Improving public equity markets? No pain, no gain

Katya Kartashova

Economics Letters, 2018, vol. 162, issue C, 69-72

Abstract: This paper uses an open-economy extension of Angeletos (2007) to study the effects of reducing public equity costs. The experiment is disciplined with firm-level and aggregate data for Ecuador and Chile. Lower equity costs improve aggregates, but entrepreneurs suffer a loss.

Keywords: Financial development; Incomplete markets; Private equity; Public equity (search for similar items in EconPapers)
JEL-codes: E44 G11 O11 O16 (search for similar items in EconPapers)
Date: 2018
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Working Paper: Improving Public Equity Markets? No Pain, No Gain (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:162:y:2018:i:c:p:69-72

DOI: 10.1016/j.econlet.2017.10.005

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