Democratically elected leaders are less likely to impose socially inefficient regulations or engage in rent-seeking and, hence, enhance firm productivity...
While caste-based occupations may hold 'productivity benefits', removing the discriminatory links between low castes and work brings even larger gains...
Mechanisation standardises output and lowers supervision needs for hired labour, freeing owners’ families to engage in profitable off-farm activities...
Korea’s promotion of heavy and chemical industries would have been more successful if it had not come with a rise in concentration and misallocation...
By leveraging peer-learning effects, group-based consulting can be cheaper and more effective than individual interventions in improving SME performance...
As countries become greater economic friends in terms of the welfare effects of their productivity growth, they become greater political friends in terms of United Nations voting and strategic rivalries....