quality of governance) and the degree of market segmentation (depending on the level of ethnic fractionalization). The model …

environment, but not on a country’s initial per capita income. …

We analyze whether or not the globalization of capital, ‘disciplines’ governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country’s vulnerability to sudden capital flight. This … increased threat of capital flight can discipline governments and improve governance and welfare by placing countries in a …

different ownership and governance structures. The empirical results indicate significant financial constraints even among the …

This paper discusses proposed governance reforms of legal services markets. The model distinguishes between a status … quo position supported by a system of professionally enforced collective reputation and forms of governance based more …

’s moral hazard behavior (i.e., improvement in the level of governance) leads to a fall in the proportion of tied aid. We test …