Can state-owned banks spur development? Gerschenkron (1962) identified the State Bank of the Rus- sian Empire as the main institutional driver of the country's catch-up industrialization. In this paper, we test this assertion by evaluating the outcome of a policy experiment (1892-1903) under the...

It is widely acknowledged that young ventures and fast growing firms have a strong impact on economic growth and employment creation. It is not only entrepreneurial dynamics associated to entry and exit of new ventures, but also the ability of firms to survive and grow, that is important for...

The aim of this chapter is to identify how different productive policies in Latin America considered regional development and how they impacted on regional development. Different productive policy periods since 1890 are identified and examples on how they considered regional development are...