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investment opportunities drive the cross-sectional variation in the post-liberalization investment increases …
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Has financial liberalization improved the efficiency with which investment funds are allocated to competing uses? In … of the efficiency of investment allocation that measures whether, and to what extent, investment funds are going to firms … efficiency with which investment funds are allocated …
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Has financial liberalization improved the efficiency with which investment funds are allocated to competing uses? In … index of the efficiency of investment allocation that measures whether, and to which extent, investment funds are going to … investment funds are allocated. This conclusion holds after a series of robustness checks and is consistent with firm level …
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