The number of (registered) commercial banks in Russia increased at a fast pace after the 1988 banking reform. Many of these banks lacked supervision and operated with dangerously low funding capital. In this paper we investigate the determinants of the hazard rates of banks active on the...

Following a centuries-long decline in the rate of self-employment, a remarkable discontinuity in this downward trend since the 1970s and 1980s for many advanced economies seems beyond doubt. In some of these countries we even see a downright and ongoing revival of selfemployment. At the same...

Conditional logit analysis of the locational choice by Japanese electronics firms in China''s regions and provinces during 1990-1995 confirms a major impact of general industry, Japanese, and keiretsu-specific agglomeration benefits. Further analysis reveals a substantial aggregation bias due to...

In the present paper we address the relationship between the extent of business ownership, or as we use interchangeably self-employent, and economic growth.