The role of banks is integral to the economic development of any country. Given the renewed attention on the corporate governance in banks with the global financial crises, this paper investigates the relevance of board size, board composition and CEO qualities in the banks and their...

Abstract In the first large-scale comparative studies of corporate financing patterns of large firms in leading developing countries (DCs), Singh and Hamid (1992) and Singh (1995) arrived at some rather surprising conclusions. This research showed that although there are variations in corporate...

This paper uses firm-level data from 119 developing countries to show that services sector productivity is positively associated with manufacturing productivity. Moreover, the link between productivity in services and manufacturing is particularly strong for manufacturing firms that are more...

This paper explores two questions. First, can Preferential Trade Agreements (PTAs) affect industrial development in developing countries? Second, does it matter for developing countries whom they sign the PTAs with? We find that the answer to both questions is yes. Using bilateral manufactured...

This paper uses data on 11 industries in 85 developing countries to show that trade times matter for import and export performance at the firm-level. Firms import more intermediate inputs if import licensing times are shorter. They export more of their production if border clearance times are...

Most developing countries are small open economies; they have quite limited absorptive capacity for new physical and human capital; face credit constraints in international financial markets; and, last but not least, they are usually far from the steady state. Thus, transitional dynamics...

Through the TRIPS Agreement, imitation as a development strategy has been ruled out and developing countries are left with two alternatives: To either buy expensive foreign technology, promote the transfer of technology or to develop their own technology. Any other approach to use technological...

The ultimate objective of the present paper is to empirically investigate the effectiveness of competition policy in developed and developing countries. Although its importance is continuously increasing, the effectiveness of competition policy still seems to lack the attention that it would...

The aim of this paper is to examine whether or not financial liberalization has triggered banking crises in developing countries. We focus in particular on the role of capital inflows as their volatilities threat economic stability. In the empirical model, based on Panel Logit estimation, we use...

The paper addresses the question of whether developing countries possess any built-in mechanism that can cope with external terms-of-trade (TOT) shocks. Using a two-sector, full-employment general equilibrium model with endogenous labor market distortion theoretically it shows that such...