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This paper examines whether privatizing state-owned banks improves finance and economic growth. To do so, we exploit … growth after the emergence of bank finance. Results indicate that while privatized banking increased lending significantly …, it did not increase economic growth. However, privatization did increase growth when banks retained fewer political …
Persistent link: https://www.econbiz.de/10011065923
We develop a model of Schumpeterian growth where political connections with long-term politicians can be exploited by …
Persistent link: https://www.econbiz.de/10010279594
the first time the negative impact of cronyism on economic growth. In the early 2000s, a policy shift in Egypt led to the … 1996 and 2006 experienced lower aggregate employment growth during the period than those that did not. A wide array of …
Persistent link: https://www.econbiz.de/10011786377
This working paper reviews recent empirical evidence on large firms and nonproductive strategies that hinder creative destruction and reallocation. The focus is on three types of nonproductive strategies: political connections, nonproductive patenting, and anticompetitive acquisitions. Across...
Persistent link: https://www.econbiz.de/10012819000
the first time the negative impact of cronyism on economic growth. In the early 2000s, a policy shift in Egypt led to the … 1996 and 2006 experienced lower aggregate employment growth during the period than those that did not. A wide array of …
Persistent link: https://www.econbiz.de/10011544875
Persistent link: https://www.econbiz.de/10010512003
Persistent link: https://www.econbiz.de/10011293091
This working paper reviews recent empirical evidence on large firms and nonproductive strategies that hinder creative destruction and reallocation. The focus is on three types of nonproductive strategies: political connections, nonproductive patenting, and anticompetitive acquisitions. Across...
Persistent link: https://www.econbiz.de/10012649571
We study the effects of diverse team composition on the survival and growth of new ventures using the Danish Linked … growth. Pairs of younger individuals have lower survival chances but higher employment growth. Family firms have lower …-educated secondary founder have high employment growth, while the opposite combination (Business first, STEM second) has low employment …
Persistent link: https://www.econbiz.de/10010599041
firm growth, survival, size and age. While these studies have resulted in findings that aresufficiently consistent as to … therelationships between firm age and size on the one hand, and survival and growth on the other may, infact, not be the same in …. The resultssuggest that the most fundamental relationships between firm size, age, survival and growth arestrikingly …
Persistent link: https://www.econbiz.de/10011256423