Outputs (662)

Trade and management (2020)
Journal Article
Bloom, N., Manova, K., Van Reenen, J., Sun, S. T., & Yu, Z. (2021). Trade and management. Review of Economics and Statistics, 103(3), 443-460. https://doi.org/10.1162/rest_a_00925

We study how management practices shape export performance using matched production-trade-management data for Chinese and American firms and a randomized control trial in India. Better managed firms are more likely to export, sell more products to mo... Read More about Trade and management.

Inferential theory for heterogeneity and cointegration in large panels (2020)
Journal Article
Trapani, L. (2020). Inferential theory for heterogeneity and cointegration in large panels. Journal of Econometrics, 220(2), 474-503. https://doi.org/10.1016/j.jeconom.2020.04.010

© 2020 Elsevier B.V. This paper provides an estimation and testing framework to assess the presence and the extent of slope heterogeneity and cointegration when the units are a mixture of spurious and/or cointegrating regressions. We propose two mome... Read More about Inferential theory for heterogeneity and cointegration in large panels.

Who Acquires Information in Dealer Markets? (2020)
Journal Article
Rüdiger, J., & Vigier, A. (2020). Who Acquires Information in Dealer Markets?. American Economic Review, 110(4), 1145-1176. https://doi.org/10.1257/aer.20170690

We study information acquisition in dealer markets. We first identify a one-sided strategic complementarity in information acquisition: the more informed traders are, the larger market makers' gain from becoming informed. When quotes are observable,... Read More about Who Acquires Information in Dealer Markets?.

Estimating and testing the multicountry endogenous growth model (2020)
Journal Article
De Visscher, S., Eberhardt, M., & Everaert, G. (2020). Estimating and testing the multicountry endogenous growth model. Journal of International Economics, 125, Article 103325. https://doi.org/10.1016/j.jinteco.2020.103325

© 2020 Elsevier B.V. We estimate Cobb-Douglas production functions that parameterize unobserved total factor productivity as a global technology process interacted with country-specific absorptive capacities. In contrast to the existing literature we... Read More about Estimating and testing the multicountry endogenous growth model.

Sequential testing for structural stability in approximate factor models (2020)
Journal Article
Barigozzi, M., & Trapani, L. (2020). Sequential testing for structural stability in approximate factor models. Stochastic Processes and their Applications, 130(8), 5149-5187. https://doi.org/10.1016/j.spa.2020.03.003

We develop a monitoring procedure to detect changes in a large approximate factor model. Letting r be the number of common factors, we base our statistics on the fact that the(r + 1)-th eigenvalue of the sample covariance matrix is bounded under the... Read More about Sequential testing for structural stability in approximate factor models.

Bank capital, financial stability and Basel regulation in a low interest-rate environment (2020)
Journal Article
Rubio, M., & Yao, F. (2020). Bank capital, financial stability and Basel regulation in a low interest-rate environment. International Review of Economics and Finance, 67, 378-392. https://doi.org/10.1016/j.iref.2020.02.008

The current low interest-rate environment poses new challenges to international bank regulation policies. This paper analyzes the role of the Basel regulation in this new context. We study this issue by using a DSGE model with housing and collateral... Read More about Bank capital, financial stability and Basel regulation in a low interest-rate environment.

Altruism, fast and slow? Evidence from a meta-analysis and a new experiment (2020)
Journal Article
Fromell, H., Nosenzo, D., & Owens, T. (2020). Altruism, fast and slow? Evidence from a meta-analysis and a new experiment. Experimental Economics, 23, 979–1001. https://doi.org/10.1007/s10683-020-09645-z

Can we use the lens of dual-system theories to explain altruistic behavior? In recent years this question has attracted the interest of both economists and psychologists. We contribute to this emerging literature by reporting the results of a meta-st... Read More about Altruism, fast and slow? Evidence from a meta-analysis and a new experiment.

More giving or more givers? The effects of tax incentives on charitable donations in the UK (2020)
Journal Article
Almunia, M., Guceri, I., Lockwood, B., & Scharf, K. (2020). More giving or more givers? The effects of tax incentives on charitable donations in the UK. Journal of Public Economics, 183, Article 104114. https://doi.org/10.1016/j.jpubeco.2019.104114

This paper estimates the effects of tax incentives on charitable contributions in the UK, using the universe of self-assessment income tax returns between 2005 and 2013. We exploit variation from a large reform in 2010 to estimate intensive- and exte... Read More about More giving or more givers? The effects of tax incentives on charitable donations in the UK.

Do university technology transfers increase firms’ innovation? (2020)
Journal Article
García-Vega, M., & Vicente-Chirivella, Ó. (2020). Do university technology transfers increase firms’ innovation?. European Economic Review, 123, 103388. https://doi.org/10.1016/j.euroecorev.2020.103388

We investigate how technology transfers from universities to private firms influence firm innovativeness. Using data on R&D acquisitions from universities of more than 10,000 Spanish firms for the period 2005-2013 and applying propensity score matchi... Read More about Do university technology transfers increase firms’ innovation?.

Policy Effects of International Taxation on Firm Dynamics and Capital Structure (2020)
Preprint / Working Paper
Spencer, A. Policy Effects of International Taxation on Firm Dynamics and Capital Structure

This paper develops a quantitative open economy framework with dynamics, firm heterogeneity and financial frictions to study the impact of corporate tax reforms targeted at multinationals. The model quantifies their impact on productivity, GDP and we... Read More about Policy Effects of International Taxation on Firm Dynamics and Capital Structure.