This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through … finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç …) hypotheses that English common-law countries tend to have better developed financial intermediaries than French civil-law …

This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through … finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç …) hypotheses that English common-law countries tend to have better developed financial intermediaries than French civil-law …

This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through … finance. It is a natural extension of “Law and finance: why does legal origin matter?” by Thorsten Beck, Asli Demirgüç …) hypotheses that English common-law countries tend to have better developed financial intermediaries than French civil-law …

In the classical literature of innovation-based endogenous growth, the main engine of long run economic growth is firm … strength of this trade-off. In order to study this relationship, we build a general equilibrium endogenous growth model with … framework to two important debates in the growth literature. First, we show that corporate taxation has only a weak effect in …

Previous research has found a negative effect of corruption on growth in the United States. However, some theory … whether the corruption-growth link is conditional on the extent of government involvement across U.S. states. Even though no … corruption’s harmful effects on growth are smaller when regulation is greater. …

face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate … patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …

face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate … patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …