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Full-Text Articles in Social and Behavioral Sciences
Growing Through The Merger And Acquisition, Jianhuan Xu
Growing Through The Merger And Acquisition, Jianhuan Xu
Research Collection School Of Economics
The paper studies with an endogenous growth model how the merger and acquisition (M&A) affects the aggregate growth rate. We model the M&A as a capital reallocation process, which can increase both productivity and growth rates of firms. The model is tractable and greatly consistent with patterns observed in the M&A at the micro level. Matching our model to the data, we find that prohibiting the M&A would lead to the reduction of the aggregate growth rate of US economy by 0.1% and the reduction of the aggregate TFP by 5%.
Growing Through The Merger And Acquisition, Jianhuan Xu
Growing Through The Merger And Acquisition, Jianhuan Xu
Research Collection School Of Economics
The paper studies with an endogenous growth model how the merger and acquisition (M&A) affects the aggregate growth rate. We model the M&A as a capital reallocation process, which can increase both productivity and growth rates of firms. The model is tractable and greatly consistent with patterns observed in the M&A at the micro level. Matching our model to the data, we find that prohibiting the M&A would lead to the reduction of the aggregate growth rate of US economy by 0.1% and the reduction of the aggregate TFP by 5%.
Growth And Poverty Traps: Examples From Literature, Danielle Chaloux
Growth And Poverty Traps: Examples From Literature, Danielle Chaloux
Honors Scholar Theses
The writings of Charles Dickens, Emile Zola, Knut Hamsun, and Laura Ingalls Wilder capture humanity on the page. The characters in the works of these authors are confronted by realistic or autobiographical situations and make choices based on history, personal preferences, societal pressures, and economic constraints, just as real-life individuals do. They can thus serve as data for illustrating the implications of economic models, specifically poverty traps. To do so, I will draw from Great Expectations (1861) by Charles Dickens, The Fat and the Thin (1873) by Emile Zola, Hunger (1890) by Knut Hamsun, and The First Four Years (1971) …
Monitoring The Philippine Economy Year-End Report For 2016, Mitzie Irene P. Conchada, Regina S. Villasor
Monitoring The Philippine Economy Year-End Report For 2016, Mitzie Irene P. Conchada, Regina S. Villasor
Angelo King Institute for Economic and Business Studies (AKI)
Philippine economic growth topped regional performance for 2016. In line with election-year market expectations, annual growth accelerated to 6.9 percent from 6.0 percent in 2015, surpassing China (6.7%) and Vietnam (6.2%). Despite the global economic slowdown, Philippine growth has continuously improved since 2015, showing resilience to external shocks with manufacturing expansion. On the demand side, household consumption and investments flourished with modest inflation and strong imports. On the supply side, the industry sector led as the service sector slowed down. Meanwhile, the agriculture sector continues to contract with the onslaught of weather disruptions like typhoons Karen and Lawin.