Showing 12,341 - 12,350 of 12,713
We quantify the causal effect of foreign investment on total factor productivity (tfp) using a new global firm-level database. Our identification strategy relies on exploiting the difference in the amount of foreign investment by financial and industrial investors and simultaneously controlling...
Persistent link: https://www.econbiz.de/10011084518
driven by selection into marriage at younger ages, while there might be a protective effect of marriage at older ages. We … analyze how selection and protective effects of marriage show up in the data. …
Persistent link: https://www.econbiz.de/10011084560
independent sample selection or attrition.The estimator is applied to the estimation of the firm size elasticity of product and … process R&D expenditures using a panel of German manufacturing firms, which is affected by attrition and selection into R … independent and conditionally independent sample selection.The results are similar in all specifications. …
Persistent link: https://www.econbiz.de/10011090314
This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex ante moral hazard) and claim (ex post moral hazard) choices and Dutch longitudinal micro data. We use the theory to characterize the heterogeneous dynamic changes in incentives...
Persistent link: https://www.econbiz.de/10011090789
Persistent link: https://www.econbiz.de/10004245909
The aim of this paper is to investigate whether return migrants are more likely to become entrepreneurs than non-migrants. We develop a theoretical search model that puts forward the trade off faced by returnees since overseas migration provides an opportunity for human and physical capital...
Persistent link: https://www.econbiz.de/10008558595
due to selection versus actual productivity differences. Whereas previous empirical work has focused on schooling … selection due to both cognitive ability and schooling attainment does not explain more than a small fraction of the sizeable …
Persistent link: https://www.econbiz.de/10008559069
-product-destination data. By taking firm-product level selection into account we show that export unit values increase with distance even for … particular firm-product level selection and constant markups. The differences are important quantitatively; price differences in …
Persistent link: https://www.econbiz.de/10008562522
Ecuador experienced an unprecedented wave of international migration since the late 1990s, triggered by a severe economic and financial crisis. This paper gathers individual-level data from Ecuador and the two main destinations of Ecuadorian migrants: the US and Spain. First, we provide a...
Persistent link: https://www.econbiz.de/10008562526
The purpose of this paper is to assess the relevance of rational expectations solutions to the class of linear univariate models where both the number of leads in expectations and the number of lags in predetermined variables are arbitrary. It recommends to rule out all the solutions that would...
Persistent link: https://www.econbiz.de/10010898623