the purpose of this study is to evaluate the effect of globalization on the cost of capital accepted companies in tehran stock exchange (tse(. in this regard, the degree of trade openness as an index the globalization of trade and other control variables such as firm size, the ratio of fixed assets to total assets, instantaneous ratio and the ratio of debts to total of equity has been used for ...

The paper studies the short run and long run effects of a production subsidy to the tourism sector of a small open economy, which can also be thought as a region within a country. We introduce a two-sector dynamic general equilibrium model where the tourism sector is considered to be labor-intensive and produces traded services. The other sector is capital-intensive and produces a nontraded goo...

Knowledge workers are critical for the production of goods and services in the information economy, and thus investment in human capital plays an increasingly important role in economic growth. Since firms cannot directly own human capital and cannot easily monitor or verify human capital investments made by their employees, they need to devise appropriate incentives to attract skilled employee...

This study aims to test the effect of Capital Adequacy Ratio (CAR), Loan Deposit (LDR), and Operational Efficiency (OER) on Return Assets (ROA) during Covid-19 pandemic. utilizes a purposive sampling method using population National Private Commercial Banks (NPCB) for foreign exchange listed Indonesia Stock Exchange (IDX). The data used is Annual Report 2019-2020 period which has been published...

In this paper we show that firms’ market power and flexibility in the utilization of capital crucially affect how investment-specific technology (IST) shocks impact asset prices. We develop a two-sector general equilibrium model in which households have recursive preferences and obtain three main results. First, the equilibrium price of risk for IST shocks changes sign from negative, under fixe...

We combine growth theory with US Census data on individual schooling and wages to estimate the aggregate return to human capital and human capital externalities in cities. Our estimates imply that a one-year increase in average schooling in cities increases their aggregate labor productivity by 8 to 11 percent. We find no evidence for aggregate human capital externalities in cities however. Our...