Tim Harford
Kathy Fogel, Randall Morck and Bernard Yeung compiled lists of the ten largest employers in each of 44 countries across the world, in a recent study published in the Journal of Financial Economics. Fogel and her colleagues discovered that countries with rapid churn into and out of this elite group had faster growing economies. This relationship even seems to be causal, because high turnover in … [ Read more ]
Content: Quotation | Author: Tim Harford | Source: ChangeThis | Subject: Economics