The present article links business takeovers to the literature on serial autocorrelation of growth rates. The aim of the study is to identify the effects of successions on the performance of small German firms by analysing the growth pathways over a period of eight years after business takeover....

This paper discusses the Growth Diagnostics approach developed by Hausmann, Rodrik and Velasco. The approach suggests an analytical framework to identify the most binding constraints that hamper economic growth in a specific country at a specific point in time. Aiming at higher-order principles...

Mexico's financial sector transformed significantly over the last three decades. The shift from cross-border towards domestic financing and, domestically, from bank to bond financing can be seen as the main contributor to this development. The main challenge of attracting international and...