Financial Frictions, Trade, and Misallocation
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This paper studies the effects of the capital controls imposed by Chile between 1991 and 1998, i.e. the Chilean encaje, on firms' production, investment ...
This paper studies the role of capital specificity and investment irreversibility on the distribution of marginal products of capital and aggregate TFP. ...
Countries di er greatly in their levels of schooling and also in their rates of entrepreneurship. At the same time, the share of the so-called \shadow ...