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How does access to banking services affect small firms in highly developed countries? We exploit the unique legal situation of the U.S. marijuana industry that benefits from the superior institutional environment in terms of legal protection and the labor market but has no access to bank lending...
Persistent link: https://www.econbiz.de/10012935303
propositions and empirical tests consistent with these trends via a general-equilibrium model of endogenous growth where human … capital, population, income growth and distribution, and migration trends are endogenous. We derive new insights about the … impact of migration on long-term income growth and distribution, and the net benefits to natives in both destination and …
Persistent link: https://www.econbiz.de/10011428114
In 1910, 12 percent of American 14-17 year olds were enrolled in high school; by 1930, enrollment had increased to 50 percent; enrollment in Britain was 12 percent in 1950. This paper argues that by increasing the skill premium, the massive inflows of European unskilled immigrants at the turn of...
Persistent link: https://www.econbiz.de/10012782741
Public pension funds are, by far, the world's preeminent asset owners, with more than $ 25 trillions in combined assets. The largest pension funds are found in the United States, Canada, Australia, Japan, the Netherlands and the UK ("pension superpowers"). How they are managed, their funding...
Persistent link: https://www.econbiz.de/10014030997
sales growth, Tobin's q, the cash flow-capital ratio and the cost of capital as covariates is fitted by a rolling window … find that the investment effects of the variables capturing the demand-side of the capital market, i.e. sales growth and …
Persistent link: https://www.econbiz.de/10009746995
Persistent link: https://www.econbiz.de/10010364825
The current economic slowdown in the United States and the decline in remittance growth to some Latin American … estimation of these linkages is also shown to matter for gauging the sensitivity of remittances to economic conditions in the … home country, and hence the extent to which remittances might buffer domestic shocks as well as transmitting external ones. …
Persistent link: https://www.econbiz.de/10010281244
The current economic slowdown in the United States and the decline in remittance growth to some Latin American … estimation of these linkages is also shown to matter for gauging the sensitivity of remittances to economic conditions in the … home country, and hence the extent to which remittances might buffer domestic shocks as well as transmitting external ones …
Persistent link: https://www.econbiz.de/10003806256
dollars from U.S. migrant remittances appear to enable families to further educate their daughters. Thus, policymakers should …
Persistent link: https://www.econbiz.de/10009548641
behind through remittances. However, splitting up families in this way may also have multiple adverse effects on education …
Persistent link: https://www.econbiz.de/10011430776