Showing 1 - 10 of 1,988
This paper estimates a dynamic general equilibrium model of entry, exit, and endogenous productivity growth. Productivity is endogenous both at the industry level (firms enter and exit) and at the firm level (firms invest in productivity-enhancing activities). The focus of the paper is on two...
Persistent link: https://www.econbiz.de/10012979269
This paper studies the effect of competition on firm innovation by developing a discrete-time endogenous growth model where multi-product firms do two types of innovation subject to friction in technology spillovers. Firms improve their existing products through internal innovation while...
Persistent link: https://www.econbiz.de/10013226722
This paper studies the macroeconomic implications of firm-branding activities. We show empirically that firms build market share by creating new brands, developing their existing brands, and buying established brands from other firms. Sales and prices of the underlying branded products tend to...
Persistent link: https://www.econbiz.de/10014235560
This paper examines whether Asian banks are still prone to moral hazard in the aftermath of the 1997 Asian crisis. Using a sample of commercial banks from 12 Asian countries during the 2001-2007 period,our empirical findings highlight that greater market power in the banking market results in...
Persistent link: https://www.econbiz.de/10013112105
Generalizing assessment of the existing economic situation (Adaptability index) has demonstrated in Q2 2016 the fact that the Russian economy persisted in high level of adaptability to the 2014–2016 crisis. By the end of two months of the quarter, the indicator hit the all-time maximum of 72%....
Persistent link: https://www.econbiz.de/10012986029
There has been a growing concern of developing industrial clusters in developed nations and emerging economies in the past two decades to strengthen economic growth and development. The concept of properly organised industrial clusters has not yet been heavily implemented in developing nations,...
Persistent link: https://www.econbiz.de/10012979647
We quantify the contribution of the largest firms to South Korea's economic performance over the period 1972-2011. Using firm-level historical data, we document a novel fact: firm concentration rose substantially during the growth miracle period. To understand whether rising concentration...
Persistent link: https://www.econbiz.de/10014635611
In this paper, we investigate the relationship between export performance and economic growth in Russian regions. We propose a methodology for decomposition of export growth into intensive and extensive margins and distinguish between product- and geographic extensive components within extensive...
Persistent link: https://www.econbiz.de/10011374069
underscored Russia's goal to catch up with the world average growth rates by 2019–2020. As a reminder, the IMF projects 3.7% for … the average annual growth rate of the global economy in the coming three years. Earlier in November, Russia's Ministry of … Economic Development (MED) updated its forecast for Russia's socio-economic development for 2017–2019[1] whereby a 0.6% decline …
Persistent link: https://www.econbiz.de/10012952697
The results of the estimates obtained using the Gaidar Institute method of decomposing Russia's GDP growth rates show … cyclical economic contraction in Russia. Therefore, the actual GDP appears to be below the potential value …
Persistent link: https://www.econbiz.de/10013012788