Topic
JEL classification codes
About: JEL classification codes is a research topic. Over the lifetime, 61 publications have been published within this topic receiving 1502 citations.
Papers published on a yearly basis
Papers
TL;DR: In this article, the authors use panel data on a large number of firms in 13 developing countries to find out whether financial liberalization relaxes financing constraints of firms, and they find that liberalization affects small and large firms differently.
Abstract: We use panel data on a large number of firms in 13 developing countries to find out whether financial liberalization relaxes financing constraints of firms. We find that liberalization affects small and large firms differently. Small firms are financially constrained before the start of the liberalization process, but become less so after liberalization. Financing constraints of large firms, however, are low before financial liberalization, but become higher as financial liberalization proceeds. We hypothesize that financial liberalization has adverse effects on the financing constraints of large firms, because these firms had better access to preferential directed credit during the period before financial liberalization. JEL Classification Codes: E22, E44, G31, O16
417 citations
1 Jan 2011
TL;DR: An overview of research on social networks and their role in shaping behavior and economic outcomes is provided in this article, which includes discussion of empirical and theoretical analyses of the role of social networks in markets and exchange, learning and diffusion, and network games.
Abstract: In this chapter, I provide an overview of research on social networks and their role in shaping behavior and economic outcomes. I include discussion of empirical and theoretical analyses of the role of social networks in markets and exchange, learning and diffusion, and network games. I also include some background on social network characteristics and measurements, models of network formation, models for the statistical analysis of social networks, as well as community detection. JEL Classification Codes: D85, C72, L14, Z13
396 citations
TL;DR: In this article, 12 food-manufacturing companies in six European countries have been studied with respect to the way in which they innovate, their motivations, and their emphasis on product or process innovation.
Abstract: Twelve food-manufacturing companies in six European countries have been studied with respect to the way in which they innovate, their motivations, and their emphasis on product or process innovation. It is suggested that the traditional demand-pull versus technology-push versus a mixture of both debate is too simplistic. Firms behave differently depending on their dominant orientations towards the product, the process, or the market, the types of market they supply (particularly whether they supply branded or private-label products), the nature of their ownership (public, private, co-operative), market size and scope, and company size. The suggestions of the case studies are, in general, supported by quantitative results from a survey of food manufacturers, though the survey was not designed specifically for this purpose and further quantitative model development is proposed. The findings reported in this article and the proposed refinements are important to firms and policy-makers concerned with the efficiency and effectiveness of food industry innovation [JEL Classification Codes: L100, L200, L660]
241 citations
TL;DR: The authors survey the theoretical literature on statistical discrimination and affirmative action and suggest different explanations for the existence and persistence of group inequality, and describe the effects of color-sighted and color-blind affirmative action policies, and the efficiency implications of discriminatory outcomes.
Abstract: This chapter surveys the theoretical literature on statistical discrimination and affirmative action. This literature suggests different explanations for the existence and persistence of group inequality. This survey highlights such differences and describes in these contexts the effects of color-sighted and color-blind affirmative action policies, and the efficiency implications of discriminatory outcomes. JEL Classification Codes: J150, J160, J700, J780
132 citations
Posted Content•
TL;DR: The authors embeds a portfolio choice decision in a two-country, two-good version of the stochastic growth model and characterizes the equilibrium country portfolios in closed form, showing that home bias arises because endogenous international relative price uctuations make domestic assets a good hedge against labor income risk.
Abstract: In one-good international macro models with nondiversifiable labor income risk, country portfolios are heavily biased toward foreign assets. The fact that the opposite pattern of diversification is observed empirically constitutes the international diversification puzzle. This paper embeds a portfolio choice decision in a two-country, two-good version of the stochastic growth model. In this environment, which is a workhorse for international business cycle research, equilibrium country portfolios can be characterized in closed form. Portfolios are biased toward domestic assets, as in the data. Home bias arises because endogenous international relative price uctuations make domestic assets a good hedge against labor income risk. Evidence from developed economies in recent years is qualitatively and quantitatively consistent with the mechanisms highlighted by the theory. keywords: Country portfolios, International business cycles, Home bias jel classification codes : F36, F41
124 citations
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Performance Metrics
| Year | Papers |
|---|---|
| 2020 | 2 |
| 2019 | 3 |
| 2018 | 1 |
| 2017 | 1 |
| 2016 | 3 |
| 2015 | 1 |