In this paper, we argue that costly external financing for entrepreneurial investments (coupled with potentially high returns on those investments) has important implications for the saving, investmen
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in which housing price changes work as a "wealth effect". In such models, windfall
Recent empirical work shows large consumption responses to house price movements. This is at odds with a prominent theoretical view which, using the logic of the permanent income hypothesis, argues th
The files in this collection will allow one to reproduce the results in the paper, "DOES FDI PROMOTE ENTREPRENEURIAL ACTIVITIES? A META-ANALYSIS". The README file provides more details.