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Business cycle effects of credit and technology shocks in a DSGE model with firm defaults

Pesaran, Hashem; Xu, TengTeng - 2011

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...

Persistent link: https://www.econbiz.de/10010282516

Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Pesaran, Hashem; Xu, TengTeng - Institute for the Study of Labor (IZA) - 2011

Persistent link: https://www.econbiz.de/10009325438

Information and Communication Technology, Hierarchy, and Job Design

Gerten, Elisa; Beckmann, Michael; Kräkel, Matthias - 2022

decentralization in firms. Previous literature on this debate has focused on a strict dichotomy between the two possible directions. In …

Persistent link: https://www.econbiz.de/10013426340

Decentralizing Development: Evidence from Government Splits

Dahis, Ricardo; Szerman, Christiane - 2024

Changes in political boundaries aimed at devolving power to local governments are common in many countries. We examine the economic consequences of redistricting through the creation of smaller government units. Exploiting reforms that led to sharp variations in the number of government units in...

Persistent link: https://www.econbiz.de/10014533990

The Importance of Being Local? Administrative Decentralization and Human Development

Chaudhary, Latika; Iyer, Lakshmi - 2024

governments in India, using state-level variation in the timing of administrative decentralization reforms. We find that …

Persistent link: https://www.econbiz.de/10015045413

Delegation of Authority as an Optimal (In)complete Contract

Roider, Andreas - 2004

The present paper aims to contribute to the literature on the foundations of incomplete contracts by providing conditions under which simple delegation of authority is the solution to the complete-contracting problem of the parties. We consider a hold-up framework where both parties profit from...

Persistent link: https://www.econbiz.de/10010262045

Good governance and good aid allocation

Epstein, Gil S.; Gang, Ira N. - 2008

We model the aid allocation decision where the donor government has announced that good governance is the criterion for receiving aid. Potential recipients must compete for the aid funds. The structure of the competition is important to the donor in terms of achieving good governance, and to the...

Persistent link: https://www.econbiz.de/10010268553

Government decentralization as a disincentive for transnational terror? An empirical analysis

Dreher, Axel; Fischer, Justina A. V. - 2009

decentralization on the occurrence of transnational terror. Our results show that expenditure decentralization reduces the number of … transnational terror events in a country, while political decentralization has no impact. These results are robust to the choice of …

Persistent link: https://www.econbiz.de/10010269173

Fiscal decentralization and development: How crucial is local politics?

Pal, Sarmistha; Roy, Jaideep - 2010

Does fiscal decentralization in a politically decentralized less developed country help strengthen democratic … institutions at the grass root level? And is the impact of such decentralization on local politics important in determining local … development? Our study on Indonesia suggests that fiscal decentralization enhanced free and fair local elections, though the …

Persistent link: https://www.econbiz.de/10010274661

Authority and incentives in organizations

Kräkel, Matthias - 2013

situation, decentralization is the optimal form of full delegation given that selfish behavior is more important than …

Persistent link: https://www.econbiz.de/10010293168