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We estimate the elasticity of exports to credit using matched customs and firm-level bank credit data from Peru. To …
Persistent link: https://www.econbiz.de/10013126205
ventures have better export performance than private domestic firms in financially more vulnerable sectors. These results are …
Persistent link: https://www.econbiz.de/10013127980
elasticity of trade with respect to trade frictions. We develop a new simulated method of moments estimator to estimate this … elasticity from disaggregate price and trade-flow data and we use it within Eaton and Kortum's (2002) Ricardian model. We apply … elasticity of roughly four, nearly fifty percent lower than Eaton and Kortum's (2002) approach. This difference doubles the …
Persistent link: https://www.econbiz.de/10013129231
Macroeconomic calibrations imply much larger labor supply elasticities than microeconometric studies. One prominent explanation for this divergence is that indivisible labor generates extensive margin responses that are not captured in micro studies of hours choices. We evaluate whether existing...
Persistent link: https://www.econbiz.de/10013115279
rate formula as a function of the three corresponding behavioral elasticities. The first elasticity (labor supply) is the … elasticity (avoidance) through tax enforcement and tax neutrality across income forms. The optimal top tax rate increases with … the third elasticity (bargaining) as bargaining efforts are zero-sum in aggregate. We provide evidence using cross …
Persistent link: https://www.econbiz.de/10013118130
impact, and its persistence, depend on the ratio of two parameters: the long-run interest rate elasticity of money demand and … the intertemporal substitution elasticity. At the same time, the model has completely classical long-run predictions …
Persistent link: https://www.econbiz.de/10013118840
labor supply elasticities were small, recent work has identified three key reasons that the aggregate elasticity may be …
Persistent link: https://www.econbiz.de/10013120287
choice increased demand elasticity faced by hospitals with regard to clinical quality and waiting time for an important … welfare. The elasticity of demand faced by hospitals increased post-reform, giving hospitals potentially large incentives to … increased demand elasticity. The results suggests greater choice can enhance quality …
Persistent link: https://www.econbiz.de/10013097271
The elasticity of substitution between home and foreign goods is one of the most important parameters in international …
Persistent link: https://www.econbiz.de/10013087445
In a sample of over 27 million establishments of U.S. firms with activities in more than one state, we estimate the impact of state business taxation on business activity. Only firms organized as subchapter C corporations are subject to the corporate tax code, whereas the income of partnerships,...
Persistent link: https://www.econbiz.de/10013015977