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The Plant Size-Place Effect: Agglomeration and Monopsony in Labour Markets [PDF]
This paper shows, using data from both the US and the UK, that average plant size is larger in denser markets. However, many popular theories of agglomeration spillovers, cost advantages and improved match quality predict that establishments should be ...
Alan Manning
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Higher Wages in Exporting Firms: Self-selection, Export Effect, or Both? First Evidence from German Linked Employer-Employee Data [PDF]
: While it is a stylized fact that exporting firms pay higher wages than non-exporting firms, the direction of the link between exporting and wages is less clear.
Claus Schnabel +2 more
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Current Accounts, Net Foreign Assets and the Implications of Cyclical Factors [PDF]
Intertemporal models of the current account suggest that temporary income shocks are fully reflected in a country's net foreign asset position, so that agents invest abroad any savings generated by a positive income shock.
Georgios Chortareas +2 more
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Corporate Governance and the Home Bias [PDF]
In most countries, many of the largest corporations are controlled by large shareholders. We show that, under reasonable assumptions, this stylized fact implies that portfolio holdings of U.S. investors should exhibit a home bias in equilibrium.
Lee Pinkowitz +2 more
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High-tech human capital: Do the richest countries invest the most? [PDF]
Research and Development (R&D) endogenous growth models predict and most evidence show that investment in R&D increase with economic development. We consider the type of human capital mainly used in research labs and show that the richest countries are ...
Sequeira, Tiago Neves
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EL MULTIPLICADOR MONETARIO EN EL CICLO ECONÓMICO DE LA ARGENTINA
Revista de Economía Política de Buenos Aires, 2017 RESUMEN El carácter procíclico de los agregados monetarios es un hecho que ha sido explicado por la presencia del multiplicador monetario de carácter endógeno.
Danilo Rogelio Trupkin +3 more
doaj
Choosing To Compete: How Different Are Girls and Boys? [PDF]
Using a controlled experiment, we examine the role of nurture in explaining the stylized fact that women shy away from competition. Our subjects (students just under 15 years of age) attend publicly-funded single-sex and coeducational schools.
Alison L. Booth, Patrick Nolen
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Source of Output dynamics in USA vs. Great Britain: supply, demand or nominal shocks [PDF]
The purpose of the present paper is to extend Clarida and Gali (1994) from structural specification to common trend specification and to study the relative importance of nominal, supply and demand shocks in relative output dynamics.
Rzigui, Lotfi
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The Division of Labor, Coordination Costs and the Growth of Government [PDF]
The paper develops a dynamic, general equilibrium model of specialization-driven growth in which the private cost of coordinating among specialists is a function of public expenditure on physical and institutional infrastructure.
Lewis S. Davis
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