This paper discusses a framework for analyzing robust institutions for water markets drawn on the new institutional … highest priority is given to the role of legal and political institutions and second priority to environmental, economic and …

of institutions. In this paper, I consider the case of firm concentration in Italy and its impact on local development. A … large and growing literature has argued in favour of persisting effects of past institutions on current outcomes. Hence, in …

this paper we frame our starting question within the general debate about the importance of good/bad institutions as … are in fact driven by the presence of growth enhancing institutions. Our empirical analysis exploits newly available … institutions is important for growth. Yet our results strongly suggest that the weight of tourism in an economy is an independent …

. Finally, and more optimistically, when we consider our results in the context of institutions and growth, we conclude that …

in former European colonies. Where European colonizers settled, they replicated the investment-conducive institutions … the formation of institutions. We find the presence of precious metals, gold and silver, to imply an increase in …

I study the coexistence of formal and informal finance in underdeveloped credit markets. While weak institutions …

find that the government relinquishes control over time, mainly to the benefit of local institutions and foreign investors …

through 2000. We find that governments do not relinquish control after “privatization.” We show that the market-to-book ratios …

This paper provides evidence on abnormal returns of Portuguese privatization public offerings for the period from 1989 … privatization transactions and investigates the determinants of the observed price behavior. Our results are not supportive of the … underpricing phenomenon except if we exclude the very extreme observations. The results show further that privatization IPOs …