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Superstar economists : coauthorship networks and research output

Hsieh, Chih-sheng; König, Michael D.; Liu, Xiaodong; … - 2018

We study the impact of research collaborations in coauthorship networks on research output and how optimal funding can maximize it. Through the links in the collaboration network, researchers create spillovers not only to their direct coauthors but also to researchers indirectly linked to them....

Persistent link: https://www.econbiz.de/10011925969

Global sourcing and domestic production networks

Furusawa, Taiji; Inui, Tomohiko; Itō, Keiko; Tang, Heiwai - 2017

This paper studies how firms' offshoring decisions shape a country's domestic production networks. We develop a model in which heterogeneous firms source inputs from multiple industries located in different domestic regions and foreign countries. Input sourcing entails communication with...

Persistent link: https://www.econbiz.de/10011721740

Breaking invisible barriers : does fast internet improve access to input markets?

Demir, Banu; Javorcik, Beata K. Smarzynska; Panigrahi, … - 2024

This paper explores how improved internet infrastructure impacts supply chains and economic activity, focusing on Türkiye. Using the expansion of fiber-optic networks and firm-to-firm transaction data, we find that better connectivity shifts input sourcing to well-connected regions and...

Persistent link: https://www.econbiz.de/10015164646

Risk-sharing and contagion in networks

Cabrales, Antonio; Gottardi, Piero; Vega-Redondo, Fernando - 2014 - This version: January 15, 2014

We investigate the trade-off between the risk-sharing gains enjoyed by more interconnected firms and the costs resulting from an increased risk exposure. We find that when the shock distribution displays "fat" tails, extreme segmentation into small components is optimal, while minimal...

Persistent link: https://www.econbiz.de/10010260030

Network formation and heterogeneous risks

Cabrales, Antonio; Gottardi, Piero - 2024

We study a new model to study the effect of contract externalities that arise through shock transmission. We model a financial network where good firms enjoy direct and indirect benefits from linking with one another. Bad risks benefit from having a connection with a good firm, but they are a...

Persistent link: https://www.econbiz.de/10014534063

Investment in relationship-specific assets : does finance matter?

Strieborny, Martin; Kukenova, Madina - 2011

Existing literature sees opportunistic behaviour of contractual partners as the main reason why rational agents underinvest in relationship-specific assets. We look beyond this well-know holdup problem and argue that financial vulnerability and short-term planning horizon can also lead to such...

Persistent link: https://www.econbiz.de/10009010059

Macroeconomic factors and micro-level bank risk

Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2010

address the following questions. How are macroeconomic shocks transmitted to bank risk and other banking variables? What are … the sources of bank heterogeneity, and what explains differences in individual banks' responses to macroeconomic shocks …? Our paper has two main findings: (i) Average bank risk declines, and average bank lending increases following expansionary …

Persistent link: https://www.econbiz.de/10008697545

Financial development, financial fragility, and growth

Loayza, Norman; Rancière, Romain - 2002

This paper attempts to reconcile the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private...

Persistent link: https://www.econbiz.de/10011409380

Subjective expectations and financial intermediation

D'Acunto, Francesco; Gao, Janet; Liu, Lu; Lu, Kai; … - 2025

subjective expectations about inflation, GDP growth, and policy rates vary substantially within and across bank types and have a …

Persistent link: https://www.econbiz.de/10015359045

The empirical relevance of the new economic geography : testing for a spatial wage structure in Germany

Brakman, Steven; Garretsen, Harry; Schramm, Marc - 2000

-unification Germany. We find support for a spatial wage structure for German city-district wages, and hence indirectly for the relevance … of a new economic geography model for Germany. We also find that demand linkages in Germany are strongly localised and … that the old border still matters to the extent that economic interactions between western and eastern Germany are still …

Persistent link: https://www.econbiz.de/10009780204