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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...
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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 …
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several kinds. This paper analyzes the structural effects of investment subsidization as one of the core policy instruments by … means of an error-correction model of factor demand and output. It intends to find out whether investment subsidization …
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