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New tools in comparative political economy : the database of political institutions
This article introduces a large new cross-country database, the database of political institutions. It covers 177 countries over 21 years, 1975-95. The article presents the intuition, construction,
A New Database on Financial Development and Structure
The authors introduce a new database of indicators of financial development and structure across countries and over time. This database is unique in that it unites a variety of indicators that
Financial and Legal Constraints to Growth: Does Firm Size Matter?
Using a unique firm-level survey database covering 54 countries, we investigate the effect of financial, legal, and corruption problems on firms' growth rates. Whether these factors constrain growth
Financial Development and International Trade: Is There a Link?
  • T. Beck
  • Economics, Business
  • 30 November 1999
The author explores a possible link between financial development and trade in manufactures. His theoretical model focuses on the role of financial intermediaries in facilitating large-scale,
Finance, inequality and the poor
Financial development disproportionately boosts incomes of the poorest quintile and reduces income inequality. About 40% of the long-run impact of financial development on the income growth of the
The determinants of financing obstacles
The authors use survey data on a sample of over 10,000 firms from 80 countries to assess (1) how successful a priori classifications are in distinguishing between financially constrained and
Industry Growth and Capital Allocation: Does Having a Market- or Bank-Based System Matter?
Are market-based or bank-based financial systems better at financing the expansion of industries that depend heavily on external finance, facilitating the formation of new establishments, and