Results 211 to 220 of about 4,493 (309)

Debt Ceilings With Fiscal Intransparency and Imperfect Electoral Accountability

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We study optimal debt ceilings in a political‐agency model with uncertainty about both policymaker type (benevolent or selfish) and economic state (good or bad). Elections generate disciplining and selection effects that differ across pooling, hybrid, and separating equilibria induced by different ceilings.
Randolph Sloof   +2 more
wiley   +1 more source

Uneven Product Diversification: Explaining the Lag of Agricultural Economies

open access: yesInternational Economic Review, EarlyView.
ABSTRACT This paper documents that agricultural sectors diversify less than other manufacturing activities. A simple model shows that this difference can contribute to welfare divergence in a way that is qualitatively different to what results when uneven growth happens in the intensive margin.
Guzmán Ourens
wiley   +1 more source

Dynamics of High‐Growth Young Firms and the Role of Venture Capitalists

open access: yesInternational Economic Review, EarlyView.
ABSTRACT Motivated by the substantial growth and upfront investments of venture capital (VC)‐backed firms observed in administrative US Census data, this study develops a life‐cycle firm dynamics model. In the model, startups choose the source of financing from VC, angel investors, or banks, depending on their growth potential, and invest in innovation.
Yoshiki Ando
wiley   +1 more source

Home - About - Disclaimer - Privacy