The Dynamics of Economic Adjustment in Business Firms
Author: Antonio Ramiro Frances Cabrera
Publisher:
Published: 1986
Total Pages: 762
ISBN-13:
DOWNLOAD EBOOKPosts
What is the Impact of Increased Business Competition?
Author: Sónia Félix
Publisher: International Monetary Fund
Published: 2019-12-13
Total Pages: 57
ISBN-13: 1513521519
DOWNLOAD EBOOKThis paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.
Monetary Policy Transmission in the Euro Area
Author: Ignazio Angeloni
Publisher: Cambridge University Press
Published: 2003-12-04
Total Pages: 515
ISBN-13: 1139438816
DOWNLOAD EBOOKThis 2003 book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozone. Analysing macro and micro-economic evidence, with chapters by central bank economists, including a discussion chapter by eminent macroeconomists, it is an essential contribution to research on the subject.
Microeconomic Inventory Adjustment
Author: Jonathan McCarthy
Publisher:
Published: 2000
Total Pages: 54
ISBN-13:
DOWNLOAD EBOOKBanks, Firms, and Jobs
Author: Fabio Berton
Publisher: International Monetary Fund
Published: 2017-02-14
Total Pages: 57
ISBN-13: 1475579012
DOWNLOAD EBOOKWe analyze the employment effects of financial shocks using a rich data set of job contracts, matched with the universe of firms and their lending banks in one Italian region. To isolate the effect of the financial shock we construct a firm-specific time-varying measure of credit supply. The contraction in credit supply explains one fourth of the reduction in employment. This result is concentrated in more levered and less productive firms. Also, the relatively less educated and less skilled workers with temporary contracts are the most affected. Our results are consistent with the cleansing role of financial shocks.
The Growth of Firms
Author: Alex Coad
Publisher: Edward Elgar Publishing
Published: 2009-01-01
Total Pages: 209
ISBN-13: 1848449100
DOWNLOAD EBOOKResearch into firm growth has been accumulating at a terrific pace, and Alex Coad s survey of this multifaceted field provides a detailed, comprehensive overview of the latest developments. Much progress has been made in empirical research into firm growth in recent decades due to factors such as the availability of detailed longitudinal datasets, more powerful computers and new econometric techniques. This book provides an up-to-date catalogue of empirical work, as well as a coherent theoretical structure within which these new results can be interpreted and understood. It brings together a large body of recent research on firm growth from a multidisciplinary perspective, providing an up-to-date synthesis of stylized facts and empirical regularities. Numerous empirical findings and theories of firm growth are also surveyed and compared in order to evaluate their validity. Drawing on a vast and diverse body of research, this book will prove invaluable to students, academics, policy makers and practitioners with a need to keep abreast of studies in industrial organization, firm growth and management.
Varieties of Capitalism
Author: Peter A. Hall
Publisher: Oxford University Press
Published: 2001
Total Pages: 557
ISBN-13: 0199247749
DOWNLOAD EBOOKApplying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.
Shadow Banking
Author: Mr.Stijn Claessens
Publisher: International Monetary Fund
Published: 2012-12-04
Total Pages: 37
ISBN-13: 1475583583
DOWNLOAD EBOOKThis note outlines the basic economics of the shadow banking system, highlights (systemic) risks related to it, and suggests implications for measurement and regulatory approaches.
The Nature of the Firm
Author: Oliver E. Williamson
Publisher: Oxford University Press, USA
Published: 1993
Total Pages: 260
ISBN-13: 9780195083569
DOWNLOAD EBOOKThis volume features a series of essays which arose from a conference on economics, addressing the question: what is the nature of the firm in economic analysis? This paperback edition includes the Nobel Lecture of R.N. Case.
Dynamic Economic Decision Making
Author: John E. Silvia
Publisher: John Wiley & Sons
Published: 2011-06-24
Total Pages: 400
ISBN-13: 1118100956
DOWNLOAD EBOOKA comprehensive analysis of the macroeconomic and financial forces altering the economic landscape Financial decision-making requires one to anticipate how their decision will not only affect their business, but also the economic environment. Unfortunately, all too often, both private and public sector decision-makers view their decisions as one-off responses and fail to see their decisions within the context of an evolving decision-making framework. In Decision-Making in a Dynamic Economic Setting, John Silvia, Chief Economist of Wells Fargo and one of the top 5 economic forecasters according to Bloomberg News and USA Today, skillfully puts this discipline in perspective. Details realistic, decision-making approaches and applications under a broad set of economic scenarios Analyzes monetary policy and addresses the impact of financial regulations Examines business cycles and how to identify economic trends, how to deal with uncertainty and manage risk, the building blocks of growth, and strategies for innovation Decision-Making in a Dynamic Economic Setting details the real-world application of economic principles and financial strategy in making better business decisions.
