Motivated by a novel stylized fact -- countries with isolated capital cities display worse quality of governance -- we … ways: broader power sharing (associated with better governance) means that any rents have to be shared more broadly, hence … capital city allows the elite to appropriate a larger share of output, so the costs of better governance for the elite, in …

order to examine this question, we designed a behavioral measure of the population’s desire for better governance. A … countries with better governance, especially return migrants. …

different ownership and governance structures. The empirical results indicate significant financial constraints even among the … budget constraints are binding. State ownership does not alleviate capital constraints and larger firms do not appear to be …

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 …

consumption of richer households by 6.1 to 9.2 percent. We also find suggestive evidence that governance matters in the …