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Sources of Firm Life-Cycle Dynamics: Differentiating Size vs. Age Effects
Kueng, Lorenz; Yang, Mu-Jeung; Hong, Bryan - National Bureau of Economic Research (NBER) - 2014
What determines firm growth over the life-cycle? Exploiting unique firm panel data on internal organization, balance sheets and innovation, representative of the entire Canadian economy, we study recent theories that examine life-cycle patterns for firm growth. These theories include...
Persistent link: https://www.econbiz.de/10010951103
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Financial Frictions and the Persistence of History: A Quantitative Exploration
Buera, Francisco J.; Shin, Yongseok - National Bureau of Economic Research (NBER) - 2010
We quantify the role of financial frictions and the initial misallocation of resources in explaining development dynamics. Following a reform that triggers efficient reallocation of resources, our model economy with financial frictions converges slowly to the new steady state--it takes twice as...
Persistent link: https://www.econbiz.de/10008680925
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Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data
Meng, Xin; Banerjee, Abhijit; Porzio, Tommaso; Qian, Nancy - National Bureau of Economic Research (NBER) - 2014
This study uses micro data and an overlapping generations (OLG) model to show that general equilibrium (GE) forces are critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents perceive children as an important source of...
Persistent link: https://www.econbiz.de/10010796567
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Asiaphoria Meets Regression to the Mean
Pritchett, Lant; Summers, Lawrence H. - National Bureau of Economic Research (NBER) - 2014
Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there are substantial reasons that China and India may...
Persistent link: https://www.econbiz.de/10010950844
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The Impact of the Asian Miracle on the Theory of Economic Growth
Fogel, Robert W. - National Bureau of Economic Research (NBER) - 2009
This paper, divided into seven sections, considers the development of economic growth theory in light of the spectacular advances of the economies of China, India, and Southeast Asia. Section 1 reviews the debate over the sources of technological change and the measurement of total factor...
Persistent link: https://www.econbiz.de/10004999994
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Factor Utilization in Indian Manufacturing: A Look at the World Bank Investment Climate Surveys Data
Pakes, Ariel; Fernandes, Ana M. - National Bureau of Economic Research (NBER) - 2008
We use the World Bank Investment Climate Surveys data to analyze the employment of both labor and capital in Indian manufacturing. We focus on disparities among states in manufacturing employment patterns, and provide reduced form evidence of their relationship to both (i) institutional...
Persistent link: https://www.econbiz.de/10005720132
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Distance, Trade, and Income - The 1967 to 1975 Closing of the Suez Canal as a Natural Experiment
Feyrer, James - National Bureau of Economic Research (NBER) - 2009
The negative effect of distance on bilateral trade is one of the most robust findings in international trade. However, the underlying causes of this negative relationship are less well understood. This paper exploits a temporary shock to distance, the closing of the Suez canal in 1967 and its...
Persistent link: https://www.econbiz.de/10008615797
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The Contribution of Chinese FDI to Africa's Pre Crisis Growth Surge
Whalley, John; Weisbrod, Aaron - National Bureau of Economic Research (NBER) - 2011
In the 3 years before the 2008 Financial Crisis, GDP growth in sub Saharan Africa (averaged over individual economies) was around 6%, or 2 percentage points above mean growth rates for the preceding 10 years. This period also coincided with significant Chinese FDI flows into these countries,...
Persistent link: https://www.econbiz.de/10009353488
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The Contribution of Human Capital to China's Economic Growth
Whalley, John; Zhao, Xiliang - National Bureau of Economic Research (NBER) - 2010
after 1999, total factor productivity increases fall if human capital is used in growth accounting as we suggest. TFP, by … 2008. Negative TFP growth along with the high contribution of physical and human capital to economic growth seem to suggest …
Persistent link: https://www.econbiz.de/10008765621
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On the Measure of Distortions
Hopenhayn, Hugo A. - National Bureau of Economic Research (NBER) - 2014
aggregate productivity. TFP gaps are characterized as the integral of a strictly concave function with respect to an employment …, explaining the stronger effects on TFP found in the literature. In general, the effect of correlation between distortions and … for distortions to explain large TFP gaps. The effect of curvature on the impact and measurement of distortions is also …
Persistent link: https://www.econbiz.de/10010890103