Using firm level data, the authors examine how global industrial concentration has changed over the last decade in relation to the rise of China. Between 2006 and 2014, global concentration has declined in most industries and is falling on average across all industries, while firms at the top of...

The empirical literature on the relationship between democracy and growth has yielded conflicting results. Cross-country studies have failed to identify a significant impact of democracy on growth, while within-country studies have found a strong positive effect of the transition to democracy on...

00 - Overview RPPC -- 000 - FM RPPC -- 01 - Ch 1 RPPC -- 02 - Ch 2 RPPC -- 03 - Ch 3 RPPC -- 04 - Ch 4 RPPC -- 05 - Ch 5 RPPC -- 06 - Ch 6 RPPC -- 07 - Ch 7 RPPC -- 08 - Ch 8 RPPC -- 09 - Ch 9 RPPC -- 10 - Ch 10 RPPC -- 11 - References RPPC -- 12 - Index RPPC

We examine the relationship between openness and per-capita income using cross-country data from 126 countries. We find that trade leads to a higher standard of living in flexible economies, but not in rigid economies. Business regulation, especially on firm entry, is more important than...