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Persistent link: https://www.econbiz.de/10003408841
"This paper revisits a central issue in entrepreneurial finance, namely the signals technology startups send to external investors to convey information about their quality. We examine the potential for technology startups to use patents and founders, friends and family money (FFF money) as...
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We explore the question of how political institutions and particularly democracy affect economic growth. Although empirical evidence of a positive effect of democracy on economic performance in the aggregate is weak, we provide evidence that democracy influences productivity growth in different...
Persistent link: https://www.econbiz.de/10003486864
"This paper re-explores the relation between a country's level of wealth and the mix of products it exports. We argue that both are simultaneously determined by countries' capabilities i.e. by countries' productivity and quality levels for each good. Our theoretical setup has two features. (1)...
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"Financial innovation has been both praised as the engine of growth of society and castigated for being the source of … the weakness of the economy. In this paper, we review the literature on financial innovation and highlight the … similarities and differences between financial innovation and other forms of innovation. We also propose a research agenda to …
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