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This paper analyzes whether nation-state governments can increase their credibility by becoming members of 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...
Persistent link: https://www.econbiz.de/10010264350
the endogeneity of membership, we find this effect to be substantively important and robust to the method of estimation. …
Persistent link: https://www.econbiz.de/10010274768