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, 1997) is used to empirically implement the error correction catch-up dynamics. The application is to China's provinces … capita capital and per capita trade, which can account for China's economic growth miracle during the last two decades …
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Using data from 17 countries that have suffered a currency crisis, this paper studies firm-level leverage and performance measures before and after a crisis has occurred. We show that in the years preceding a currency crisis, companies that are expected to benefit from currency depreciations...
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