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Firm Heterogeneity and Firm Behavior with Conditional Policies

Demidova, Svetlana - 2007

This paper shows that the result of Ju and Krishna (2002, 2005), i.e., the non-monotonicity in the comparative statics across regimes, disappears, if exporters differ in their productivities, which provides very different predictions about the results of policy changes

Persistent link: https://www.econbiz.de/10012465706

Forms of Democracy, Policy and Economic Development

Persson, Torsten - 2005

of democracy (rather than democracy vs. non-democracy) has important consequences for the adoption of structural polices … opposed to majoritarian) and permanent (as opposed to temporary) democracy appear to produce the most growth …

Persistent link: https://www.econbiz.de/10012467514

Why is Economic Policy Different in New Democracies? Affecting Attitudes About Democracy

Brender, Adi - 2007

When democracy is new, it is often fragile and not fully consolidated. We investigate how the danger of a collapse of … democracy may affect fiscal policy in new democracies in comparison to countries where democracy is older and often more … established. We argue that the attitude of the citizenry towards democracy is important in preventing democratic collapse, and …

Persistent link: https://www.econbiz.de/10012465191

China's Macroeconomic Development : The Role of Gradualist Reforms

Chen, Kaiji; Zha, Tao - National Bureau of Economic Research - 2023

This paper reviews recent literature on China's macroeconomic development, emphasizing the critical role of the gradualist approach over the past four decades. Beyond China's structural transformation, we explore various aspects such as high saving rates, the housing boom, an expanding current...

Persistent link: https://www.econbiz.de/10014322782

Is There a Diversification Discount in Financial Conglomerates?

Laeven, Luc - 2005

influences their market valuations. We find that there is a diversification discount: The market …not sufficiently large to produce a diversification premium …

Persistent link: https://www.econbiz.de/10012467179

Diversification and the Taxation of Capital Gains and Losses

Rendleman, Richard J, Jr - 2003

Current U.S. law nets the total portfolio of realized capital gains and losses to compute capital gains taxes. Prior research, however, typically ignores the implication of this provision, i.e., the marginal tax rate for a specific gain or loss depends on the taxpayer's total portfolio of...

Persistent link: https://www.econbiz.de/10012469024

Diversification and the Optimal Construction of Basis Portfolios

Lehmann, Bruce N. - 2003

Nontrivial diversification possibilities arise when a factor model describes security returns. In this paper, we …

Persistent link: https://www.econbiz.de/10012469242

Geographic Diversification and Banks’ Funding Costs

Levine, Ross - 2016

diversification that decreases funding costs. Using a newly developed identification strategy, we discover that the geographic … large risk diversification opportunities that reduce funding costs …

Persistent link: https://www.econbiz.de/10012456135

Stages of Diversification : France, 1836-1938

Becuwe, Stéphane - 2015

A large literature has documented an association between economic growth and export diversification. We study this … advantage. The decline of export concentration is associated with a chronic deficit in the balance of trade during the Belle …

Persistent link: https://www.econbiz.de/10012456894

Business Groups in Canada : Their Rise and Fall, and Rise and Fall Again

Morck, Randall - 2015

Family-controlled pyramidal business groups were important in Canada early in the 20th century, amid rapid catch-up industrialization, but largely gave way to widely held free-standing firms by mid- century. In the 1970s and early 1980s - an era of high inflation, financial reversal,...

Persistent link: https://www.econbiz.de/10012456963