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The present paper emphasizes the role of demand, income distribution, endogenous productivity reactions, and other …
Persistent link: https://www.econbiz.de/10012610173
complex relationships between distribution and group dynamics reveals that these relationships are reciprocal, implying that … distribution and group dynamics are endogenous. The nature of endogenously generated group dynamics determines the type of … preferences (altruistic or exclusionist), which in turn determines the type of allocative institutions and policies that prevail …
Persistent link: https://www.econbiz.de/10010457007
This paper aims to contribute to the extensive study of the World Bank Commission on Growth and Development by a case study of the Turkish automotive and the consumer electronics industries. Despite a macroeconomic environment that inhibits investment and growth, both industries have achieved...
Persistent link: https://www.econbiz.de/10010277268
We study political dynasties in the United States Congress since its inception in 1789. We document patterns in the evolution and profile of political dynasties, study the self-perpetuation of political elites, and analyze the connection between political dynasties and political competition. We...
Persistent link: https://www.econbiz.de/10010318863
Previous studies on financial frictions have been unable to establish the empirical significance of credit constraints in macroeconomic fluctuations. This paper argues that the muted impact of credit constraints stems from the absence of a mechanism to explain the observed persistent comovements...
Persistent link: https://www.econbiz.de/10010292216
This paper delves into the importance of access to .nancing for the performance of firms in export markets. Based on a unique microeconomic database that combines data on Argentine firms' characteristics and export performance with information on their domestic and external financing, we provide...
Persistent link: https://www.econbiz.de/10010325090
In this paper we use a large panel of individuals from Consumer Credit Panel dataset to study the timing of homeownership as a function of credit constraints and expectations of future house price. Our panel data allows us to track individuals over time and we model the transition probability of...
Persistent link: https://www.econbiz.de/10010352190
To estimate causal effects of college choice, we exploit eligibility rules for student loans in a regression discontinuity design. Loan programs induce students to pursue college degrees that are more expensive and prolonged relative to technical education. Although higher education is...
Persistent link: https://www.econbiz.de/10012013519
This study uses US survey data (NLSY) and Swedish register data to estimate the relationship between returns to schooling and ability for each country separately. A significant and positive relationship is found for Sweden but not for the US. The purpose is to propose an explanation for why such...
Persistent link: https://www.econbiz.de/10013208578
Based on survey data covering 6,547 firms in 10 Central and Eastern European countries we examine the impact of the banking sector environment, as well as the institutional and regulatory environment, on credit constrained firms. We find that small and foreign-owned firms are less likely to...
Persistent link: https://www.econbiz.de/10013370124