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Persistent link: https://www.econbiz.de/10013552677
We present a meta-analysis of the impact of higher capital requirements imposed by regulatory reforms on the macroeconomic activity (Basel III). The empirical evidence derived from a unique dataset of 48 primary studies indicates that there is a negative, albeit moderate GDP level effect in...
Persistent link: https://www.econbiz.de/10011810685
In estimating agglomeration benefits across five OECD countries, this paper represents the first empirical analysis that contrasts cross-country evidence on agglomeration benefits with the productivity impact of metropolitan governance structures, while taking into account the potential sorting...
Persistent link: https://www.econbiz.de/10011810696
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the outcome of a policy experiment (1892-1903) under the reformist Finance Minister Sergei Witte. The policy utilized the … established branch network of the state banking system to extend cheap credit directly to industrial plants. We exploit variation … results show that improved access to public banking led to faster growth in factory-level output, mechanization, and labor …
Persistent link: https://www.econbiz.de/10013179329