The key challenge to assessing the legal origins view of financial development is identifying exogenous changes in legal systems. We assemble new data on the British and French concessions in Shanghai between 1845 and 1936. Two regime changes altered the degree to which the British common and...

We assemble new data on the British and French concessions in Shanghai between 1845 and 1936 to assess the legal origins view of financial development. During this period, two regime changes altered the degree to which the British common and French civil law traditions held jurisdiction over the...

Railroad access can accelerate the technological progress in the industrial sector and therefore induce structural change and urbanization, the two common features of modern economic growth. I examine this particular mechanism in the context of Japanese railroad network expansion and modern...

This paper presents new micro-level data consisting of individual greenfield investment projects and mergers and acquisitions as a source for detailed analysis of service sector cross-border investment flows among the Asian Development Bank (ADB) regional members. The new transactional foreign...

This paper uses the adoption and invention of the spinning jenny as a test case to understandwhy the industrial revolution occurred in Britain in the eighteenth century rather than inFrance or India. It is shown that wages were much higher relative to capital prices in Britainthan in other...

This paper presents new micro-level data consisting of individual greenfield investment projects and mergers and acquisitions as a source for detailed analysis of service sector cross-border investment flows among the Asian Development Bank (ADB) regional members. The new transactional foreign...

The global market for LCA is shared by Boeing (United States) and Airbus SAS (France). This duopoly has remained unchallenged since 1997, as the costs of market entry have been prohibitive. In a highly unusual development, three RJ manufacturers Bombardier (Canada), Commercial Aircraft Company...

This paper presents new micro-level data consisting of individual greenfield investment projects and mergers and acquisitions as a source for detailed analysis of services sector cross-border investment flows among the Asian Development Bank (ADB) regional membership in Asia. The new...

This paper presents new micro-level data consisting of individual greenfield investment projects and mergers and acquisitions as a source for detailed analysis of service sector cross-border investment flows among the Asian Development Bank (ADB) regional members. The new transactional foreign...

Railroad access can accelerate the technological progress in the industrial sector and therefore induce structural change and urbanization, the two common features of modern economic growth. I examine this particular mechanism in the context of Japanese railroad network expansion and modern...