Dreher, Axel; Voigt, Stefan - CESifo - 2008
international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have … an important impact on investment and growth. It is hypothesized that the degree of delegation to international … for international delegation. On the basis of panel data for up to 136 countries and the time period from 1984 to 2004 …