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This paper compares more direct measures of the institutional environment with both the instability proxies used by Barro (1991) and the Gastil indices, by comparing their effects both on growth and private investment. The results provide substantial support for the position that the...
Persistent link: https://www.econbiz.de/10008530718
must be comprehensive and institutionally specific so that reformers know which institutions to reform and how to do so …
Persistent link: https://www.econbiz.de/10008642689