This paper analyzes the implications of advertising for firm dynamics and economic growth through its interaction with R&D. We develop a model endogenous heterogeneity that incorporates decisions calibrate it to match several empirical regularities across size. Our provides microfoundations empirically observed negative relationship between both R&D intensity In calibrated model, about ...

Abstract We analyze the supply-side disruptions associated with COVID-19. find that sectors in which a higher fraction of workforce is not able to work remotely experienced greater declines employment and expected revenue growth, worse stock market performance, likelihood default. The overweights low-exposure industries. Thus, our findings cast light on disconnect between indices aggregate outc...

Many e-government initiatives introduce technology to improve efficiency and avoid potential human bias. Using experimental variation, we examine the impact of electronic tax filing (to replace in-person submission officials) using data from Tajikistan firms. E-filing reduces time firms spend on taxes by 40 percent. Further, among previously more likely evade, e-filing doubles paid. Conversely,...

The investigation of an outbreak of hemorrhagic-uremic syndrome in Norway in 2006 indicated that the outbreak strain Escherichia coli O103:H25 could originate from sheep. A national survey of the Norwegian sheep population was performed, with the aim of identifying and describing a possible reservoir of potentially human-pathogenic E. coli O103, in particular of the H types 2 and 25. The invest...

To finance unemployment insurance, states raise payroll tax rates on employers who engage in layoffs. Tax are, therefore, highest for firms after downturns, potentially hampering labor-market recovery. Using full-population, administrative records from Florida, I estimate the effect of these increases firm behavior leveraging a regression kink design schedule. hikes reduce hiring and employment...

The ipaH loci comprise a multicopy antigen gene family unique to Shigella species and enteroinvasive Escherichia coli (EIEC). DNA probes derived from the Shigella flexneri serotype 5 ipaH7.8 gene were used to compare the molecular arrangement of ipaH alleles in a variety of Shigella and EIEC strains. Multiple copies of ipaH-homologous sequences were detected in all invasion plasmids examined. O...

Cet article analyse la contribution fiscale d’un grand nombre d’entreprises maliennes (3 474) qui représentent totalité du secteur formel de ce pays. En utilisant des données individuelles collectées à partir bilans et comptes résultat, nous estimons les déterminants taux d’imposition implicites tels que taille l’entreprise, sa loc...

This paper analyzes the existing asymmetry in the US corporate tax law governing the determination of foreign tax credits earned by US firms with foreign subsidiaries. The existing asymmetry results in the US government de facto holding foreign currency put options against US firms with foreign subsidiaries. Combined with the exchange rate volatility, this tax law asymmetry reduces the effectiv...