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same city with a simple model. The model predicts a significant positive local employment multiplier that increases in size … city with 3.7% unemployment the average local employment multiplier is 0.91 for current inhabitants and 0.60 for migrants …. And in a city with 8.4% unemployment the average local employment multiplier is 1.82 for current inhabitants and 0.23 for …
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Brazil's 2005 bankruptcy law reform strengthened creditor protection, resulting in a substantial acceleration of credit expansion and business investment growth. In this paper, we go beyond average effects and examine to what extent the pro-creditor reform affected the allocation of resources...
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