This study distinguishes multinational firm (MNE) technology-spillover from learning effects. Whenever learning takes … time, the model predicts that foreign investors deduct the economic value of learning from wages of inexperienced workers … unaffected by the presence of MNEs. In contrast to learning, technology spillover effects occur whenever a worker with MNE …

firm-specific bilateral connections. We find that institutions that enhance investor protection and reduce corruption …

We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure … institutions implemented by the British, on disparity in present day development using district level data from India. Using …

In this paper we study how differences in the quality of countries’ institutions affect the impact of natural hazards in … output distance frontier model to assess two important aspects of the relation-ship between institutions and hazard impacts … institutions of higher quality indeed correlate with higher disaster relief efficiencies. Most important are indicators of good …