Some recent empirical findings suggest that there are intrinsic links between the statistical regularities regarding cohort survival patterns, the persistence of firm turnover, and shakeout during an industry life-cycle. This paper presents a theoretical model which explains these regularities...

While political instability is broadly believed to be bad for economic growth., firm performance and foreign direct investment, few studies convincingly identify the causal impact of conflict on firms and export performance. In this paper, we analyze the impact of the Kenyan post-election...

Die globale Armut ist allgegenwärtig: Die unheilvolle Allianz von Korruption und Gewalt stellt sich dem wirtschaftlichen Fortschritt gerade in Entwicklungsländern in den Weg. Die Rede ist von Warlords in Afrika, chinesischen Schmugglern und Diplomaten, die ihre Strafzettel nicht zahlen: Wenige...