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Persistent link: https://www.econbiz.de/10000958052
This paper investigates the relationship between financial development and firm size. The model shows that the efficiency of the financial system, measured by the level of monitoring costs, affects the extent of risk sharing within an economy and through this channel the availability of external...
Persistent link: https://www.econbiz.de/10001622437
benchmark, we estimate that removal of these barriers would increase the productive labor supply in Japan by some 13 to 18 …
Persistent link: https://www.econbiz.de/10001673633