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Enterprise Finance and Investment in Listed Hungarian Firms

Perotti, Enrico C; Vesnaver, Luka - C.E.P.R. Discussion Papers - 2004

This Paper studies the financing of enterprise investment in listed Hungarian firms during the first years of transition. These firms were selected for listing on the exchange and presumably had better access to external capital. In particular, we look for evidence of financial constraints that...

Persistent link: https://www.econbiz.de/10005791387

The Creation and Capture of Rents: Wages and Innovation in a Panel of UK Companies

Van Reenen, John - C.E.P.R. Discussion Papers - 1994

This paper examines the impact of technological innovation on wages using a panel of UK manufacturing firms. We utilize …. Innovating firms are found to have higher average wages, but rival innovation tends to depress own wages. This appears consistent … with a model where wages are partly determined by a sharing in the rents generated by innovation. In other words innovation …

Persistent link: https://www.econbiz.de/10005791279

Which Immigrants Are Most Innovative and Entrepreneurial: Distinctions by Entry Visa

Hunt, Jennifer - C.E.P.R. Discussion Papers - 2010

Using the 2003 National Survey of College Graduates, I examine how immigrants perform relative to natives in activities likely to increase U.S. productivity, according to the type of visa on which they first entered the United States. Immigrants who first entered on a student/trainee visa or a...

Persistent link: https://www.econbiz.de/10008468510

Wages and Productivity Growth in a Dynamic Monopoly

Bester, Helmut; Petrakis, Emmanuel - C.E.P.R. Discussion Papers - 2001

time. Otherwise, it will gradually reduce its innovation effort over time and ultimately terminate production. Productivity …

Persistent link: https://www.econbiz.de/10005067455

Reorganization of Firms and Labour Market Inequality

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1996

This paper explores the implications of the ongoing reorganization of firms for inequality in the labour market. We show how recent technological advances in physical and human capital can lead to the breakdown of occupational barriers, creating demands for new combinations of skills, and...

Persistent link: https://www.econbiz.de/10005789077

Sub-Optimal Scale Firms and Compensating Factor Differentials in Dutch Manufacturing

Audretsch, David B; Thurik, A R Roy; Van Leeuwen, Geroge - C.E.P.R. Discussion Papers - 1995

The purpose of this paper is to shed some light on why so many smaller-scale firms which have traditionally been classified as sub-optimal scale firms can exist. We suggest that by pursuing a strategy of compensating factor differentials, that is by remunerating and deploying factors of...

Persistent link: https://www.econbiz.de/10005662285

Second-Best Institutions

Rodrik, Dani - C.E.P.R. Discussion Papers - 2008

The focus of policy reform in developing countries has moved from getting prices right to getting institutions right, and accordingly countries are increasingly being advised to move towards "best-practice" institutions. This paper argues that appropriate institutions for developing countries...

Persistent link: https://www.econbiz.de/10005791758

Why Are Some Public Officials More Corrupt Than Others?

Hunt, Jennifer - C.E.P.R. Discussion Papers - 2005

Using detailed Peruvian data measuring bribery, I assess which types of public official are most corrupt and why. I distinguish between the bribery rate and the size of bribes received, and seek to explain the variation in each across public institutions. The characteristics of officials'...

Persistent link: https://www.econbiz.de/10005136576

How Corruption Hits People When They Are Down

Hunt, Jennifer - C.E.P.R. Discussion Papers - 2006

Using cross-country and Peruvian data, I show that victims of misfortune, particularly crime victims, are much more likely than non-victims to bribe public officials. Misfortune increases victims' demand for public services, raising bribery indirectly, and also increases victims' propensity to...

Persistent link: https://www.econbiz.de/10005504493

Bribery: Who Pays, Who Refuses, What are the Payoffs?

Hunt, Jennifer; Laszlo, Sonia - C.E.P.R. Discussion Papers - 2005

We provide a theoretical framework for understanding when an official angles for a bribe, when a client pays, and the payoffs to the client's decision. We test this framework using a new data set on bribery of Peruvian public officials by households. The theory predicts that bribery is more...

Persistent link: https://www.econbiz.de/10005114227