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This paper examines the effect of employment protection regulation on gross job flows in a sample of developed and developing countries. By implementing a differences-in-differences test we lessen the potentially severe endogeneity and omitted variable problems associated with cross-country...
Persistent link: https://www.econbiz.de/10013126358
In recent years, Latin American banking sectors have experienced an accelerated process of concentration and foreign penetration that has prompted diverse views regarding its implications for the competitive behavior of banks and for the financial stability of the system as a whole. Exploiting a...
Persistent link: https://www.econbiz.de/10013126363
Institutional and legal differences between countries increase entry costs and reduce the ability of banks to expand abroad. We use bilateral foreign banking data for 176 countries to estimate a gravity model in which bilateral cross-border banking activity is explained, in addition to standard...
Persistent link: https://www.econbiz.de/10013126417
We develop a model in which the elasticity of credit to exogenous shocks depends on creditor rights regulations. We show that an increase in creditor protection reduces the elasticity of credit supply to exogenous shocks, and hence the amplitude of the credit cycle. Using an extended set of a...
Persistent link: https://www.econbiz.de/10013126440
Recent literature has emphasized the importance of transport costs and infrastructure in explaining trade, access to markets, and increases in per capita income. For most Latin American countries, transport costs are a greater barrier to U. S. markets than import tariffs. We investigate the...
Persistent link: https://www.econbiz.de/10013126443
Persistent link: https://www.econbiz.de/10009007949
Persistent link: https://www.econbiz.de/10009382358
Recent literature has emphasized the importance of transport costs and infrastructure in explaining trade, access to markets, and increases in per capita income. For most Latin American countries, transport costs are a greater barrier to U.S. markets than import tariffs. We investigate the...
Persistent link: https://www.econbiz.de/10010205566
Persistent link: https://www.econbiz.de/10010206423
Persistent link: https://www.econbiz.de/10009743512