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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...
Persistent link: https://www.econbiz.de/10010520965
"The authors study how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree...
Persistent link: https://www.econbiz.de/10010522437
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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
In today's global environment, countries face various shocks, such as natural hazards, economic and health crises, conflict, violence, and forced displacement. Disasters triggered by natural hazards cause billions of dollars in damage per year, and these disasters, and their costs, are...
Persistent link: https://www.econbiz.de/10014578969
"The authors compare the two merger control systems currently employed worldwide: a mandatory system based on merger size threshold and a voluntary system with ex-post monitoring and fines. The voluntary system possesses two informational advantages: (i) the enforcement agency employs more...
Persistent link: https://www.econbiz.de/10011394230
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"This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...
Persistent link: https://www.econbiz.de/10011394113
"Good institutional quality (function) and similar institutional design (form) can promote international trade by reducing transactions costs. The authors evaluate the relative importance of function versus form in a gravity model, using an indicator of different legal systems as a proxy for...
Persistent link: https://www.econbiz.de/10010522154
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