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Does Trade Foster Contract Enforcement?
Anderson, James E. - 2008
Contract enforcement is probabilistic, but the probability depends on rules and processes. A stimulus to trade may induce traders to alter rules or processes to improve enforcement. In the model of this paper, such a positive knock-on effect occurs when the elasticity of supply of traders is...
Persistent link: https://www.econbiz.de/10012771786
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Does Compulsory Licensing Discourage Invention? Evidence from German Patents after Wwi
Baten, Joerg - 2015
This paper investigates whether compulsory licensing – which allows governments to license patents without the consent of patent-owners – discourages invention. Our analysis exploits new historical data on German patents to examine the effects of compulsory licensing under the US...
Persistent link: https://www.econbiz.de/10013017928
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Wall Street's First Corporate Governance Crisis : The Panic of 1826
Hilt, Eric - 2010
In July of 1826, several prominent Wall Street firms abruptly went bankrupt, amid scandalous revelations of fraudulent financial practices by their management. Although mostly forgotten today, these events represented a watershed in the early development of the corporation laws and investor...
Persistent link: https://www.econbiz.de/10012757536
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The Rise of the Regulatory State
Glaeser, Edward L.; Shleifer, Andrei - 2021
During the Progressive Era at the beginning of the 20th century, the United States replaced litigation by regulation as the principal mechanism of social control of business. To explain why this happened, we present a model of choice of law enforcement strategy between litigation and regulation...
Persistent link: https://www.econbiz.de/10013246364
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The Degree of Judicial Enforcement and Credit Markets : Evidence from Japanese Household Panel Data
Horioka, Charles Yuji - 2010
In this paper, we conduct an empirical analysis of the impact of better judicial enforcement on the probability of being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel Survey of Consumers, conducted by the Institute for Research...
Persistent link: https://www.econbiz.de/10013149297
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When Fast Growing Economies Slow Down : International Evidence and Implications for China
Eichengreen, Barry - 2011
, a level that China should achieve by or soon after 2015. Among our more provocative findings is that growth slowdowns …
Persistent link: https://www.econbiz.de/10013127765
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The Promise of Beijing : Evaluating the Impact of the 2008 Olympic Games on Air Quality
Chen, Yuyu - 2011
To prepare for the 2008 Olympic Games, China adopted a number of radical measures to improve air quality. Using …
Persistent link: https://www.econbiz.de/10013127978
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Firm Exports and Multinational Activity Under Credit Constraints
Manova, Kalina - 2011
sectoral pattern of multinational activity. Using detailed customs data from China, we show that foreign affiliates and joint …
Persistent link: https://www.econbiz.de/10013127980
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Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market
Deng, Yongheng - 2011
, China's stimulus boosted real GDP growth from an annualized 6.2% in the first quarter of 2009 trough to 11.9% in the first … speed and efficacy of China's stimulus derives from state control over its banking system and corporate sector. Beijing …, fueling a real estate bubble; and that China's seemingly highly effective macroeconomic stimulus package may well have induced …
Persistent link: https://www.econbiz.de/10013128599
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Demographic Patterns and Household Saving in China
Curtis, Chadwick - 2011
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We …
Persistent link: https://www.econbiz.de/10013129127