Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital flight using panel data for a large set of developing emerging market and...

Trade liberalization and financial deepening have assumed greater significance for a country's economic growth performance in recent times. Several theoretical and empirical studies have devoted considerable attention to the association between economic performance and trade liberalization as...

Trade liberalization and financial deepening have assumed greater significance for a countrys economic growth performance in recent times. Several theoretical and empirical studies have devoted considerable attention to the association between economic performance and trade liberalization as...

Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital flight, using panel data for a large set of developing, emerging market and...

The debate on outsourcing of skilled jobs to India has recently picked up steam and has become a hot election-year issue. Bills put forth in almost twenty five states have provisions that seek to limit the outsourcing trend. This paper visits some issues concerning outsourcing in order to...

In this paper, we examine the impact of institutional quality on foreign direct investment (FDI) and on the volatility of FDI. By utilizing data in a post Asian financial crisis context, we can examine whether the crisis has an immediate impact on retarding FDI. Based on our analysis of panel...

Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital flight, using panel data for a large set of developing, emerging market and...

Which types of governance indicators matter the most for private investment? This short paper answers the question by examining the impact of specific governance indicators on private investment in a cross-section of developing economies. Results indicate that an effective government that...