|
EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/52121
|
| | |
| Title: | | Business conditions and default risks across countries  |
| Authors: | | Pflüger, Michael P. Russek, Stephan |
| Issue Date: | | 2011 |
| Series/Report no.: | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5541 |
| Abstract: | | The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main contribution is to set up a general equilibrium model which allows us to derive sharp predictions concerning how key factors which shape a country's business and trade environment impact on the default risk of firms which operate in these environments. The predictions are in accord with readily available data. |
| Subjects: | | firm death firm heterogeneity business conditions and firm productivity trade integration |
| JEL: | | F12 F13 F15 L25 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-201104133551 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/52121
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|