Using detailed firm-product level quarterly data, we develop an estimation framework of a Multi-Product Production … estimation results, we relate productivity estimates with import competition, using firm and product level measures of import …

techniques might not be able to replace sound economic theory but they help separating the wheat from the chaff when it comes to …

Starting from a discussion of Schumpeter's analysis of the relationships of capitalism, socialism and democracy, it is … shown that, in a complex society, democracy is only compatible with a decentralized market economy with safe property rights …. But in time democracy shows a tendency to weaken the capitalist system by more and more regulations and an ever …

expansions. Hence, too much and too little democracy can be bad for growth. Furthermore, economic growth may naturally lead to …