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The share of the U.S. population that receives business income has increased substantially in recent decades. At the same time, worker hire and separation rates declined, with worrying implications for productivity and wage growth. In this paper, we explore the relationship between business...
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Based on the economic literature, various policy measures and institutions in the product and labor markets that increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between Vertical Fiscal Imbalances (VFIs) and fiscal performance...
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in the impact of entry on economic growth: an initial direct positive effect, followed by a negative effect due to …
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This study uses a unique firm-level dataset to examine how falling trade costs from 1993-2001 affected entry, exit …-firm models of international trade. For example, falling trade costs reduced entry by new Korean firms, increased their … probability of exit, and reduced the market share of surviving firms. We also find that small firms had a particularly high level …
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