ABSTRACT This Paper Intends To Describe The Main Causes Of The Virtuous Economic Expansion Of The Golden Age Of Capitalism (1948-1973). The Study Highlights That Some Important Institutional And Poli
This paper takes the risk preference of modern listed companies as the research object, uses the financial data of Chinese listed companies combined with the literary inquisition file in Qing Dynasty
Replication materials for "Quantifying The Impact of Red Tape on Investment: a Survey Data Approach" (Pellegrino and Zheng, 2023, forthcoming in the Journal of Financial Economics)
While both cultural and legal norms (institutions) help foster cooperation, culture is the more primitive of the two and itself sustains formal institutions. Cultural changes are rarer and slower than
We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and human capital accumulation lead to institutional improvement. We find that most i
