Legal Institutions, Sectoral Heterogeneity, and Economic Development
By R. Castro, G. Clementi, Glenn MacDonald. 2009
112 citations recorded by the source corpus.
View Paper: https://www.semanticscholar.org/paper/681014c79a2d09547bc5d2ef110210283ec7033e
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Citations in the corpus
- On Finance as a Theory of TFP, Cross-Industry Productivity Differences, and Economic Rents (2008, unknown): “In a recent paper, Castro et al. (2005) develop a theory in which countries with weaker investor protection also face a higher relative price of investment goods.”
- Capital misallocation in China: Financial frictions or policy distortions? (2018, background): “…those rm-speci c factors operating through nancial frictions and policy distortions, respectively, in determining the cost of external nancing facing rm i. 7For example, Bernanke and Gertler (1989), Castro et al. (2009), Greenwood et al. (2010), Greenwood et al. (2013) and Cole et al. (2015).”
- Quantifying the Impact of Financial Development on Economic (2010, unknown): “13 The model predicts a positive association between a country(cid:146)s rate of investment and its GDP; Castro et al. (2009, Figure 1) show that this is true.”
- FINANCE AND DEVELOPMENT: A TALE OF TWO SECTORS (2011, background): “That is, the industries that are large scale in the US have an The model of Castro et al. (2009) has a similar prediction on the relative scale of sectors, with scale being measured in terms of capital per establishment.”
- Entrepreneurship and Financial Frictions: A Macrodevelopment Perspective (2015, unknown): “Albuquerque and Hopenhayn (2004) solve a firm's dynamic contracting problem over time under limited commitment, while Clementi and Hopenhayn (2006) address dynamic contracts with i.i.d. private information.”