Showing 1 - 10 of 4,056
Persistent link: https://www.econbiz.de/10001249383
Persistent link: https://www.econbiz.de/10000908769
An ECM is derived from first order conditions of a factor demand model. Decisions on inventory stock and capacity utilization are (endogenously) modeled, by which a large system of equations results. Within this system the exogeneity of real factor prices as well as sales is tested. The role of...
Persistent link: https://www.econbiz.de/10013119731
Persistent link: https://www.econbiz.de/10002444542
I show that a firm's capital intensity affects the asset pricing implications of investment-specific technology shocks … sub-samples. This finding is a puzzle since similar exposures to this measure of investment shock generate a very … investment-specific technology shocks by a novel dimension; firm's capital intensity. The model can rationalize these empirical …
Persistent link: https://www.econbiz.de/10014119859
According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the medium run. The actual empirical explanatory power of measures for labour market institutions, however, has been called into question recently (Baker et al 2005, Baccaro and Rei...
Persistent link: https://www.econbiz.de/10014206776
France are substantially greater than one. …
Persistent link: https://www.econbiz.de/10010495336
Persistent link: https://www.econbiz.de/10002482059
Persistent link: https://www.econbiz.de/10001712639
Persistent link: https://www.econbiz.de/10001420860