Showing 1 - 10 of 112
This paper investigates whether the higher prevalence of South multinational enterprises (MNEs) in risky developing countries may be explained by the experience that they have acquired of poor institutional quality at home. We confirm the intuition provided by our analytical model by empirically...
Persistent link: https://www.econbiz.de/10010274878
In this paper we analyze the influence of direct democratic institutions on the size and development of the shadow … shadow economy. Countries where direct democratic institutions support democratic life are expected to be characterized by a … core hypothesis and demonstrates that the effect of direct democratic institutions on the shadow economy is negative and …
Persistent link: https://www.econbiz.de/10010281034
This article is in three parts. First, it briefly describes the contribution of natural resources to economic growth around the world, pondering the question whether an abundance of natural resources is a blessing or a curse. Second, an attempt is made to provide a glimpse of recent empirical...
Persistent link: https://www.econbiz.de/10010264127
We examine how socio-political conflict in Bolivia has affected its economic performance since the 1970s. Such conflict … the relationship with economic performance using hypotheses derived from a simple model. In particular, we make a … how levels of conflict, economic performance, and governance might be related in Bolivia's recent history. …
Persistent link: https://www.econbiz.de/10010273773
We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 …
Persistent link: https://www.econbiz.de/10010274848
design of institutions in resource-rich countries. The paper briefly reviews the experience of a few resource-rich countries …
Persistent link: https://www.econbiz.de/10010274997
We analyze whether or not the globalization of capital, disciplines governments and improves governance. We demonstrate that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This increased threat of capital flight can discipline governments and...
Persistent link: https://www.econbiz.de/10010280832
This paper studies the relationship between fiscal decentralization and electoral accountability, by analyzing how decentralization impacts upon incentive and selection effects, and thus on voter welfare. The model abstracts from features such as public good spillovers or economies of scale, so...
Persistent link: https://www.econbiz.de/10010261308
This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets – our main application – and climate change. Estimating a structural...
Persistent link: https://www.econbiz.de/10013470337
Tech clusters play a growing role in knowledge-based economies by accommodating high-tech firms and providing an environment that fosters location-dependent knowledge spillovers and promote R&D investments by .rms. Yet, not much is known about the economic conditions under which such entities...
Persistent link: https://www.econbiz.de/10012823154