This study investigates the influencing mechanism of market size on firms’ technological innovation using a dynamic model with firm heterogeneity and industrial policy distortion. Using micro-data on Chinese automobile enterprises, we find that the market size affects firms’ technological...

This paper examines how banking competition affects the transmission of monetary policy through the bank lending channel. Using bank-level panel data for commercial banks of ten Asian countries and ten Latin American countries during the period from 1996 to 2006, we apply a two-step estimation...