To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...

Traditional economic theory posits that a well functioning capital market is a necessary condition for industrialization and economic growth. However, in reality it is observed that micro and small enterprises are ubiquitous because entrepreneurs can set up business in low-return activities with...

Our research empirically explores the relative importance of firm size in fostering economic growth by using cross-sectional variation in the relative location of large and small firms in urban centres of employment. Our method compares the relative location of large and small firms between the...

The one-month confinement (or doing the month, DM) for post-partum women is a tradition that has been practiced for millennia in Chinese society. Tedious preparations and numerous procedures of DM incur high transaction costs when purchasing the service from the market. To assure the practice of...