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Since 1979, yields on new issues of long-term municipal debt have risen sharply both absolutely and in relation to yields on long-term corporate and U.S. Treasury debt. In contrast, yields on short-term municipal debt have risen only moderately and offer a relative bargain. Consequently, there...
Persistent link: https://www.econbiz.de/10013048686
Using a sample of 330 banks in 29 African countries, this paper investigates the importance of globalization and institutional quality for bank competition. The results suggest that competition increased in the period of 2002-2005, before decreasing somewhat between 2006 and 2007 and increasing...
Persistent link: https://www.econbiz.de/10013058395
This paper studies conditions of entry and competitive conduct in highly concentrated banking markets. Using a data set of local U.S. markets characterized by banking monopolies, duopolies and oligopolies with more than two banks, I analyze the relationship between the number of banks in a...
Persistent link: https://www.econbiz.de/10012740069
Nasdaq market-makers can adopt new stocks or abandon old ones with almost no entry or exit costs. Under these circumstances, the theory of contestable markets predicts that market-making concentration in individual stocks should be unrelated to the profits dealers earn trading those stocks....
Persistent link: https://www.econbiz.de/10012743403
In developed economies, services form an increasing proportion of inputs employed by manufacturing firms. While … downstream firms act in a very competitive environment, services often operate in protected or highly regulated markets. In this … paper, I empirically investigate whether the degree of competition in services affects the efficiency of manufacturing firms …
Persistent link: https://www.econbiz.de/10011272531
suggest that exporting SMEs are a homogeneous group that do not reflect the classical dichotomy between products and services …
Persistent link: https://www.econbiz.de/10005150649
The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper Claessens and Laeven first estimate for 16 countries a...
Persistent link: https://www.econbiz.de/10014067598
business services are believed to be one of the main drivers of technical changes and economic progress. Looking at the labour … services. About 8 percent of total employment in West Germany is in business services. In particular, by taking advantage of …
Persistent link: https://www.econbiz.de/10014067846
Though 'services' is a very broad concept and any generalisations should be made with caution, it is widely … acknowledged that services differ from goods in many respects. Analyses of key elements of market structure, conduct and … performance and the interface between these elements show us that competition in services markets is equally distinctive. We find …
Persistent link: https://www.econbiz.de/10014071711
Apesar de alguns estudos apresentarem evidências de que a industria perde peso na economia brasileira (em termos de emprego e do valor adicionado), faltam evidências que permitam identificar seus efeitos sobre o desempenho econômico brasileiro. Os estudos sobre a qualidade dos empregos...
Persistent link: https://www.econbiz.de/10008516674