Showing 1 - 10 of 231
This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
Persistent link: https://www.econbiz.de/10012823367
grow faster than non-issuers in assets, sales, and employment, that is, firms do not simply use securities markets to …
Persistent link: https://www.econbiz.de/10012971470
How corruption affects economic performance has been studied for over a decade. Yet the lack of detailed firm-level data has limited research regarding who is carrying the real burden of corruption. This study shows that for firms in the Latin America and Caribbean region, bribery significantly...
Persistent link: https://www.econbiz.de/10012975276
assess the extent to which the adoption of digital technology affects employment and the skill content of jobs at the local … to a reduction in employment in local labor markets. The decrease in employment is larger for routine tasks, thereby …
Persistent link: https://www.econbiz.de/10012948150
sectors of the economy, consequently leading to a reduction in the number of employment opportunities in Africa. Using geodata … causal impact of electricity shortages on employment, and the mechanisms driving the impact. Results from the paper reveal … that electricity shortages exert a substantial negative impact on employment rates in Africa. The evidence also shows three …
Persistent link: https://www.econbiz.de/10012899516
The authors investigate whether integration with global markets affects the financing choices of firms from East Asia and Latin America. Using firm-level data for the 1980s and 1990s, they study how leverage ratios, the structure of debt maturity, and sources of financing change when economies...
Persistent link: https://www.econbiz.de/10012746902
The authors investigate what has motivated the large portfolio flows to several developing countries in recent years. Using monthly data on U.S. capital flows to nine Latin American and nine Asian countries (instead of monthly reserves data), they analyze the behavior of bond andequity flows to...
Persistent link: https://www.econbiz.de/10012746921
This paper uses a computable general equilibrium model to assess the welfare impact of commodity price inflation in Tanzania and possible tax policy responses in the short, medium, and long term. The results suggest that global commodity inflation since 2006 may have had a significantly negative...
Persistent link: https://www.econbiz.de/10012747137
Although both China and India are labor-abundant and dependant on manufactures, their export mixes are very different. Only one product-refined petroleum-appears in the top 25 products for both countries, and services exports are roughly twice as important for India as for China, which is much...
Persistent link: https://www.econbiz.de/10012747660
Using data from Mexico, the authors study empirically the link between trade policy and individual income risk and the extent to which this varies across workers of different human capital (education) levels. They use longitudinal income data on workers to estimate time-varying individual income...
Persistent link: https://www.econbiz.de/10012747694