How does capital account liberalization impact on firm employment? Using a firm level panel data set that covers over 60 countries between 1982 and 2014, we find a statistically significant effect of capital account liberalization on firm employment. The magnitude of the impact is economically...

We illustrate that a statistical model can be used to gauge the degree of market integration. The model is applied to the case of China, which is undergoing transition from a central planning to a market economy and there is a growing interest as to the evolution of its market integration

Market reforms can improve a country’s aggregate productivity growth by reallocating resources from the less to more productive firms. However, not all market reforms end up generating the intended resource reallocation effect. This paper investigates how regional monopolies have limited the...