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This paper examines whether political connections ease financial constraints faced by firms. Using firm-level data from six Central and Eastern European economies, the paper shows that politically connected firms: (i) have high levels of leverage, (ii) have low levels of profitability, (iii) are...
Persistent link: https://www.econbiz.de/10012113824
This study connects two important findings in Sub-Saharan Africa. First, digital technologies such as mobile money have become widespread and have increased investment by businesses, especially in East Africa. Second, women-owned business in the region significantly lag their male counterparts...
Persistent link: https://www.econbiz.de/10012297805
Using a comprehensive and proprietary data set on international private equity activity, this paper studies the determinants of buyout investments across 61 countries and 19 industries over 1990-2017. The study finds evidence that macroeconomic conditions, development of stock and credit...
Persistent link: https://www.econbiz.de/10012230825
This paper revisits trends in bank privatization and analyzes their economic impact over the past 25 years. Building on a novel data set of privatization events for 70 developed and developing countries, it shows that bank privatization became more frequent since the Global Financial Crisis,...
Persistent link: https://www.econbiz.de/10012257325
that are more exposed to automation in the U.S. through trade fared in exports and employment outcomes. The results show … employment, nor manufacturing wage employment overall. Yet, the latter is the result of two counteracting forces. Exposure to U ….S. automation reduced manufacturing wage employment in areas where occupations were initially more susceptible to being automated …
Persistent link: https://www.econbiz.de/10012007951
This paper presents a new dataset of comparable employment indicators for South Asian countries, constructed from more … dataset is illustrated by conducting a rigorous assessment of employment characteristics, of changes in employment over time …, and of the short- and long-run relationship between economic growth and employment growth in South Asia. The exercise …
Persistent link: https://www.econbiz.de/10012008172
Individual-level employment data have a wide range of applications. They are used to monitor labor markets and the … design issues behind the collection of individual-level employment data in nationally representative household surveys and … captured in the reviewed surveys. Third, it takes stock of current approaches to collect employment data and discusses critical …
Persistent link: https://www.econbiz.de/10012051879
This paper offers for the first time a global picture of gender discrimination by the law as it affects women's economic opportunity and charts the evolution of legal inequalities over five decades. Using the World Bank's newly extended Women, Business and the Law database, the paper documents...
Persistent link: https://www.econbiz.de/10012168022
Persistent link: https://www.econbiz.de/10000976741
Persistent link: https://www.econbiz.de/10000945005