Social trust can facilitate access to alternative sources of finance to firms when formal finance is scarce or entails large transaction costs, especially in economies with less developed financial systems. Since exporting firms are relatively more dependent on external finance, we find that...

There is widespread belief that exposure to television has harmful effects on children's cognitive development. Most studies that point to a negative correlation between hours of television watching and cognitive outcomes, fail to establish causality. Using the National Longitudinal Survey of...