Similar Search Results

Does Economic Growth Reduce Corruption? Theory and Evidence from Vietnam

Bai, Jie - 2013

Government corruption is more prevalent in poor countries than in rich countries. This paper uses cross …-industry heterogeneity in growth rates within Vietnam to test empirically whether growth leads to lower corruption. We find that it does. We … results suggest that as poor countries grow, corruption could subside "on its own,'' and they demonstrate one type of positive …

Persistent link: https://www.econbiz.de/10013075412

Why is Fiscal Policy Often Procyclical?

Alesina, Alberto; Tabellini, Guido Enrico - 2021

Many countries, especially developing ones, follow procyclical fiscal polices, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...

Persistent link: https://www.econbiz.de/10013240582

Concentrating on the Fall of the Labor Share

Autor, David H. - 2017

The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a “superstar firm” model where industries are increasingly characterized by “winner take most” competition, leading a small number of highly profitable (and...

Persistent link: https://www.econbiz.de/10012964393

The Fall of the Labor Share and the Rise of Superstar Firms

Autor, David H. - 2017

The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...

Persistent link: https://www.econbiz.de/10012956386

How Exporters Grow

Fitzgerald, Doireann; Haller, Stefanie; Yedid‐Levi, Yaniv - 2021

We show that in successful episodes of export market entry, there are statistically and economically significant post-entry dynamics of quantities, but no post-entry dynamics of markups. This suggests that shifts in demand play an important role in successful entry, but that firms do not use...

Persistent link: https://www.econbiz.de/10013224339

A Theory of Growth and Volatility at the Aggregate and Firm Level

Comin, Diego; Mulani, Sunil - 2021

This paper presents an endogenous growth model that explains the evolution of the first and second moments of productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i) idiosyncratic R&D innovations and (ii) general innovations...

Persistent link: https://www.econbiz.de/10013224700

Industry Dynamics : Foundations for Models with an Infinite Number of Firms

Weintraub, Gabriel - 2010

This paper explores the connection between three important threads of economic research offering different approaches to studying the dynamics of an industry with heterogeneous firms. Finite models of the form pioneered by Ericson and Pakes (1995) capture the dynamics of a finite number of...

Persistent link: https://www.econbiz.de/10013139021

A Unified Theory of Firm Selection and Growth

Arkolakis, Costas - 2011

This paper studies the effects of marketing choice to firm growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements with continuous arrival of new potential producers. A firm enters a market if it is profitable to incur the marginal cost to reach the first...

Persistent link: https://www.econbiz.de/10013119036

Equilibrium Labor Turnover, Firm Growth and Unemployment

Coles, Melvyn Glyn - 2012

This paper considers a dynamic, non-steady state environment in which wage dispersion exists and evolves in response to shocks. Workers do not observe firm productivity and firms do not commit to future wages, but there is on-the-job search for higher paying jobs. The model allows for firm...

Persistent link: https://www.econbiz.de/10013107210

Labor Market Frictions, Firm Growth, and International Trade

Fajgelbaum, Pablo D. - 2013

I study the aggregate effects of labor market frictions in a small open economy where firms grow slowly and make fixed export investments. The model features interactions between dynamic investments in exporting and search frictions with job-to-job mobility. A calibration to Argentina's economy...

Persistent link: https://www.econbiz.de/10013074919