Showing 1 - 10 of 408
This paper contributes to the literature by documenting labor income share fluctuations in emerging economies and proposing an explanation for them. We show that emerging markets differ from developed markets in terms of changes in the labor share over the business cycle. Labor share is more...
Persistent link: https://www.econbiz.de/10010500184
In the U.S. economy during the past 25 years, house prices exhibit fluctuations considerably larger than house rents, and these large fluctuations tend to move together with business cycles. We build a simple theoretical model to characterize these observations by showing the tight connection...
Persistent link: https://www.econbiz.de/10010397698
study reveals that the bank-specific factors are the most influential on banks’ profitability, and to a lesser extent the …
Persistent link: https://www.econbiz.de/10014236022
This paper examines the profit testing of life insurance companies that issue participating policies, type B and type A universal life policies, and variable annuities with guaranteed minimum maturity and death benefits, when investment returns are stochastic and modeled by normal or variance...
Persistent link: https://www.econbiz.de/10014356168
This paper summarizes and discusses new evidence on the nature, extent, evolution and consequences of financing constraints in Latin America; this evidence is drawn from a recent series of papers. The countries covered are Argentina, Colombia, Costa Rica, Ecuador, Mexico, and Uruguay. All the new...
Persistent link: https://www.econbiz.de/10010327164
A dynamic process underlying firms' discrete financial choices has previously been found, but without controlling for unobserved heterogeneity, this dependence can either be of a true nature or an effect of firm-specific characteristics that we cannot observe. This study extends previous...
Persistent link: https://www.econbiz.de/10010321743
This paper analyses the role of banks in financing SMEs in Britain and Germany. It applies a sociological institutionalist approach to understand how banks construct and manage risk, relating to SME business. The empirical analysis is based on the results of a comparative survey of a sample of...
Persistent link: https://www.econbiz.de/10013102832
Using a state-industry panel data set at the 3 digit national industrial classification (NIC) level of disaggregation for 19 major Indian states over the period 1983-84 to 2007-08, we analyze the contemporaneous and long run impacts of the rate of profit and its components - profit share,...
Persistent link: https://www.econbiz.de/10011788881
Using aggregate data from the Annual Survey of Industries, we analyze profitability in India's organized manufacturing … two medium run regimes, one of declining profitability (1982-83 to 2001-02), and another of growing profitability (2001 …-02 to 2012-13). We find six short run regimes, of which only two are periods of rising profitability, 1987-88 to 1996 …
Persistent link: https://www.econbiz.de/10011526700
Over the past four decades, India has witnessed a paradoxical trend: average per capita calorie intake has declined …
Persistent link: https://www.econbiz.de/10010457019