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Persistent link: https://www.econbiz.de/10011752665
panel dataset for public and private companies based on the administrative micro-dataset ORBIS, provided commercially by …
Persistent link: https://www.econbiz.de/10011335014
This paper proposes a Bayesian estimation framework for panel-data sets with binary dependent variables where a large …
Persistent link: https://www.econbiz.de/10012817934
This paper describes the coverage and representativeness of Orbis, a commercial database of firm-level records across many countries. Such databases can provide key insights into global economic trends and shed light on how policies affect firms within and across countries. As a benchmark, the...
Persistent link: https://www.econbiz.de/10012227539
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Analyses of zombie firms have emphasised the role of bank financing as the reason for zombie survival. This conclusion was made despite no comparative analysis of the sources of external finance for zombie firms. This paper provides the first analysis of that sort using Finnish data....
Persistent link: https://www.econbiz.de/10013535893
In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...
Persistent link: https://www.econbiz.de/10003931235
We analyze a generalized neoclassical growth model that combines a normalized CES production function and possible asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the impact of factor substitution and income distribution...
Persistent link: https://www.econbiz.de/10003592897
When analyzing potential ways to counter climate change, standard models of green growth abstract from investment in … fuels can be increased perpetually. However, this is not in line with observed firm investment behavior and the limits to … investment to increase input substitutability, in addition to investment in efficiency. The model predicts that, for a growing …
Persistent link: https://www.econbiz.de/10012257316
We show that credit supply shocks have a strong impact on firm-level as well as aggregate investment by applying the … are found to impair firm-level investment in all firms in our sample, but in particular for small firms and those with no … 20-40% of aggregate investment dynamics. …
Persistent link: https://www.econbiz.de/10011605959