Showing 1 - 10 of 22
Recent research regarding property rights and economic development often treats property rights security in a country as homogeneous, although protecting the private entitlements of some can entail preventing others from claiming and controlling those same resources. This one-dimensional...
Persistent link: https://www.econbiz.de/10009366416
An elite derives its status from its relationship to property, whether physical or human capital. While stable property rights are necessary for everyday business, unstable property rights that result in major institutional changes (such as land reform) may have a positive impact on economic...
Persistent link: https://www.econbiz.de/10008675787
Persistent link: https://www.econbiz.de/10005475005
The volume Institutional Change and Economic Development fills some important gaps in our understanding of the relationship between institutional changes and economic development. It does so by developing new discourses on the 'technology of institution building' and by providing detailed case...
Persistent link: https://www.econbiz.de/10005031732
The paper tries to improve our understanding on the role of institutions in development by critically examining the current orthodox discourse on institutions and highlighting some of its key problems. After discussing some definitional problems, the chapter examines a number of problems in the...
Persistent link: https://www.econbiz.de/10005033231
Persistent link: https://www.econbiz.de/10005661060
This paper first shows that important economic arguments in favor of the Prebisch- Singer hypothesis of falling terms of trade of developing countries have implicitly relied on the role of multinational corporations and foreign direct investment. As of yet, the relationship between the latter...
Persistent link: https://www.econbiz.de/10008828336
This paper offers a broad overview of the Hungarian development strategy over the past two decades. Combining historical and functional analysis, some major strengths and weaknesses are identified, with special emphasis on the country.s open-door policies and the role played by the European...
Persistent link: https://www.econbiz.de/10004973360
Persistent link: https://www.econbiz.de/10005001293
The paper investigates the impact of exchange rates on US foreign direct investment (FDI) flows to a sample of 16 …: the value of the local currency (a cheaper currency attracts FDI); expected changes in the exchange rate (expected … devaluation implies FDI is postponed); and exchange rate volatility (discourages FDI). The results reveal a negative relationship …
Persistent link: https://www.econbiz.de/10005001314