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Replication package for “Human Capital and Financial Development: Firm-Level Interactions and Macroeconomic Implications,” by Lian Allub, Pedro Gomes, and Zoë Kuehn The code in this replication package uses Fortran to generate all model results and Stata and Matlab to generate all Tables and Figures based on those model results as well as on external data. FORTRAN CODE Run on GNU Fortran (GCC) 8.2.0 on macOS Ventura 13.4.1. STATA CODE Run on Stata 15 on macOS Ventura 13.4.1. MATLAB CODE Run on Matlab R2019b on macOS Ventura 13.4.1.
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Allub et al. (2023) studied this question.