romantic view, these firms would become the engine of economic growth if not stopped by government regulation. According to the … inefficient, do not pose much threat to the formal firms, but also do not contribute to economic growth, which is driven by the … development, growth comes from the creation of the highly productive formal firms. Informal firms keep millions of people alive …

this view. The years 2004-2011, which include the recent crisis, were not part of the initial study and offer a laboratory … at the top (ex ante) did closely track the evolution of average firm value during those years. During the crisis (2007 …

-discovery process remain a puzzle as well. Many "inefficiencies" and events of the financial crisis suggest too little rather than too …

passive demand accumulation, and that within-firm spillovers affect demand levels but not growth …

to study how these costs affect firms' responses to policy changes. We find that companies primarily adjusted on the … intensive margin: the firms that began to lobby for immigration were those who were sensitive to H-1B policy changes and who …

We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth … regularities regarding innovation and growth differences across the firm size distribution. We also incorporate patent citations … and small firms have relatively higher growth spillover effects …