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The Sources of Capital Misallocation in Europe *

Social Science Research Network
This paper decomposes the sources of capital misallocation at the country and industry level in Europe. Using a comprehensive dataset of European firms from 19 countries, we find that the majority of the observed misallocation stems from persistent firm ...
S. Byrne, Robert Goodhead
semanticscholar   +1 more source

Institutional Distance and Trade Cooperation: Empirical Evidence from India and its Partner Countries

Arthaniti-Journal of Economic Theory and Practice
The present study analyses the effect of differences in government effectiveness, political stability, rule of law, voice and accountability, control of corruption and regulatory authority on bilateral trade. Based on the data collected for India and its
S. H. Wani, S. Bhat, Md. Sarafraz Equbal
semanticscholar   +1 more source

Justice Matters: Equality-Efficiency Tradeoff in Principles of Macroeconomics

The Review of Radical Political Economics
Students who are trained in standard macroeconomics often prioritize economic efficiency over other values, such as justice. Most of them believe that to achieve higher efficiency, a society needs to sacrifice economic justice.
Tanadej Vechsuruck
semanticscholar   +1 more source

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