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Searched for: [ Keywords: "Capital misallocation" ] clear all
Journal Article
Trinity for Innovation: Industry-University-Research Amends Factor Misallocation Based on the Dual Perspective of Capital and Labor Force
by Liwen Cheng , Zhouyi Gu , Changsong Wang  and  Hong Jie
Abstract
Based on provincial panel data in China, this study is the first to investigate whether industry-university-research collaborative innovation (IURCI) can help to improve factor misallocation. It is found that IURCI can significantly improve capital misallocation and labor misallocation, and the effect has regional differences, which shows that the improvement effect is obvious [...] Read more

Journal Article
The reasons that younger homeowners are less likely to become entrepreneurs: The role of capital constraints
by Mingzhi Hu  and  Xiaoshuang Li
Abstract
Considering that housing is the single biggest asset for most households, owning a home may create barriers to entrepreneurship for young people who generally accumulate relatively little wealth due to a short-term career and low income. Using longitudinal data from the China Family Panel Studies (CFPS) survey, our empirical work suggests that homeowners are associated with sig [...] Read more