<title>Abstract</title> We explain the firm downsizing trend of the recent decades by the new abundance of information -- the ICT revolution. Production processes differ in their information requirements: while decentralized production by means of market exchanges is information intensive, less information per...

Baumol (1990) famously argues that entrepreneurs are individuals who exploit opportunities, be they in the productive (enterprises) or the unproductive sector (lobbying, rent-seeking, corruption…), and that the prevalence of one or the other type of entrepreneurship depends on the quality of...

While the Asian Paradox literature evidences a grease-the-wheel effect of corruption on individual firm productivity growth, the results call into question the aggregate effect of individual bribery. A large literature analyzes the drivers of productivity growth at the firm and sector levels,...