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作者：Bourles, Renaud; Cette, Gilbert; Lopez, Jimmy; Mairesse, Jacques; Nicoletti, Giuseppe
作者单位：Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Universite Bourgogne Europe; Institut Polytechnique de Paris; ENSAE Paris; Maastricht University; National Bureau of Economic Research
摘要：We identify the impact of intermediate goods markets imperfections on productivity downstream. Our empirical specification is based on a model of multifactor productivity (MFP) growth in which the effects of upstream competition can vary with distance to frontier. This model is estimated on a panel of fifteen OECD countries and twenty industries over 1985 to 2007. Competitive pressures are proxied with industry product market regulation data. We find evidence that anticompetitive upstream regu...
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作者：Bruno, Randolph Luca; Bytchkova, Maria; Estrin, Saul
作者单位：University of London; London School Economics & Political Science
摘要：We investigate how the regional institutional environment-in particular, the political environment-affects Russian new firm entry across regions, industries, firm size classes, and time. We find that entry rates in Russia are explained by natural entry rates and the institutional environment. Industries that are characterized by low entry barriers in developed market economies are found to have lower entry rates in regions subject to greater political fluidity, as in the case of gubernatorial ...
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作者：Scholnick, Barry
作者单位：University of Alberta
摘要：We examine whether the magnitude of an anticipated income change affects consumption smoothing (the magnitude hypothesis). Although this hypothesis has been discussed for fifty years, we are one of the first to provide formal statistical evidence to support it. We consider the natural experiment of an individual's final mortgage payment, an anticipated income change, and examine how it affects credit card expenditure. We can identify causality because the dates of final mortgage payments acros...
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作者：Arora, Ashish; Branstetter, Lee G.; Drev, Matej
作者单位：Duke University; National Bureau of Economic Research; Carnegie Mellon University
摘要：This paper documents a systematic shift in the nature of innovation in information technology (IT) toward increasing dependence on software. Using a broad panel of U.S. and Japanese publicly listed IT firms in the period 1983 to 2004, we show that this change in the nature of IT innovation had differential effects on the performance of the IT industries in the United States and Japan, resulting in U.S. firms increasingly outperforming their Japanese counterparts, particularly in more software-...
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作者：Bataa, Erdenebat; Osborn, Denise R.; Sensier, Marianne; van Dijk, Dick
作者单位：National University of Mongolia; University of Manchester; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：This paper proposes an iterative procedure to discriminate between structural breaks in the coefficients and the disturbance covariance matrix of a system of equations, with recursive procedures then identifying individual coefficient shifts and separating volatility from correlation breaks. Structural breaks in short-term cross-country inflation relations are then examined for major G-7 economies and within the euro area. There is evidence that the euro area leads inflation in North America, ...
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作者：Huang, Yasheng; Jin, Li; Qian, Yi
作者单位：Massachusetts Institute of Technology (MIT); Harvard University; Northwestern University
摘要：Most of the economic analyses of the overseas Chinese network focus on trade and investment flows at the country level. In this paper,. we analyze the effects of the ethnic Chinese network at the firm level. Contrary to the conventional wisdom, we find that ethnic Chinese FDI firms in China in fact underperform nonethnic Chinese FDI firms. We also find that the performance of ethnic Chinese firms deteriorates over time. We present evidence consistent with the hypothesis that ethnic Chinese fir...
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作者：Edlund, Lena; Li, Hongbin; Yi, Junjian; Zhang, Junsen
作者单位：Columbia University; Tsinghua University; University of Chicago; Chinese University of Hong Kong
摘要：Since the introduction of the one-child policy in China in 1979, many more boys than girls have been born, foreshadowing a sizable bride shortage. What do young men unable to find wives do? This paper focuses on criminality, an asocial activity that has seen a marked rise since the mid-1990s. Exploiting province-year level variation, we find an elasticity of crime with respect to the sex ratio of 16- to 25-year-olds of 3.4, suggesting that male sex ratios can account for one-seventh of the ris...
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作者：Kato, Takao; Sparber, Chad
作者单位：Colgate University; IZA Institute Labor Economics; Columbia University; University of Tokyo; Aarhus University; University of London; University College London
摘要：In October 2003, the United States drastically reduced the number of H-1B visas available for foreign-born workers. Such restrictions could make U.S. colleges less attractive to foreign students considering an American education as a pathway to U.S. employment. Citizens from five countries are de facto exempt from the visa restrictions, however. Our difference-indifference estimates show that restrictive immigration policy reduced SAT scores of international applicants by about 1.5% and decrea...
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作者：Doz, Catherine; Giannone, Domenico; Reichlin, Lucrezia
作者单位：Paris School of Economics; heSam Universite; Universite Pantheon-Sorbonne; Universite Libre de Bruxelles; Center for Economic & Policy Research (CEPR); University of London; London Business School
摘要：Is maximum likelihood suitable for factor models in large cross-sections of time series? We answer this question from both an asymptotic and an empirical perspective. We show that estimates of the common factors based on maximum likelihood are consistent for the size of the cross-section (n) and the sample size (T), going to infinity along any path, and that maximum likelihood is viable for n large. The estimator is robust to misspecification of cross-sectional and time series correlation of t...
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作者：Koellinger, Philipp D.; Thurik, A. Roy
作者单位：Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung
摘要：We find new empirical regularities in the business cycle in a cross-country panel of 22 OECD countries for the period 1972 to 2007; entrepreneurship Granger-causes the cycles of the world economy. Furthermore, the entrepreneurial cycle is positively affected by the national unemployment cycle. We discuss possible causes and implications of these findings.
