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We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign asset positions. We estimate this gravity equation...
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This paper overviews theoretical and empirical contributions that study political borders from an economic perspective. It reviews theories of the number and size of nations focused on the trade-off between economies of scale in public-good provision and heterogeneity of preferences over public...
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performance, the importance of social capital and trust for economic and political outcomes, and the connections between culture …, 135-40 -- Guido Tabellini (2008), 'Institutions and Culture', Journal of the European Economic Association, 6 (2-3), April …-May, 255-94 -- Amir N. Licht, Chanan Goldschmidt and Shalom H. Schwartz (2007), 'Culture Rules: The Foundations of the Rule of …
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