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China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and mis-governance of...
Persistent link: https://www.econbiz.de/10012462224
strongest in countries where management is dismissed in reorganization, and are observed in time-series analysis around changes … inhibiting management from undertaking risky investments …
Persistent link: https://www.econbiz.de/10012463080
We explore the relation between international financial integration and the level of entrepreneurial activity in a country. We use a unique firm level data set of approximately 24 million firms in nearly 100 countries in 2004 and 1999, which enables us to present both cross-country and industry...
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the main variables used, a report of results and tests, and discussion of the links among social capital, education …
Persistent link: https://www.econbiz.de/10012469648
In the United States, religious attendance rises sharply with education across individuals, but religious attendance … declines sharply with education across denominations. This puzzle is explained if education both increases the returns to … social connection and reduces the extent of religious belief. The positive effect of education on sociability explains the …
Persistent link: https://www.econbiz.de/10012470649
Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...
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