Showing 1 - 10 of 5,338
The growth of business firms is an example of a system of complex interacting units that resembles complex interacting systems in nature such as earthquakes. Remarkably, work in econophysics has provided evidence that the statistical properties of the growth of business firms follow the same...
Persistent link: https://www.econbiz.de/10012893849
Government intervention during the banking holiday of March 1933 resolved the uncertainty usually created by bank suspensions. Including banking holiday suspensions in growth regressions therefore biases downwards the estimates of the real effects of bank suspensions. In this paper, I propose a...
Persistent link: https://www.econbiz.de/10012865724
probability of the Greek GDP being in boom or recession. Then probit models extract the predictive information of a set of …) between the probability of not being in recession and the probability estimated by the probit model is the function that …
Persistent link: https://www.econbiz.de/10011312197
This article summarizes the main findings on problems related to the measurement and identification of business cycles. The aim of this study is to define and identify the determinants of business cycles. This paper provides an overview of the methodology and its future course. Our investigation...
Persistent link: https://www.econbiz.de/10011453001
This paper investigates the long-term effects of initial labor market conditions by comparing cohorts who graduated from college before, during, and after the 1997-1998 Asian financial crisis. We measure the overall welfare impact by examining not only labor market activities but also family...
Persistent link: https://www.econbiz.de/10012105175
, fertility, and asset building among men who graduated during a recession. For women, limited job opportunities at graduation … result in an increase in childbearing. Our results suggest that labor market entry in a large-scale recession has prolonged …
Persistent link: https://www.econbiz.de/10012179332
This paper evaluates whether publicly available daily news lead texts help nowcasting Swiss GDP growth. I collect titles and lead texts from three Swiss newspapers and calculate text-based indicators for various economic concepts. A composite indicator calculated from these indicators is highly...
Persistent link: https://www.econbiz.de/10014324815
against a large cross-sectional dataset from the US, we find that giving birth during a recession reduces mothers' earnings …, whereas fathers remain mostly unaffected. The asymmetric impact of a recession at the time of childbirth persists for a long … time and accounts for 30-40 percent of the after-childbirth gender gap in earnings. Unintended impacts of recession on …
Persistent link: https://www.econbiz.de/10014249934
recession. Contrary to the prevailing view in the literature, financing constraints do not explain the size effect, and the … effect is stronger in 2020 than in the Great Recession during which constraints were, arguably, more severe. We examine … firms in recession, but this is counteracted by new entry, thus, mitigating the effects on industry structures across …
Persistent link: https://www.econbiz.de/10012585936
This paper uses variation in unemployment caused by the 2008 recession to analyse socio- economic gaps in graduate … family backgrounds graduate during a recession they are more likely to become unemployed, to work part-time, and to earn less …
Persistent link: https://www.econbiz.de/10012588935