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Do Entrepreneurs Matter?
Becker, Sascha O.; Hvide, Hans K. - CESifo - 2013
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of … performance. Using longitudinal data, we find large and sustained effects of entrepreneurs at all levels of the performance … suggest that an often overlooked factor - individual entrepreneurs - plays a large role in affecting firm performance. …
Persistent link: https://www.econbiz.de/10010607007
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Was Weber Wrong? A Human Capital Theory of Protestant Economic History
Becker, Sascha O.; Woessmann, Ludger - CESifo - 2007
Max Weber attributed the higher economic prosperity of Protestant regions to a Protestant work ethic. We provide an alternative theory, where Protestant economies prospered because instruction in reading the Bible generated the human capital crucial to economic prosperity. County-level data from...
Persistent link: https://www.econbiz.de/10005094299
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Catch Me If You Can: Education and Catch-up in the Industrial Revolution
Becker, Sascha O.; Hornung, Erik; Woessmann, Ludger - CESifo - 2009
Existing evidence, mostly from British textile industries, rejects the importance of formal education for the Industrial Revolution. We provide new evidence from Prussia, a technological follower, where early-19th-century institutional reforms created the conditions to adopt the exogenously...
Persistent link: https://www.econbiz.de/10008583719
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Issues for Renminbi Internationalization : An Overview
Eichengreen, Barry; Kawai, Masahiro - East Asian Bureau of Economic Research (EABER) - 2014
The growing weight of the People’s Republic of China (PRC) in the world economy, measured by gross domestic product …-denominated bond issuance in Hong Kong, China, but that RMB internationalization is still limited due to capital account controls. The … supervision—which in turn would call for greater exchange rate flexibility so that the People’s Bank of China (PBOC) can enjoy …
Persistent link: https://www.econbiz.de/10011134343
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Issues for Renminbi Internationalization : An Overview
Eichengreen, Barry; Kawai, Masahiro - East Asian Bureau of Economic Research (EABER) - 2014
The growing weight of the People’s Republic of China (PRC) in the world economy, measured by gross domestic product …-denominated bond issuance in Hong Kong, China, but that RMB internationalization is still limited due to capital account controls. The … supervision—which in turn would call for greater exchange rate flexibility so that the People’s Bank of China (PBOC) can enjoy …
Persistent link: https://www.econbiz.de/10011134377