Narrow search
Showing 1 - 10 of 77
Cover Image
Misallocation of resources, firm characteristics, and structural factors: Evidence from Mexico
Orozco Vázquez, Miguel - 2023
This paper aims to measure the gross output loss due to misallocation of resources in Mexico during 2008-2018 and to study what determines this resource misallocation. To do so, I use an extension of Hsieh and Klenow (2009) and Mexican Economic Censuses. Alternatively, I estimate resource...
Persistent link: https://www.econbiz.de/10014541023
Cover Image
Hoping to Win, Expected to Lose: Theory and Lessons on Microenterprise Development
Karlan, Dean; Knight, Ryan; Udry, Christopher - 2012
We show how financial and managerial constraints impede experimentation and thus limit learning about the profitability of investments. Imperfect information about one’s own type, but willingness to experiment to learn one’s type, leads to short-run negative expected returns to investments,...
Persistent link: https://www.econbiz.de/10010610688
Cover Image
Agricultural Decisions after Relaxing Credit and Risk Constraints
Karlan, Dean; Osei, Robert; Osei-Akoto, Isaac; Udry, … - 2012
The investment decisions of small-scale farmers in developing countries are conditioned by the farmers’ financial environment. Binding credit-market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern...
Persistent link: https://www.econbiz.de/10010610695
Cover Image
Stunted Growth: Why Don't African Firms Create More Jobs?
Iacovone, Leonardo; Ramachandran, Vijaya; Schmidt, Martin - 2014
Many countries in Africa suffer high rates of underemployment or low rates of productive employment; many also anticipate large numbers of people to enter the workforce in the near future. This paper asks the question: Are African firms creating fewer jobs than those located in other parts of...
Persistent link: https://www.econbiz.de/10010737587
Cover Image
Technological progress, the "User Cost of Money," and the real output of banks
Basu, Susanto; Wang, J. Christina - 2013
Financial institutions provide their customers a variety of unpriced services and cover their costs through interest margins - the interest rates they receive on assets are generally higher than the rates they pay on liabilities. In particular, banks pay below-public-market interest rates on...
Persistent link: https://www.econbiz.de/10010478897
Cover Image
Productivity, welfare, and reallocation: Theory and firm-level evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2009
We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...
Persistent link: https://www.econbiz.de/10010280884
Cover Image
Cyclical and sectoral transitions in the US housing market
Cooper, Daniel; Bachmann, Rüdiger - 2012
substantially smaller than the gross flows, as is the case in the literature on labor market flows. Housing market turnover also …
Persistent link: https://www.econbiz.de/10010343336
Cover Image
The ins and arounds in the U.S. housing market
Bachmann, Rüdiger; Cooper, Daniel - 2014
. From a secular perspective, housing turnover exhibits a hump-shaped pattern between 1970 and 2000, which this paper … attributes to changes in the age composition of the U.S. population. At higher frequencies, housing turnover is procyclical and … carefully documenting the empirics of turnover within and between these segments, the paper provides important moments for and …
Persistent link: https://www.econbiz.de/10010478899
Cover Image
Foreign Competition and Small-Firm Entry in US Manufacturing
Feinberg, Robert M. - 2009
weighted exchange rate appreciation, seem to lead to reduced rates of smallest-firm entry in manufacturing, though the … actually benefit small firm entry through access to cheaper inputs where the final product import threat is weak). …
Persistent link: https://www.econbiz.de/10008494063
Cover Image
An Examination of Entry and Competitive Performance in Rural Banking Markets
Feinberg, Robert M.; Reynolds, Kara M. - 2008
the value of deposits in a cross-section of rural markets, we decompose the impact of the entry of new banks into …
Persistent link: https://www.econbiz.de/10005162558