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Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...
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This paper challenges established claims of comparable degrees of market integration in Europe and China on the eve of industrialization. Our empirical strategy focuses on the dynamics of price convergence and accounts for general equilibrium effects arising from common shocks and network...
Persistent link: https://www.econbiz.de/10011375678
How did Britain sustain faster rates of economic growth than comparable European countries, such as France, during the Industrial Revolution? We argue that Britain possessed an important but underappreciated innovation advantage: British inventors worked in technologies that were more central...
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One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk …
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We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …
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Why do entrepreneurship rates differ so markedly by gender? Using data from a large, representative German household … panel, we investigate to what extent personality traits, human capital, and the employment history influence the start …-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk …
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