Showing 1 - 10 of 7,973
Ensuring that a firm has sufficient liquidity to finance valuable projects that occur in the future is at the heart of the practice of financial management. Yet, while discussion of these issues goes back at least to Keynes (1936), a substantial literature on the ways in which firms manage...
Persistent link: https://www.econbiz.de/10013074911
This paper analyzes the spatial distribution of refugees over 1987-2017 and establishes several stylized facts about … refugees today compared with past decades. Refugees still predominantly reside in developing countries neighboring their … country of origin. However, compared to past decades, refugees today (i) travel longer distances, (ii) are less likely to seek …
Persistent link: https://www.econbiz.de/10014241505
This paper investigates how the size of co-ethnic networks at the time of arrival affect the economic success of immigrants in Germany. Applying panel analysis with a large set of fixed effects and controls, we isolate the association between initial network size and long-run immigrant outcomes....
Persistent link: https://www.econbiz.de/10012987137
In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation, while regulation in turn discourages social capital...
Persistent link: https://www.econbiz.de/10012757998
In the last decade, economists have produced a considerable body of research suggesting that the historical origin of a country's laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. We summarize this evidence and attempt a unified...
Persistent link: https://www.econbiz.de/10012759683
Does democracy promote economic development? We review recent attempts to address this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends %u2013 in a subtle way %u2013 on the details of...
Persistent link: https://www.econbiz.de/10013234089
We use a micro dataset that collects information across individuals, countries, and time to investigate the determinants of entrepreneurial activity in thirty-seven developed and developing nations. We focus both on individual characteristics and on countries' regulatory differences. We show...
Persistent link: https://www.econbiz.de/10012751478
Different economies at different times use different institutional arrangements to constrain the people entrusted with allocating the economy's capital and other resources. Comparative financial histories show these corporate governance regimes to be largely stable through time, but capable of...
Persistent link: https://www.econbiz.de/10013095868
The intellectual response to the Great Depression is often portrayed as a battle between the ideas of Friedrich Hayek and John Maynard Keynes. Yet both the Austrian and the Keynesian interpretations of the Depression were incomplete. Austrians could explain how a country might get into a...
Persistent link: https://www.econbiz.de/10013118250
We identify three separate stages in the post-World War II history of applied microeconomic research: A generally non … abandonment of economic theory in applied work in the “experimentalist paradigm.” We document the changes implied by the changing …-55, 1974-75 and 2007-08. We also show that, despite the partial abandonment of theory by applied microeconomists, the labor …
Persistent link: https://www.econbiz.de/10012992138