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Hoping to win, expected to lose : theory and lessons on micro enterprise development
Karlan, Dean; Knight, Ryan; Udry, Christopher - 2012
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10009615069
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Hoping to Win, Expected to Lose : Theory and Lessons on Micro Enterprise Development
Karlan, Dean S. - 2012
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10013101353
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The 2009 Recovery Act : Stimulus at the Extensive and Intensive Labor Margins
Dupor, Bill - 2014
This paper (i) estimates the local effects of government stimulus spending on labor market outcomes and (ii) shows how these effects can be obtained from a firm's optimal policy in the presence of costs to hiring workers. We analyze the American Recovery and Reinvestment Act of 2009 (Recovery...
Persistent link: https://www.econbiz.de/10013048922
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The 2009 Recovery Act : Stimulus at the Extensive and Intensive Labor Margins
Dupor, Bill; Mehkari, M. - 2021
This paper studies the effect of government stimulus spending on a novel aspect of the labor market: the differential impact of spending on the total wage bill versus employment. We analyze the 2009 Recovery Act via instrumental variables using a new instrument, the spending done by federal...
Persistent link: https://www.econbiz.de/10013214331
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Potenziale der Bioenergie : Chancen und Risiken für landwirtschaftliche Unternehmen
Schmitz, Peter Michael (contributor) - 2009
Persistent link: https://www.econbiz.de/10013457183
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Tail Risk in Production Networks
Dew-Becker, Ian - National Bureau of Economic Research - 2022
downstream closeness to final production. The paper then uses the results to analyze the determinants of total tail risk in the …This paper describes the response of the economy to large shocks in a nonlinear production network. While arbitrary … shock to the sector - a measure of the systemic risk of each sector. Tail centrality is theoretically and empirically very …
Persistent link: https://www.econbiz.de/10013388835
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Does climate policy uncertainty really affect corporate financialization?
Ren, Xiaohang; Li, Weichen; Duan, Kun; Zhang, Xinru - 2022
In recent years, disasters caused by climate change have brought marked losses to individual economic agents. To cope with fluctuating climate risks, climate policies have witnessed frequent adjustments worldwide, resulting in heightening uncertainty on climate policies that have become an...
Persistent link: https://www.econbiz.de/10013292076
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Does export openness increase firm-level output volatility?
Buch, Claudia M.; Döpke, Jörg; Strotmann, Harald - In: The world economy : the leading journal on … 32 (2009) 4, pp. 531-551
Persistent link: https://www.econbiz.de/10003837575
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Heavyweights - the impact of large businesses on productivity growth
Falck, Oliver (contributor) - 2007
Persistent link: https://www.econbiz.de/10003623797
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Does trade openness increase firm-level volatility?
Buch, Claudia M. (contributor); Döpke, Jörg (contributor);  … - 2006
From a theoretical point of view, greater trade openness affects firm-level volatility by changing the exposure and the reaction of firms to macroeconomic shocks. The net effect is ambiguous, though. This paper provides firm-level evidence on the link between openness and volatility. Using two...
Persistent link: https://www.econbiz.de/10003398412