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ALBOUY, V.; LEQUIEN, L. - Département des Études Économiques d'Ensemble (D3E), … - 2007

Recent studies have tried to provide rigorous tests of causal effects of education levels on health status. Some of … these studies show a significant causal impact of school-leaving age on mortality at later ages: their empirical strategy … significantly increased school leaving ages, and despite the fact that subsequent declines in mortality have been observed, none of …

Persistent link: https://www.econbiz.de/10008539987

Credit Constraints and the Cyclicality of R&D Investment: Evidence from France.

Aghion, P.; Askenazy, P.; Berman, N.; Cette, G.; Eymard, L. - Banque de France - 2008

We use a French firm-level panel data set over the period 1993-2004 to analyze the relationship between credit constraints and firms' R&D behavior over the business cycle. Our main results can be summarized as follows: (i) the share of R&D investment over total investment is countercyclical...

Persistent link: https://www.econbiz.de/10008528504

Les marchés financiers anticipent-ils les retournements conjoncturels?

Bellone, B.; Gautier, E.; Le Coent, S. - Banque de France - 2005

This article aims at estimating leading indicators of the American economy with financial variables. We use two types of hidden Markov chains models, a quantitative one (Krolzig (1997)) and a qualitative one (Gregoir and Lenglart (2000)). These models provide a robust and reliable framework to...

Persistent link: https://www.econbiz.de/10005056509