Showing 1 - 10 of 40
We investigate the causal relationship between judicial efficiency and firm size across Italian municipalities, exploiting spatial discontinuities in tribunals' jurisdiction for identification. Results show that halving the length of civil proceedings, average firm size would increase by around...
Persistent link: https://www.econbiz.de/10011125883
This paper traces the time series (?Growth of Firms?) tradition in the study of market structure and looks at how …
Persistent link: https://www.econbiz.de/10011071531
The Long-Term Consequences of Regional Specialization* What are the consequences of resource-based regional specialization, when it persists over a long period of time? While much of the literature argues that specialization is beneficial, recent work suggests it may be costly in the long run,...
Persistent link: https://www.econbiz.de/10010744966
The Great Aid Debate pits those who are radically opposed to foreign aid against those who champion its reform to achieve greater aid effectiveness. This paper offers an analysis of this debate by introducing a heuristic distinction between aid 'radicals' and aid 'reformers'. The radical...
Persistent link: https://www.econbiz.de/10010744969
This paper examines the frequency, pervasiveness, and determinants of product switching by US manufacturing firms. We find that one-half of firms alter their mix of five-digit SIC products every five years, that product switching is correlated with both firm- and firm-product attributes, and...
Persistent link: https://www.econbiz.de/10010745219
evidence on media markets, knowledge transmission, and city growth across Europe 1450-1600. The paper construct- s …-level supply induced by heterogeneous manager deaths is used to identify the impact of print media on city-level population growth …. Local access to printed merchants' manuals used in business education was particularly associated with growth. New micro …
Persistent link: https://www.econbiz.de/10010745227
We study the relation between firm growth and managerial incentive provision under moral hazard when a long-lived firm … provide incentives, but also when outside managers are at a comparative advantage to lead the firm through a new growth phase …-loaded compensation schemes. Growth-induced turnover can result in positive severance if the principal needs to incentivize the manager to …
Persistent link: https://www.econbiz.de/10010745265
The Long-Term Consequences of Regional Specialization* What are the consequences of resource-based regional specialization, when it persists over a long period of time? While much of the literature argues that specialization is beneficial, recent work suggests it may be costly in the long run,...
Persistent link: https://www.econbiz.de/10010745354
Bank mandated that a commercial bank can open a branch in a location with one or more bank branches only if it opens four … in locations with no bank branches. We show that between 1977 and 1990 this rule caused banks to open relatively more … exploit this fact to identify the impact of opening a rural bank on poverty and output. Our estimates suggest that the Indian …
Persistent link: https://www.econbiz.de/10010745415
In recent times there has been a renewed interest in relationships between redistribution, growth and welfare. Land … reforms have been central to strategies to improve the asset base of the poor in developing countries thought their … appreciable impact on growth and poverty. The evidence presented suggests that land reforms do appear to be associated with …
Persistent link: https://www.econbiz.de/10010746031