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effects of increased import competition are reinforced for foreign owned firms. In contrast, in Bulgaria and Romania …
Persistent link: https://www.econbiz.de/10010313417
welfare in a monopolistic competition model with heterogeneous firms and free entry. While centralised bargaining induces … can be overturned when firms face international low-wage competition. …
Persistent link: https://www.econbiz.de/10010263769
The Slovenian transition represents a slow but steady liberalization of constraints on competition. Using a unique … as surviving firms, prove to be the major source of TFP gains. Market competition from new entrants, foreign-owned firms …, and international trade also raise firm efficiency in the industry. Results strongly confirm that market competition …
Persistent link: https://www.econbiz.de/10010261614
We evaluate the impact of international competition on firm-level perfor- mance in Belgium. In the manufacturing sector … we consider both the impact of global competition through measures of import penetration and the impact of within … competition through a firm's proximity to the border. In both instances, we consider the impact on a variety of performance …
Persistent link: https://www.econbiz.de/10011506789
An extensive empirical literature has documented the positive growth effects of equity market liberalization. However, this line of research ignores the impact of financial integration on a category of firms crucial for economic development, i.e. the small entrepreneurial firms. This paper aims...
Persistent link: https://www.econbiz.de/10011604544
This paper uses representative firm level panel data of 1,701 Bulgarian and 2,047 Romanian manufacturing firms to estimate market power (i.e. price-cost margins) and to analyze how these are affected by privatization and increased competitive pressure. In contrast to earlier work that analyzes...
Persistent link: https://www.econbiz.de/10010313301
We investigate which countries have the highest potential to achieve entrepreneurial progress. This progress is defined using an entrepreneurial ladder with five successive steps: “never thought about starting a business”, “thinking about starting a business”, “taking steps to start a...
Persistent link: https://www.econbiz.de/10010325726
Persistent link: https://www.econbiz.de/10011695727
comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in …
Persistent link: https://www.econbiz.de/10010297660
We develop and estimate a stylized micro-founded model of the US economy. Next we compute the parameters of a simple interest rate policy rule that maximizes the unconditional mean of utility. We show that such a welfare-based rule lies close to the Taylor efficiency frontier. A counterfactual...
Persistent link: https://www.econbiz.de/10011604659