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Do credit constraints amplify macroeconomic fluctuations?
Liu, Zheng; Wang, Pengfei; Zha, Tao - 2010
mechanism to explain the observed persistent comovements between housing prices and business investment. We develop such a …
Persistent link: https://www.econbiz.de/10010292216
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Land-price dynamics and macroeconomic fluctuations
Liu, Zheng; Wang, Pengfei; Zha, Tao - 2011
We argue that positive comovements between land prices and business investment are a driving force behind the broad … joint dynamics of land prices and business investment. …
Persistent link: https://www.econbiz.de/10010292308
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Growth trends and cycles in the American postwar period, with implications for policy
Giovannoni, Olivier - 2013
autoregressive (VAR) model of consumption, investment, and government spending on US data, 1955-2007. I find that: (1) economic … consumption shocks and government spending; (2) the estimated fluctuations are investment dominated, they coincide remarkably with …-run multipliers point to a large induced-investment phenomenon and to a smaller, but still significantly positive, government spending …
Persistent link: https://www.econbiz.de/10010318670
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Production efficiency of firms with mergers and acquisitions in India
Saraswathy, Beena - 2015
Most often, the competition authorities approve combinations based on the tradeoff between the expected efficiency gains and the likely effect on market power creation. However, the realities may be different from the expected synergy creation since merger regulations are ex ante in nature. The...
Persistent link: https://www.econbiz.de/10011807705
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Puzzles, paradoxes and regularities: Cyclical and structural productivity in the US (1950 - 2005)
Jeon, Yongbok; Vernengo, Matías - 2007
Changes in labor productivity have been a source of puzzlement and paradoxical results for economists. We suggest that puzzles and paradoxes vanish once two simple regularities are properly acknowledged. Okun and Verdoorn's Laws explain 87 percent of all the variations in labor productivity....
Persistent link: https://www.econbiz.de/10010288082
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Planning for Degrowth: How artificial intelligence and Big Data revitalize the debate on democratic economic planning
Schlichter, Leo - 2024
The Degrowth movement advocates a radical shift from our capitalist economic system to one based on human needs, planetary boundaries, and economic democracy. The literature, however, often neglects detailing the concrete coordination mechanisms of a Degrowth economy. This paper addresses this...
Persistent link: https://www.econbiz.de/10014528290
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Executive labor market frictions, corporate bankruptcy and CEO careers
Grindaker, Morten; Kostøl, Andreas Ravndal; Roszbach, … - 2021
CEOs of large firms filing for bankruptcy are more likely to exit the executive labor market after bankruptcy and experience substantial compensation losses (Eckbo et al., 2016). While the fear of reputational scarring can lead to lower risk-taking and manifest itself as lower rates of...
Persistent link: https://www.econbiz.de/10013373824
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The economic contribution of start-up firms in Germany
Schneck, Stefan; May-Strobl, Eva - 2014
This paper utilizes German tax data to present evidence about the direct and indirect effects of new firm formation. Cohort analysis is applied to investigate survival, sales, inputs, and value added of start-up firms. Most drop-outs occur in the early years. We show that start-up...
Persistent link: https://www.econbiz.de/10010369574
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Cluster competence for higher resilience: A neo-institutional perspective on how firms from the Lusatian Energy Cluster cope with an external shock
Tomenendal, Matthias; Lange, Hans Rüdiger; Raffer, … - 2020
In former studies cluster firms have hardly proven to be more resilient to shocks than non-cluster firms. Yet, there is a lack of research on how cluster firms can achieve resilience. Based on a qualitative study of firms in the Eastern German Lusatian energy cluster we found that after a shock...
Persistent link: https://www.econbiz.de/10012439829
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The heterogeneous earnings impact of job loss across workers, establishments, and markets
Athey, Susan; Simon, Lisa; Nordström Skans, Oskar; … - 2024
Using generalized random forests and rich Swedish administrative data, we show that the earnings effects of job displacement due to establishment closures are highly heterogeneous. We find as much heterogeneity within as across closing establishments, and within as across worker types defined by...
Persistent link: https://www.econbiz.de/10014540990