … by cross-country differences in relative factor endowments and relative technology levels. This paper uses duality theory …-neutral technology differences are measured using an application of the theory of total factor productivity comparisons, and factor …

Persistent link: https://www.econbiz.de/10013246377

Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies

Blonigen, Bruce A.; Wang, Miao - 2021

This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...

Persistent link: https://www.econbiz.de/10013228764

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