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Misallocation, Property Rights, and Access to Finance : Evidence from within and Across Africa

Kalemli-Ozcan, Sebnem - 2012

We study capital misallocation within and across 10 African countries using the World Bank Enterprise Surveys. First … product of capital (MPK), implying that countries could produce significantly more with the same aggregate capital stock if … capital were allocated optimally. Such variation differs from country to country with some African countries (success stories …

Persistent link: https://www.econbiz.de/10013107022

Misallocation, property rights, and access to finance : evidence from within and across Africa

Kalemli-Ozcan, Sebnem; Sørensen, Bent E. - 2012

Persistent link: https://www.econbiz.de/10009539895

Misallocation, property rights, and access to finance : evidence from within and across Africa

Kalemli-Ozcan, Sebnem; Sørensen, Bent E. - 2016

Persistent link: https://www.econbiz.de/10011562900

Misallocation, Property Rights, and Access to Finance : Evidence from Within and Across Africa

Kalemli-Ozcan, Sebnem - 2012

Persistent link: https://www.econbiz.de/10012460629

How Has Politico-Economic Liberalization Affected Financial Allocation Efficiency? Fresh African Evidence

Asongu, Simplice - 2015

financial efficiency in Africa. It uses updated data to appraise second generation reforms in order to gather fresh evidence and …

Persistent link: https://www.econbiz.de/10013032560

Are CDS auctions biased and inefficient?

Du, Songzi; Zhu, Haoxiang - In: The journal of finance : the journal of the American … 72 (2017) 6, pp. 2589-2628

Persistent link: https://www.econbiz.de/10012160143

Are CDS Auctions Biased and Inefficient?

Du, Songzi - 2016

We study the design of CDS auctions, which determine the payments by CDS sellers to CDS buyers following the defaults of bonds. Through a simple model, we find that the current design of CDS auctions leads to biased prices and inefficient allocations. This is because various restrictions imposed...

Persistent link: https://www.econbiz.de/10013008654

The Korean financial crisis and the future of its economy

Kim, Ŭng-han - In: Journal of Asian business 15 (1999) 1, pp. 72-78

Persistent link: https://www.econbiz.de/10001487035

[Rezension von: Perez, Carlota, Technological revolutions and financial capital, the dynamics of bubbles and golden ages]

Tourres, Marie-Aimẻe - In: Journal of economic issues : jei 37 (2003) 3, pp. 833-834

Persistent link: https://www.econbiz.de/10001793460

Endogenously Procyclical Liquidity, Capital Reallocation, and q

Cao, Melanie - 2017

Capital reallocation is procyclical and dispersion in Tobin's q across firms is counter-cyclical or acyclical. These … facts run counter to the Schumpeterian view of capital reallocation embodied in modern theories of business cycles. To … resolve the puzzles, we model an economy with search frictions in the market for used capital and shocks to aggregate …

Persistent link: https://www.econbiz.de/10012972482