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Is Poland the Next Spain?
Caselli, Francesco - 2005
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...
Persistent link: https://www.econbiz.de/10012467642
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Collective Reputation in Trade : Evidence from the Chinese Dairy Industry
Bai, Jie - 2019
Collective reputation implies an important externality. Among firms trading internationally, quality shocks about one firm's products could affect the demand of other firms from the same origin country. We study this issue in the context of a large-scale scandal that affected the Chinese dairy...
Persistent link: https://www.econbiz.de/10012480227
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Property Rights and Finance
Johnson, Simon; Woodruff, Christopher; McMillan, John - 2002
Which is the tighter constraint on private sector investment: weak property rights or limited access to external …
Persistent link: https://www.econbiz.de/10012469863
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The Short-Run Effects of GDPR on Technology Venture Investment
Jia, Jian - 2018
-run impact on investment in new and emerging technology firms. Our findings indicate negative post-GDPR effects on EU ventures …
Persistent link: https://www.econbiz.de/10012480899
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Revisiting European Unemployment : Unemployment, Capital Accumulation, and Factor Prices
Blanchard, Olivier - 1998
This paper starts from two sets of facts about Continental Europe.The first is the steady increase in unemployment since the early 1970s. The second is the evolution of the capital share, an initial decline in the 1970s, followed by a much larger increase since the mid-1980s. The paper then...
Persistent link: https://www.econbiz.de/10012472243
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The Stock Market and Investment
Barro, Robert J. - 1989
investment, especially for long samples that begin in 1891 or 1921. Moreover, for the period since 1921 where data on a q … Canadian investment, except that the U.S. stock market turns out to have move predictive power than the Canadian market. I …
Persistent link: https://www.econbiz.de/10012476128
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Debt Overhang, Rollover Risk, and Corporate Investment : Evidence from the European Crisis
Kalemli-Ozcan, Sebnem - 2018
We quantify the role of financial factors that have contributed to sluggish investment in Europe in the aftermath of … investment in the aftermath of the crisis can be linked to higher leverage, increased debt service, and having a relationship … with a weak bank--once we condition on aggregate demand shocks. Second, the relation between leverage and investment …
Persistent link: https://www.econbiz.de/10012453161
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COVID-19 and SME Failures
Gourinchas, Pierre-Olivier - 2020
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180
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Using Bid Rotation and Incumbency to Detect Collusion : A Regression Discontinuity Approach
Kawai, Kei; Nakabayashi, Jun; Ortner, Juan M.; … - National Bureau of Economic Research - 2022
Cartels participating in procurement auctions frequently use bid rotation or prioritize incumbents to allocate contracts. However, establishing a link between observed allocation patterns and firm conduct has been difficult: there are cost-based competitive explanations for such patterns. We...
Persistent link: https://www.econbiz.de/10012814400
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Ohio School Milk Markets : An Analysis of Bidding
Porter, Robert H. - 1997
We examine the institutional details of the school milk procurement process, bidding data, statements of dairy executives, and supply characteristics in Ohio during the 1980's. We compare the bidding behavior of a group of firms to a control group. We find that the behavior of each of the firms...
Persistent link: https://www.econbiz.de/10012472780