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This paper examines the relationship between the legal system and banking development and traces this connection through to long-run rates of per capita GDP growth, capital stock growth, and productivity growth. The data indicate that countries where the legal system (1) emphasizes creditor...
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technologically older, vintage capital in the airline industry. Using a panel of aircraft-level data around the world, we find that …
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technologically older, vintage capital in the airline industry. Using a panel of aircraft-level data around the world, we find that …
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