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Capital Prices and Eurozone Competitiveness Differentials

Askenazy, Philippe - 2013

Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour costs or labour-market institutions. This paper explores an additional source of differentials in competitiveness: land and building prices. European countries, especially France,...

Persistent link: https://www.econbiz.de/10013086230

Constrained Firms, Not Subsistence Activities : Evidence on Capital Returns and Accumulation in Peruvian Microenterprises

Göbel, Kristin - 2012

We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The dynamic analyses of capital accumulation in MEs...

Persistent link: https://www.econbiz.de/10013099706

The Impact of Household Capital Income on Income Inequality : A Factor Decomposition Analysis for Great Britain, Germany and the Usa

Fräßdorf, Anna; Grabka, Markus M.; Schwarze, Johannes - 2021

This paper analyses the contribution of capital income to income inequality in a cross-national comparison. Using micro-data from the Cross-National Equivalent File (CNEF) for three prominent panel studies, namely the BHPS for Great Britain, the SOEP for West Germany, and the PSID for the USA, a...

Persistent link: https://www.econbiz.de/10013325020

The Causal Effects of an Industrial Policy

Criscuolo, Chiara - 2012

participation. We match two decades of UK panel data on the population of firms to all program participants. IV estimates find … positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective …

Persistent link: https://www.econbiz.de/10013110849

The Productivity Impact of R&D Investment : A Comparison between the EU and the US

Castellani, Davide - 2016

Using data on the US and EU top R&D spenders from 2004 until 2012, this paper investigates the sources of the US/EU productivity gap. We find robust evidence that US firms have a higher capacity to translate R&D into productivity gains (especially in the high-tech industries), and this...

Persistent link: https://www.econbiz.de/10012990873

Public Support for Innovation, Intangible Investment and Productivity Growth in the UK Market Sector

Haskel, Jonathan - 2013

. First, there have been many recent calls for the (relatively new) UK R&D subsidy to be extended to other research activities … of market sector spillovers from intangible investment and from public R&D. We find (a) no evidence of spillover effects … from intangible investment at the market sector level, including from R&D, (b) strong evidence of market sector spillovers …

Persistent link: https://www.econbiz.de/10013095089

Expected Returns to Crime and Crime Location

Braakmann, Nils; Chevalier, Arnaud; Wilson, Tanya - 2022

crime. Our identification strategy relies on the widely-held perception in the UK that households of South Asian descent …

Persistent link: https://www.econbiz.de/10014077677

When the Market Drives You Crazy : Stock Market Returns and Fatal Car Accidents

Giulietti, Corrado - 2018

The stock market influences some of the most fundamental economic decisions of investors, such as consumption, saving, and labor supply, through the financial wealth channel. This paper provides evidence that daily fluctuations in the stock market have important - and hitherto neglected -...

Persistent link: https://www.econbiz.de/10012912252

What Do Unions Do to Pension Performance?

Even, William E. - 2010

This study argues that the promotion of union goals could have positive, negative, or neutral effects on risk adjusted return performance. Moreover, the union's ability and incentive to use pension assets to promote union goals will vary with the design of the pension. Using panel data on over...

Persistent link: https://www.econbiz.de/10013136725

Predictability of Asset Returns and the Efficient Market Hypothesis

Pesaran, M. Hashem - 2010

This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...

Persistent link: https://www.econbiz.de/10013141228