This paper investigates credit channel of monetary policy by accounting for simultaneous interaction of banks' and firms' credit conditions and their adjustment costs, which are neglected in the previous studies. Based on the European data we find that these conditions are interacting, although...

This study provides an empirical investigation of the adjustment process of labour in Indian manufacturing industries, which evolved through structural transformation in the era of globalization. The analysis is based on a dynamic model applied to a panel of 22 two-digit manufacturing industries...

This paper investigates the effectiveness of a public innovation policy aimed at stimulating private R&D investment. The research will examine whether public funding increases the total spending on research or merely displaces funding from private sources. The empirical analysis is based on the...

This paper deals with modeling firm-specific technical change (TC), and technological biases (inputs and scale) in estimating total factor productivity (TFP) growth. Several dual parametric econometric models are used for this purpose. We examine robustness of TFP growth and TC among competing...

We examine sensitivity of the estimated relationship between innovation and firm performance. In doing so, we rely on a knowledge production function approach and carry out comparisons in a number of ways. The sensitivity analysis is based on the comparison of a basic econometric model estimated...

In this study, we intend to examine the information and communication technology (ICT) firms from a financial perspective. The relationship between capital structure and cost of capital (COC) is investigated in a simultaneous equation framework. On the one hand, we relate international...

The purpose of this paper is to analyse the impact of the deregulation of the Swedish banking industry in the mid-1980s, and the consequent banking crisis, on productive efficiency and productivity growth in the industry. An unbalanced panel of Swedish banks is studied over the period, 1984 to...

In this study the effects of various types of rehabilitation programmes on different labour market and health related outcomes are estimated. The main feature of this study, compared to previous research, is that it jointly evaluates multiple treatments by nonparametric matching estimators. The...

Since the early 1990s, the employment structure of organized manufacturing industries in India has undergone substantial changes with steep rise in the use of contract workers in place of permanent workers. This process has led to increased wage inequality, discrimination as well as concern of...