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This paper predicts that local wage distributions will contract with an improvement in amenities by imposing structure on the standard model of amenity capitalization with multiple worker types (Roback in Econ Inq 26(1):23–41, 1988). The added structure is Ellickson’s (Am Econ Rev 61(2):334–339,...
This study provides an alternative examination into the dynamics of US venture capital investments across different geographical markets. A simple concentration index is developed to measure the size of venture capital investments by region relative to the US total venture capital investments....
This paper discusses the effects of size on business net change at the local unit level in Italy during the crisis started in 2008. The multifactor partitioning approach is proposed for the analysis. The results suggest that units employing 10–49 employees benefit from moderating effect due to...
Economic growth and the rule of law development are two important factors that affect the stringency of environmental policy. Due to the reversible causality between the two variables, a reduced-form relationship is likely to oversimplify their effects. This paper develops a equation system to...
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