I study the relation between corporate diversification and labor productivity in a sample of over 600,000 firms from 89 … countries. Across the entire sample, greater diversification is associated with significantly lower labor productivity. Contrary … to theories emphasizing the inefficient use of labor in diversified firms, the negative relation between diversification …

Several studies have documented a negative relationship between democracy and volatility. The latter is usually … institutions, macroeconomic policies and financial development, we find that democracy is the most robust predictor of a country … entry for new firms. This leads to less sectoral diversification: fewer sectors are operated but more resources are …

Economic diversification has gained significant attention as a crucial factor for sustainable development worldwide … diversification for Mongolia. By comparing Mongolia with its designated aspirational and structural peers, the paper aims to shed … light on strategies that can foster economic and societal diversification in the country. Although Mongolia possesses …

This paper examines how democracy affects long-run growth by influencing the quality of governance. Empirical evidence … countries. A general equilibrium, endogenous growth model is then built to show how a governance improving democracy raises … showing that democracy is in fact a significant determinant of total factor productivity (TFP) growth between 1960 and 1990 in …

This paper studies the role of direct democracy in ensuring efficient and cost effective provision of goods and … public goods, and applying a fully non-parametric approach to estimate local government overall efficiency, the analysis … shows that more direct democratic activity is associated with higher government efficiency. This result suggests that more …

dataset of 10 ASEAN countries from 1980 to 2017, this study examines the productivity and efficiency of the ASEAN economies … productivity index to provide estimates of gross technical efficiency, technical progress and returns to scale change, while taking … into account of transient and persistent efficiency. The results show that there is room for efficiency gains, as the ASEAN …

the data. The population growth rate negatively affects economic growth for all economies, but democracy has mixed effects …

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980-2014 show that democracy had a robust positive impact on economic …