Using a unique firm-level data set for 27 Eurasian countries, we investigate whether perceptions of financial constraints, corruption and legal institutions affect firm size. Our results are consistent with Beck et al. (2006). We find that perceived financial constraints are the only factor...

In this article, we survey a growing body of evidence showing the effects of trust on the wealth of nations. It is important to understand the mechanisms through which trust affects the wealth of nations. This article suggests that trust has effects on the wealth of nations mainly through five...

In this paper we analyse the effect of financial integration on employment growth. The results show that financial integration increases employment growth relatively more in financially dependent industries when we use de jure measure of financial integration. Using de facto measures of...

In this paper, I examine whether financially integrated countries export relatively more in industries that depend heavily on external finance. I consider three different components of financial integration: international portfolio equity investments, foreign direct investments, and external...

In this paper, we investigate the effect of government ownership of banks on employment growth. Our empirical results show that government ownership of banks reduces employment growth in industries with higher job creation opportunities.

Our article investigates the effect of taxation on democracy. We exploit exogenous variation in taxation driven by wars from the pre-modern era and document a positive and highly significant first-stage relationship between pre-modern war casualties and taxation. Using this instrumental variable...