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Barro (1991), except that migration out of East Germany has not slowed down. I document that in particular the 18-29 year … unemployment and increasing reliance on social security persist across wide regions of East Germany together with these migration …) by allowing for migration and network externalities. In that theory, two equilibria can result: one with a high …
Persistent link: https://www.econbiz.de/10005089073
able to explain the downward trend in east to west migration using wage and unemployment information. Convergence in hourly …
Persistent link: https://www.econbiz.de/10005830012
Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their competitive position. Using data on firms in 27 emerging market economies, we estimate the effects of foreign competition, vertical linkages with foreign firms, and international...
Persistent link: https://www.econbiz.de/10005064825
Studies of public-private and foreign-domestic wage differentials face difficulties distinguishing ownership effects from correlated characteristics of workers and firms. This paper estimates these ownership differentials using linked employer-employee data (LEED) from Hungary containing 1.35mln...
Persistent link: https://www.econbiz.de/10005575716
Which is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, we find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available....
Persistent link: https://www.econbiz.de/10005580506
This paper studies dynamic labor demand by private and public manufacturing plants in China. It contributes along two dimensions. First, it uncovers the objectives of public enterprises and compares them to private enterprises. Second, it estimates adjustment costs of these plants and thus their...
Persistent link: https://www.econbiz.de/10008685013
High and rising prices in Chinese housing markets have attracted global attention, as well as the interest of the Chinese government and its regulators. Housing markets look very risky based on the stylized facts we document. Price-to-rent ratios in Beijing and seven other large markets across...
Persistent link: https://www.econbiz.de/10008631072
We estimate a model of vehicle choice and miles driven to analyze the impact of fuel conservation policies in the Indian car market. Taxing diesel fuel to equalize diesel and petrol prices would reduce fuel consumption in the new car market by 7% and reduce diesel cars sales by 26%. A tax on...
Persistent link: https://www.econbiz.de/10010950841
At political boundaries, local leaders often have weak incentives to reduce polluting activity because the social costs are borne by downstream neighbors. This paper exploits a natural experiment set in China in which the central government changed the local political promotion criteria and...
Persistent link: https://www.econbiz.de/10010951390
The U.S. public transit system represents a multi-billion dollar industry that provides essential transit services to millions of urban residents. We study the market for new transit buses that features a set of non-profit transit agencies purchasing buses primarily from a few domestic bus...
Persistent link: https://www.econbiz.de/10010751325