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often inconsistent with profit maximization or imply implausibly large profits. The puzzle arises because popular estimators … the restrictions imposed by profit maximization (cost minimization) so that estimators are inconsistent or poorly … rather than production functions and demonstrates that the profit share in revenue is a robust non-parametric economic …
Persistent link: https://www.econbiz.de/10012773179
areas of India, and that farmers respond more strongly to the forecast where there is more forecast skill and not at all … estimated. Using the full rainfall distribution and our profit function estimates, we find that Indian farmers on average under … expected profits. Farmers who use skilled forecasts have increased average profit levels but also have more variable profits …
Persistent link: https://www.econbiz.de/10013077650
Using firm-level data this paper analyzes the transformation of India's economic structure following the implementation …
Persistent link: https://www.econbiz.de/10013239381
We analyze the spatial determinants of female entrepreneurship in India in the manufacturing and services sectors. We …
Persistent link: https://www.econbiz.de/10013067125
The ratio of revenue to inputs differs greatly across plants within countries such as the U.S. and India. Such gaps may …
Persistent link: https://www.econbiz.de/10013314323
China's economic reforms over the past 40 years have led to a mixed economic structure with the government playing a key role in an increasingly market-driven economy. This paper expands a standard growth model of Barro (1990) to incorporate this structure, with a particular focus on including...
Persistent link: https://www.econbiz.de/10012907444
During the 1840s, twelve American states adopted new constitutions. Eleven of the twelve states adopted new procedures for issuing government debt and for chartering corporations through general incorporation acts. These institutional innovations were American inventions, and today hard budget...
Persistent link: https://www.econbiz.de/10013218542
This study examines the influence of institutional environment on capital structure and debt maturity choices by examining a cross-section of firms in 39 developed and developing countries. We find that a country's legal and tax system, the level of corruption and the preferences of capital...
Persistent link: https://www.econbiz.de/10013224407
We study the logic of Peronist interventionist polices and the beliefs that support them. Instead of a comprehensive approach, we focus on three elements. First, we study beliefs and values about the economic system present in Peron's speeches during the period 1943-55. Second, we study survey...
Persistent link: https://www.econbiz.de/10013135050
A growing body of empirical work measuring different types of cultural traits has shown that culture matters for a variety of economic outcomes. This paper focuses on one specific aspect of the relevance of culture: its relationship to institutions. We review work with a theoretical, empirical,...
Persistent link: https://www.econbiz.de/10013071464