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Productivity Effects of TVE Privatization : The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River Region

Sonobe, Tetsushi - 2003

and widely taking place in China, it is much less known whether and to what extent privatization has improved resource …

Persistent link: https://www.econbiz.de/10012469077

The Chinese Corporate Savings Puzzle : A Firm-level Cross-country Perspective

Bayoumi, Tamim - 2010

China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account …

Persistent link: https://www.econbiz.de/10012462224

Inflation targeting and private sector forecasts

Cecchetti, Stephen G. - 2009

In this paper we study the degree to which increased information about monetary policy might lead to individuals coordinating their forecasts. Specifically, we estimate a series of simple models to measure the impact of inflation targeting on the dispersion of private sector forecasts of...

Persistent link: https://www.econbiz.de/10012463225

Volatility and Dispersion in Business Growth Rates : Publicly Traded versus Privately Held Firms

Davis, Steven J. - 2006

We study the variability of business growth rates in the U.S. private sector from 1976 onwards. To carry out our study, we exploit the recently developed Longitudinal Business Database (LBD), which contains annual observations on employment and payroll for all U.S. businesses. Our central...

Persistent link: https://www.econbiz.de/10012466311

What We Spend and What We Get : Public and Private Provision of Crime Prevention

Witte, Ann Dryden - 2001

In this paper, we consider a number of issues regarding crime prevention and criminal justice. We begin by considering how crime is measured and present both general and specific evidence on the level of crime in a variety of countries. Crime is pervasive and varies substantially across...

Persistent link: https://www.econbiz.de/10012470520

Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence

David, Paul A. - 1999

Is public R&D spending complementary and thus "additional" to private R&D spending, or does it substitute for and tend to "crowd out" private R&D? Conflicting answers are given to this question. We survey the body of available economectric evidence accumulated over the past 35 years. A framework...

Persistent link: https://www.econbiz.de/10012471411

Taxes and Private Firms' Capital Structure Choices

Faccio, Mara; Xu, Jin - National Bureau of Economic Research - 2025

Using limitations to the deductibility of interest payments triggered by the introduction of interest ceiling rules globally, we show that affected private firms reduce leverage relative to unaffected firms. In support of a causal effect of taxes on corporate capital structure choices, we show...

Persistent link: https://www.econbiz.de/10015398137

The Impact of Trade on Labor Market Dynamics

Caliendo, Lorenzo - 2015

calibrate the model to 38 countries, 50 U.S. states and 22 sectors and use the rise in China's import competition to quantify … the aggregate and disaggregate employment and welfare effects on the U.S. economy. We find that China's import competition …, or about 60% of the change in the manufacturing employment share not explained by a secular trend. Overall, China's shock …

Persistent link: https://www.econbiz.de/10012457517

U.S. Job Flows and the China Shock

Asquith, Brian J. - 2017

the industry and commuting-zone levels, and then estimates the impact of the `China shock' on each job-flow type. The … China shock is accounted for by either the increase in Chinese import penetration in the U.S., or by the U.S. policy change … that granted Permanent Normal Trade Relations (PNTR) status to China. We find that the China shock affects U.S. employment …

Persistent link: https://www.econbiz.de/10012453633

The Wealth of Working Nations

Fernández-Villaverde, Jesús; Ventura, Gustavo; Yao, Wen - National Bureau of Economic Research - 2023

Due to population aging, GDP growth per capita and GDP growth per working-age adult have become quite different among many advanced economies over the last several decades. Countries whose GDP growth per capita performance has been lackluster, like Japan, have done surprisingly well in terms of...

Persistent link: https://www.econbiz.de/10014437045