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We provide novel evidence on the effectiveness of mandated changes in Russian transparency and disclosure (henceforth T&D) rules in boosting shareholder welfare. We focus on the staggered implementation of these T&D reforms initiated in 2002 and implemented during 2003-07. Using difference in...
Persistent link: https://www.econbiz.de/10012993932
at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both …. These allow accounting for both the direct effects of sectoral regulation on within-sector performance and the indirect … effects of sectoral regulation on firms in other sectors through intersectoral input-output linkages. Our econometric …
Persistent link: https://www.econbiz.de/10013129907
We use UK micro data to explore whether planning regulation reduced UK retailing productivity growth between 1997 and … which increased the costs of opening large stores. This might have caused a slowdown in productivity growth if firms (a … productivity works out at about pound;80,000 per small chain supermarket store …
Persistent link: https://www.econbiz.de/10012754887
Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …
Persistent link: https://www.econbiz.de/10013248072
stock through firm-sponsored training might lead to more innovation. We test this hypothesis using detailed data on firms …' human capital investments and innovation performance, the Canadian longitudinal linked employer-employee data from 1999 …-2006. Our results, with workplace fixed-effects and allowing for time-varying productivity shocks, demonstrate that more …
Persistent link: https://www.econbiz.de/10013032282
's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements …
Persistent link: https://www.econbiz.de/10013039087
productivity growth than other firms, including other host country suppliers of multinationals. These findings provide first …
Persistent link: https://www.econbiz.de/10013087413
migration research has demonstrated positive economic impacts of cultural diversity on productivity and innovation at the … whether there are some productivity-enhancing externalities gained from this growing diversity within firms. In recent years … regional level. However, there is a dearth of research on the links between innovation and migrant diversity at the firm level …
Persistent link: https://www.econbiz.de/10013067318
This paper examines how productivity effects of human capital and innovation vary at different points of the … conditional productivity distribution. Our analysis draws upon two large unbalanced panels of 6,634 enterprises in Germany and 14 …-technology manufacturing, average innovation performance is higher in all industries in Germany and the innovation performance distributions …
Persistent link: https://www.econbiz.de/10013035179
Productivity as a measure of innovation and focus on the three largest European countries – France, Germany and the United Kingdom …The objective of this paper is to analyse the role of migrants in innovation in Europe. We use Total Factor … migration and innovation at the sectoral level. This allows us to measure the direct contribution of migrants in the sector in …
Persistent link: https://www.econbiz.de/10013013577