Firm-Specific Information and the Efficiency of Investment
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We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points. Cross
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美国国家经济研究局创建时间:
2006-05-01



