In this paper the role of institutions in determining foreign direct investment (FDI) is investigated using a large … panel of 107 countries during 1981 and 2005. We find that institutions are a robust predictor of FDI and that the most …, we also study the impact of institutions on FDI at the sectoral level. We find that institutions do not have a …

explain economic fluctuations. This is motivated by the empirical observation that changes in institutions in emerging markets … in the data are associated with changes in institutions, so that we can explain productivity shocks to a large extent as … shocks to the quality of institutions. We find that the model with shocks to the degree of protection of property rights only …

implications. In a model of diversification against risk, we distinguish between investments in institutions that facilitate …

potential role for institutions in determining the strength – and direction – of the scale effect. Using cross-country data, we … find a significant interaction between property rights institutions and the effect of scale on long-run growth: In … countries with poor property rights institutions, scale is positively related with income per capita; where property rights …

The quality of contracting institutions has been thought to be of second-order importance next to the impact that good … property rights institutions can have on long-run growth. Using a large range of proxies for each type of institution, we find … a robust negative link between the quality of contracting institutions and long-run growth when we condition on property …

This paper investigates the role of institutions in determining per capita income levels and growth. It contributes to … the empirical literature by using different variables as proxies for institutions and by developing a deeper analysis of …-section estimation suggests that institutions seem to matter, regardless if they are the only explanatory variable or are combined with …

if good institutions are the main reason behind decisions to invest in human or physical capital accumulation or to …

Acemoglu and James Robinson. Both books are focussed on the role of institutions in determining the wealth of nations and the …