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While it is clear that financial depth and economic diversity are prerequisites for the realisation of growth and development objectives, heterogeneous factors that determines financial development remains imperfectly understood. This ambiguity in the structural relations between varied...
Persistent link: https://www.econbiz.de/10012603080
This paper provides evidence on the moderating effects of institutions on the marginal effects of human capital …, improving the quality of institutions moderates the marginal effect of human capital on FDI inflows. Drawing on these findings …, policymakers in developing countries are advised to undertake a set of reforms to upgrade the quality of institutions, improve …
Persistent link: https://www.econbiz.de/10013462059
Persistent link: https://www.econbiz.de/10011797904
political institutions are the key determinant of economic development. The main finding of this paper is that the focus on the … primacy of legal and political institutions may be misplaced and that business-friendly economic policies (proxied for here by …
Persistent link: https://www.econbiz.de/10009729657
is ultimately determined by geographical characteristics The institutions-hypothesis which views the quality of … institutions as a fundamental driver of growth The policy-hypothesis which emphasises the importance of economic policy This paper … debate on geography versus institutions would suggest but are indeed interconnected and complementary. …
Persistent link: https://www.econbiz.de/10002990663
' persistent characteristics, such as their institutions. Among our findings are that macroeconomic policies affect development … institutional quality. -- human development ; institutions ; dynamic panel modelling …
Persistent link: https://www.econbiz.de/10009011991
Persistent link: https://www.econbiz.de/10008822135
. Relying on the theory of institutional stickiness (Boettke et al. 2008), the main hypothesis is that the "deep" cultural layer … (proxied by individual values) interacts with the stickiest formal institutions in development, which leads to a very special …-togetherness" of values and institutions. Besides establishing that both values and sticky formal institutions are strong determinants …
Persistent link: https://www.econbiz.de/10012259724
This study examines the critical interplay between institutional and cultural backgrounds and their collective impact on economic development, suggesting that their synchronized evolution-timing, pace, and direction-boosts economic development, while misalignment hinders it. It seeks to...
Persistent link: https://www.econbiz.de/10014635955
This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. …
Persistent link: https://www.econbiz.de/10011290078