Using the manufacturing sector data at the three-digit level, the paper examines whether the degree of competition improves productivity in developing countries. The degree of competition is measured through markups while productivity is measured through total factor productivity (TFP) and labor...

The determinants of Foreign Direct Investment (FDI) inflows to Arab countries particularly vary depending on what the source country is, i.e. Arab or non-Arab countries. Estimation is conducted on a separate sample for source countries but with the same set of determinants. We found that...

Studies of the impact of local political risk on foreign direct investment inflows overlook that worldwide FDI comes in waves. Using a simple model we show that the impact of political risk on FDI inflows is likely to be weaker, the larger the worldwide amount of FDI, which may question standard...

This paper investigates the timing of the impact of changes in checks and balances on macroeconomic efficiency in a panel of countries. Using Battese and Coelli’s one-stage approach, we find that increasing checks and balances results in greater efficiency. Furthermore, the impact of...

This paper investigates the potential impact of opening up telecommunications to competition in MENA on this sector performance and on the participation of the region in the world economy. The latter is assessed with respect to manufactured exports, participation in production network and...