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Financial Crises and Liberalization: Progress or Reversals?

Saka, Orkun; Campos, Nauro F.; De Grauwe, Paul; Ji, Yuemei - 2019

. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015 … liberalization process restarts a few years after a financial crisis. One decade later, financial markets have returned to their pre …-crisis level of liberalization. In the EU sample, however, we do not find sufficient evidence to support these observations. …

Persistent link: https://www.econbiz.de/10012059123

Banks and innovation: microeconometric evidence on Italian firms

Benfratello, Luigi; Schiantarelli, Fabio; Sembenelli, … - 2006

In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...

Persistent link: https://www.econbiz.de/10010267494

Enterprising Women in Southern Africa: When Does Land Ownership Matter?

Brixiova, Zuzana; Kangoye, Thierry; Tregenna, Fiona - 2020

Limited access to finance is one of the major barriers for women entrepreneurs in Africa. This paper presents a model of start-ups in which firms' sales and profits depend on their productivity and access to credit. However, due to the lack of collateral assets such as land, female entrepreneurs...

Persistent link: https://www.econbiz.de/10012180119

Effects of Labor Reallocation on Productivity and Inequality: Insights from Studies on Transition

Tyrowicz, Joanna; Van der Velde, Lucas; Svejnar, Jan - 2016

From a theoretical perspective the link between the speed and scope of rapid labor reallocation and productivity growth or income inequality is ambiguous. Do reallocations with more flows tend to produce higher productivity growth? Does such a link appear at the expense of higher income...

Persistent link: https://www.econbiz.de/10011559657

Credit constraints and productive entrepreneurship in Africa

Baliamoune-Lutz, Mina; Brixiova, Zuzana; Ndikumana, Leonce - 2011

Limited access of entrepreneurs to credit constrains the creation and growth of private firms. In Africa, access to credit is particularly limited for small and medium enterprises (SMEs) due to unclear property rights and the lack of assets that can be used as collateral. This paper presents a...

Persistent link: https://www.econbiz.de/10010282171

Banks and Innovation: Microeconometric Evidence on Italian Firms

Benfratello, Luigi; Schiantarelli, Fabio; Sembenelli, … - Institute for the Study of Labor (IZA) - 2006

In this paper we investigate the effect of local banking development on firms’ innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990’s. There is evidence that banking development affects the probability of process innovation,...

Persistent link: https://www.econbiz.de/10005822124

Credit Constraints and Productive Entrepreneurship in Africa

Baliamoune-Lutz, Mina; Brixiova, Zuzana; Ndikumana, Leonce - Institute for the Study of Labor (IZA) - 2011

Persistent link: https://www.econbiz.de/10009395434

A Comparison of Panel Data Models in Estimating Technical Efficiency

Rashidghalam, Masoomeh; Heshmati, Almas; Dashti, Ghader; … - 2016

The purpose of this paper is two-fold. First, it compares the performance of various panel data models in estimating technical efficiency in production. Second, it applies various stochastic frontier panel data models to estimate the technical efficiency of Iran's cotton production and to...

Persistent link: https://www.econbiz.de/10011479325

Technical Efficiency, Unions and Decentralized Labor Contracts

Devicienti, Francesco; Manello, Alessandro; Vannoni, Davide - 2016

This paper explores the link between the presence of unions in the workplace, the adoption of decentralized labor agreements and technical efficiency, using a large sample of Italian manufacturing firms. We apply the Data Envelopment Analysis, and its robust version based on bootstrap theory, to...

Persistent link: https://www.econbiz.de/10011584607

Do SBA Loans Create Jobs?

Brown, J. David; Earle, John S. - 2013

Small Business Administration (SBA) loans have long been one of the most significant policy interventions in the U.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list of all SBA loans linked to annual data on all U.S....

Persistent link: https://www.econbiz.de/10010319511