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effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was … deregulation raises above the level present in more competitive markets, suggesting that the pre-existing conditions severely …
Persistent link: https://www.econbiz.de/10012466164
Product and labor market deregulation are fundamentally about reducing and redistributing rents, leading economic … players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with … market deregulation, we then use our results to study two specific issues. First, to shed light on macroeconomic evolutions …
Persistent link: https://www.econbiz.de/10012470609
's regulation and a major enforcement reform in Germany, we find that forcing a greater share of firms to publicly disclose their …
Persistent link: https://www.econbiz.de/10012480236
In a multiperiod investment framework, firms with high expected growth earn higher expected returns than firms with low expected growth, holding investment and expected profitability constant. This paper forms cross-sectional growth forecasts, and constructs an expected growth factor that yields...
Persistent link: https://www.econbiz.de/10012453011
readability of privacy policies for a large sample of German firms. Germany has a system of state-level data protection …
Persistent link: https://www.econbiz.de/10015072855
In 2015-2016 Germany experienced a wave of predominantly low-skilled refugee immigration. We evaluate its macroeconomic …
Persistent link: https://www.econbiz.de/10012481929
institutions. The euro has operated as a currency without a state, under the dominance of Germany. This has so far allowed the euro … to achieve a number of design objectives, and this may continue, as long as Germany does not shirk its growing … responsibility for the euro's future. Germany's resilience and dominant size within the EU may explain its "muddling …
Persistent link: https://www.econbiz.de/10012458424
States intensified, ameliorated, or had no effect on income distribution. We find that branch deregulation lowered income … inequality. Deregulation lowered income inequality by affecting labor market conditions, not by boosting the business income of …
Persistent link: https://www.econbiz.de/10010521579
"This paper investigates the impacts of cotton marketing reforms on farm productivity, a key element for poverty alleviation, in rural Zambia. The reforms comprised the elimination of the Zambian cotton marketing board that was in place since 1977. Following liberalization, the sector adopted an...
Persistent link: https://www.econbiz.de/10010522398
profits. Instead of such an equilibrium, a deregulation race is likely to emerge in which all but the last country repeal … their antitrust laws. The deregulation race results in a chain of Stackelberg leadership positions taken over by national …
Persistent link: https://www.econbiz.de/10012471517