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024 39351419
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Pham Hoang Van
Regulatory Versus Natural Endogenous Sunk Costs: Observational Equivalence In Rationalizing Lower Bounds...
Xuất bản: 27 July, 2022
We propose a theory of `regulatory endogenous sunk costs’ (RESC), in which a captured regulator raises minimum quality standards when market size increases in order to protect incumbent rms. Our RESC theory’s predictions that market size...
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View abstractCan FDI Be Bad for Growth?
Xuất bản: 27 July, 2022
We find a curious negative casual relationship between foreign direct investment (FDI) and total factor productivity growth (TFPG) across the world for the period 1996-2009. The relationship is robust to specifications in which we instrument for FDI using...
Wal-Mart as Catalyst to U.S.-China Trade
Xuất bản: 27 July, 2022
Retail chains and imports of consumer goods from developing countries have grown sharply over the past 25 years. Wal-Mart’s sales, which currently account for 15% of U.S. imports of consumer goods from China, grew 90-fold over this period, while U.S....