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size and specialization of firms and the pattern of interfirm trade. Endogenous growth is driven by capital accumulation …
Persistent link: https://www.econbiz.de/10005547940
The paper develops a dynamic, general equilibrium model of specialization-driven growth in which the private cost of … coordinating among specialists is a function of public expenditure on physical and institutional infrastructure. Growth is … growth, the secular rise of government's share of output, in terms of the economic role of the government. …
Persistent link: https://www.econbiz.de/10005547942
I investigate the link between business regulatory reforms and economic growth in 172 countries. I create a five year … regulatory reforms increase economic growth, using data on micro-economic reforms. These data do not suffer the endogeneity … that business regulatory reforms are good for economic growth. The paper establishes that, on average, each business …
Persistent link: https://www.econbiz.de/10010635155
Over half of all workers in the developing world are self-employed. Although some self-employment is chosen by entrepreneurs with well-defined projects and ambitions, roughly two thirds results from individuals having no better alternatives. The importance of self-employment in the overall...
Persistent link: https://www.econbiz.de/10011025688