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Market Liquidity -- Theory and Empirical Evidence
Vayanos, Dimitri - 2012
In this paper we survey the theoretical and empirical literature on market liquidity. We organize both literatures around three basic questions: (a) how to measure illiquidity, (b) how illiquidity relates to underlying market imperfections and other asset characteristics, and (c) how illiquidity...
Persistent link: https://www.econbiz.de/10013103064
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Theory and Empirical Work on Imperfectly Competitive Markets
Pakes, Ariel - 2010
This paper reviews recent methodological developments in the empirical analysis of imperfectly competitive markets highlighting outstanding problems. Some of these problems are econometric; e.g. the need for a deeper understanding of the small sample properties of our estimators. Most of the...
Persistent link: https://www.econbiz.de/10012759183
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High-Cost Domestic Joint Ventures and International Competition : Do Domestic Firms Gain?
Raubitschek, Ruth R. - 2010
This paper develops the idea that when markets are imperfectly competitive, final producers may gain from a joint venture that produces part of their input requirements even though marginal cost exceeds the input's market price. Production by the joint venture lowers the market price of the...
Persistent link: https://www.econbiz.de/10012759472
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Multiproduct Multinationals and Reciprocal FDI Dumping
Ottaviano, Gianmarco I.P. - 2010
The global pattern of foreign direct investment (FDI) is quite similar to the world trade pattern. In particular, intraindustry FDI between rich nations is almost as pervasive as intraindustry trade among rich nations. In the standard' MNC model (of Markusen, Venables, Brainard, and others), FDI...
Persistent link: https://www.econbiz.de/10012763610
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Entrepreneurship and Financial Frictions : a Macro-Development Perspective
Buera, Francisco J. - 2015
We review both the theoretical and empirical literature on entrepreneurship and financial frictions, with an emphasis …
Persistent link: https://www.econbiz.de/10013024149
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Multinational Firms, FDI Flows and Imperfect Capital Markets
Antras, Pol - 2010
This paper examines how costly financial contracting and weak investor protection influence the cross-border operational, financing and investment decisions of firms. We develop a model in which product developers have a comparative advantage in monitoring the deployment of their technology...
Persistent link: https://www.econbiz.de/10012760432
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International Trade, Foreign Investment, and the Formation of the Entrepreneurial Class
Grossman, Gene M. - 2021
In this paper, I examine the argument that free trade may be harmful to less developed countries, because such international competition inhibits the formation of a local entrepreneurial class.I view the entrepreneur as the manager of the industrial enterprise, as well as the agent who bears the...
Persistent link: https://www.econbiz.de/10013239391
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Do Multinationals' R&D Activities Stimulate Indigenous Entrepreneurship? Evidence from China's "Silicon Valley"
Cai, Hongbin - 2014
(MNEs) affect local entrepreneurship and Ramp;D activities upon entry. We find that Ramp;D activities of MNEs in an industry …
Persistent link: https://www.econbiz.de/10012751729
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Political Reservations and Women's Entrepreneurship in India
Ghani, Syed Ejaz - 2014
We quantify the link between the timing of state-level implementations of political reservations for women in India … with the role of women in India's manufacturing sector. While overall employment of women in manufacturing does not … heightened entrepreneurship is due to channels like greater finance access or heightened inspiration for women entrepreneurs …
Persistent link: https://www.econbiz.de/10013059759
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Learning Versus Stealing : How Important are Market-Share Reallocations to India's Productivity Growth?
Harrison, Ann E. - 2011
, firm-level data from India's organized manufacturing sector to show that market-share reallocations did play an important … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate … attributed to India's trade liberalization and FDI reforms. Finally, we construct a panel dataset that allows us to track firms …
Persistent link: https://www.econbiz.de/10013130973