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The Finnish Great Depression : From Russia with Love
Gorodnichenko, Yuriy - 2015
During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the … of Soviet-Finnish trade can explain key features of Finland's Great Depression. We also show that Finland's Great … similar trade collapse. However, as a western democracy with developed capital markets and institutions, Finland faced none of …
Persistent link: https://www.econbiz.de/10012749804
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The "Austerity Myth" : Gain Without Pain?
Perotti, Roberto - 2011
Eurozone countries today) and two - Finland and Sweden - after floating the currency.All four episodes were associated with an … occurred because the sterling coincidentally appreciated. In Finland and Sweden the currency experienced an extremely large …
Persistent link: https://www.econbiz.de/10013118837
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The Impact of Tax Incentives on the Economic Activity of Entrepreneurs
Harju, Jarkko - 2012
Based on existing evidence, we know little about how the taxation of small business owners affects their economic activity. This paper studies the effect of two Finnish tax reforms, in 1997 and 1998, on the effort decisions of the owners of small businesses utilizing both theoretical model and...
Persistent link: https://www.econbiz.de/10013099817
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Tax-Loss Trading and Wash Sales
Grinblatt, Mark - 2002
An analysis of trades in the Finnish stock market around the turn of the year shows that Finnish investors tend to realize losses more than gains towards the end of December. They also buy back the same stocks they recently sold, with a repurchase rate that depends on the size of the capital...
Persistent link: https://www.econbiz.de/10012787363
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Modeling Great Depressions : The Depression in Finland in the 1990s
Conesa, Juan Carlos - 2010
occurred in Finland in the early 1990s. We find that the sharp drop in real GDP over the period 1990-93 was driven by a … increases in government consumption during 1989-94, which drove down hours worked in Finland. We attempt to endogenize the drop …
Persistent link: https://www.econbiz.de/10012759701
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The Effect of Weight on Labor Market Outcomes : An Application of Genetic Instrumental Variables
Bockerman, Petri - 2016
The increase in the prevalence of obesity worldwide has led to great interest in the economic consequences of obesity, but valid and powerful instruments for obesity, which are needed to estimate its causal effects, are rare. This paper contributes to the literature by using a novel instrument:...
Persistent link: https://www.econbiz.de/10012993237
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Why is Infant Mortality Higher in the Us than in Europe?
Chen, Alice - 2014
The US has higher infant mortality than peer countries. In this paper, we combine micro-data from the US with similar data from four European countries to investigate this US infant mortality disadvantage. The US disadvantage persists after adjusting for potential differential reporting of...
Persistent link: https://www.econbiz.de/10013046602
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Covid-19 and SME Failures
Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021
We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...
Persistent link: https://www.econbiz.de/10013244116
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Management Practices, Workforce Selection and Productivity
Bender, Stefan - 2016
Recent research suggests that much of the cross-firm variation in measured productivity is due to differences in use of advanced management practices. Many of these practices – including monitoring, goal setting, and the use of incentives – are mediated through employee decision-making and...
Persistent link: https://www.econbiz.de/10012996465
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Foreign Investment and Domestic Productivity : Identifying Knowledge Spillovers and Competition Effects
Fons-Rosen, Christian - 2017
We study the impact of FDI on the productivity of host-country firms. FDI has positive spillovers only when foreign and domestic firms use similar technologies. Channeling FDI to sectors where firms share similar technology would significantly increase productivity spillovers from FDI. We show...
Persistent link: https://www.econbiz.de/10012950067