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Determinants of European Firm’s Innovation and the Role of Public Financial Support
Firm Innovation Public support R&D activities
2016/1/27
Innovation activities at firm-level are often significantly influenced by factors that determine the outcome of the innovation process. The primary aim of this paper is to study and empirically verify...
Trade and Investment under Policy Uncertainty:Theory and Firm Evidence
Investment Trade Uncertainty Policy Agreements
2015/9/22
Using a dynamic, heterogeneous firms model with sunk costs of exporting we show that: (i) investment and entry into export markets is reduced when trade policy is uncertain and (ii) credible preferent...
The Labor Boundaries of the Firm: Employment and Independent Contracting
Employment Independent Contracting
2015/9/21
When contracts are incomplete and control over pre-existing assets are
already assigned through onwership, the employment relation gives employers
rights to expropriate worker investment. In contras...
Colombia Firm Energy Market
Energy Market Market
2015/9/18
A firm energy market for Colombia is presented. Firm energy—the ability to provide
energy in a dry period—is the product needed for reliability in Colombia’s hydrodominated electricity market. The f...
We present a simulation analysis of the proposed Colombian firm energy market. The main
purpose of the simulation is to assess the risk to suppliers of participation in the market. We also
are abl...
Business dynamism plays an important role in job creation and productivity
growth in the United States. Business start-ups are an important contributor to
that dynamism. Start-ups contribute disprop...
How Firms Respond to Business Cycles: The Role of Firm Age and Firm Size
Firm Age Firm Size
2015/9/18
There remains considerable debate in the theoretical and empirical literature about
the differences in the cyclical dynamics of firms by firm size. This paper contributes
to the debate in two ways. ...
Cross country differences in job reallocation: The role of industry, firm size and regulations
firm size regulations
2015/9/18
Somewhat surprisingly, cross-country empirical evidence (at least in the cross section) does not seem to support
the predictions of standard models that economies with stricter regulations on hiring ...
Insurance within the Firm
Insurance Firm
2015/7/23
We evaluate the allocation of risk between firms and their workers
using matched employer-employee panel data. Unlike previous contributions, this paper focuses on idiosyncratic shocks to the &...
ADJUSTMENT COSTS, FIRM RESPONSES, AND MICRO VS. MACRO LABOR SUPPLY ELASTICITIES: EVIDENCE FROM DANISH TAX RECORDS
ADJUSTMENT COSTS FIRM RESPONSES
2015/7/23
We show that the e§ects of taxes on labor supply are shaped by interactions between
adjustment costs for workers and hours constraints set by Örms. We develop a model
in which Örms post jo...
We use variation in the degree of development of local credit markets and matched employeremployee data to assess the role of the rm as an internal credit market. We nd that rms
operating in less ...
Firm Exports and Multinational Activity under Credit Constraints
international trade multinational companies
2015/7/21
This paper provides firm-level evidence that credit constraints restrict international trade
flows and affect the sectoral pattern of multinational activity. Using detailed customs data from China, ...
Complementarities in the Transition from Socialism:A Firm-Level Analysis
Complementarities Transition from Socialism Firm-Level Analysis
2015/7/21
Complementarities in the Transition from Socialism:A Firm-Level Analysis.
The Firm as an Incentive System.
The Internal Politics of the Firm.