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"This paper explores endogenous institution formation under a catching-up strategy in developing countries. Since the catching-up strategy is normally against the compartive advantages of the developing countries, it can not be implemented through laissez-faire market mechanisms, and a...
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In recent years, many international development agencies and non-government organizations have renewed their efforts to provide and promote indigenous knowledge orientation in development planning and practice. These efforts emphasize local knowledge systems and practices as valuable resources...
Persistent link: https://www.econbiz.de/10012555873
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"This paper examines legal and regulatory measures that can be taken to promote access to the primary market in emerging market economies. While capital market development depends on many factors including, primarily, a favorable macroeconomic environment, an appropriately designed and effective...
Persistent link: https://www.econbiz.de/10010522168
"Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex … its justification and objectives, regulation can have potentially significant macroeconomic consequences by helping or … Serven provide an empirical analysis of the macroeconomic impact of regulation. They first characterize the stylized facts on …
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This paper focuses on core aspects of the political economy of reform, drawing on case studies of three economies transitioning to stronger business environments (Hungary, the Republic of Korea, and Mexico) and three countries with well-developed business environments (Australia, Italy, and the...
Persistent link: https://www.econbiz.de/10012247129