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We argue that social capital as proxied by trust increases aggregate productivity by affecting the organization of firms. To do this we collect new data on the decentralization of investment, hiring, ...
REGULATION, INVESTMENT, AND GROWTH ACROSS COUNTRIES
economic freedom long-run economic growth government regulation
2008/11/5
Numerous studies have explored the relationship between economic
freedom and long-run economic growth across countries.1
One particular aspect of economic freedom that has received
relatively littl...