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Specific capital and technological variety
Jovanovic, Boyan; Rousseau, Peter L. - 2008
"Growth of technological variety offers more scope for the division of labor. And when a division of labor requires some specific training, the technological specificity of human capital grows and, with it, probably the firm specificity of that capital. We build a simple model that captures this...
Persistent link: https://www.econbiz.de/10003716062
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Negative skill sorting across production chains
Asuyama, Yoko; Goto, Hideaki - 2016
Persistent link: https://www.econbiz.de/10011546096
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Finance, comparative advantage, and resource allocation
Jaud, Melise; Kukenova, Madina; Strieborny, Martin - 2013 - First Draft: May, 2010, This Draft: December 30, 2013
We show that exported products exit the US market sooner if they violate the Heckscher-Ohlin notion of comparative advantage. Crucially, this pattern is stronger when exporting country has a well-developed banking system, measured by a high ratio of bank credit over the GDP. Banks thus push...
Persistent link: https://www.econbiz.de/10011346433
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Import liberalization as export destruction? : evidence from the United States
Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2021
Persistent link: https://www.econbiz.de/10012581909
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Long-run impacts of trade shocks and export competitiveness : evidence from the U.S. BSE event
Chen, Chen-ti; Crespi, John M.; Hahn, William F.; … - 2019
Persistent link: https://www.econbiz.de/10012387726
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Import liberalization as export destruction? : evidence from the United States
Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2022
Persistent link: https://www.econbiz.de/10012815477
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Import liberalization as export destruction? : evidence from the United States
Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2022
How does import protection affect export performance? In trade models with scale economies, import liberalization can reduce industry-level exports by cutting domestic production. We show that this export destruction mechanism reduced US export growth following the permanent normalization of...
Persistent link: https://www.econbiz.de/10012817913
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The role of institutional quality on the effects of fiscal stimulus
Avellán, Leopoldo; Galindo Andrade, Arturo José; … - 2020
This paper provides evidence on the effect of fiscal stimulus on economic activity in countries with different degrees of institutional quality. The identification strategy makes use of data on military expenditure to instrument government consumption using local lineal projections as presented...
Persistent link: https://www.econbiz.de/10012238283
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Complexity in large U.S. banks
Goldberg, Linda S.; Meehl, April - 2019
While both size and complexity are important for the largest U.S. bank holding companies (BHCs), specific types of … complexity and their patterns across banks are not well understood. We introduce a range of measures of organizational, business …, and geographic complexity. Comparing 2007 with 2017, we show that large U.S. BHCs remain very complex, with some declines …
Persistent link: https://www.econbiz.de/10011975489
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Organizational complexity and balance sheet management in global banks
Cetorelli, Nicola; Goldberg, Linda S. - 2016
financial conglomerates. We conjecture and provide evidence that the organizational complexity of the family of a bank is a … are very much determined by the structure of the organizations the banks belong to. The complexity of the conglomerate can …
Persistent link: https://www.econbiz.de/10011446535