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The aggregate consequences of default risk : evidence from firm-level data

Besley, Timothy; Roland, Isabelle; Van Reenen, John - 2019

Persistent link: https://www.econbiz.de/10012793064

The aggregate consequences of default risk : evidence from firm-level data

Besley, Timothy; Roland, Isabelle; Van Reenen, John - 2020

This paper studies the implications of perceived default risk for aggregate output and productivity. Using a model of … credit across firms with heterogeneous productivity. Further, we find that these losses accounted for over half of the … productivity fall between 2008 and 2009, and persisted for smaller (although not larger) firms. …

Persistent link: https://www.econbiz.de/10012241111

The aggregate consequences of default risk : evidence from firm-level data

Besley, Timothy; Roland, Isabelle; Van Reenen, John - 2020

Persistent link: https://www.econbiz.de/10012196328

Political uncertainty, leadership and productivity

Jiang, Chunxia; Zhu, Yun - In: Economic and political studies : EPS 10 (2022) 3, pp. 314-326

Persistent link: https://www.econbiz.de/10013357058

Risk-sharing and land misallocation

Pietrobon, Davide; Ruggieri, Alessandro - 2024

We study the impact of incomplete consumption risk-sharing on land misallocation in rural economies. We develop a general equilibrium model of land cultivation choices, where heterogeneous agricultural households face idiosyncratic output shocks and insure themselves by participating in a...

Persistent link: https://www.econbiz.de/10015064226