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institutions. For a panel of OECD countries, we find that anticompetitive product market regulations are associated with lower MFP … levels and that higher innovation intensity and greater openness go in tandem with higher MFP. We also find that the impact … of product market regulations on MFP may depend on the level of labour market regulations. Better institutions, a more …
Persistent link: https://www.econbiz.de/10011657128
Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation …
Persistent link: https://www.econbiz.de/10014534372
dynamics of oil price volatility by examining interactions between oil market and exchange rate in selected MENA countries … selected MENA countries. These findings have important implications both from the investor's and from the policy …
Persistent link: https://www.econbiz.de/10012908723
regimes, using data on eight MENA (Middle East and North Africa) countries over the 1984-2016 period. Specifically, we run … role in determining the exchange rate regime in MENA countries: a democratic political regime and a low level of corruption … implications for policy makers in MENA countries …
Persistent link: https://www.econbiz.de/10013291704
We study the role of firms in the political economy of trade agreements. Using detailed information from lobbying reports filed under the Lobbying Disclosure Act, we find that virtually all firms that lobby on free trade agreements (FTAs) support their ratification. Moreover, relative to...
Persistent link: https://www.econbiz.de/10012836007
intensifies. We find that the better the institutions and the more competitive the banking sector, the higher the bank's incentive …
Persistent link: https://www.econbiz.de/10010264275
We document that trust in public institutions - and particularly trust in banks, business and government - has declined … institutions. Cross-country comparisons reveal a clear legacy of the Great Recession, and those countries whose unemployment grew … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …
Persistent link: https://www.econbiz.de/10010274853
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
countries, communities on both sides of the long-gone Habsburg border have been sharing common formal institutions for a century …
Persistent link: https://www.econbiz.de/10010274931
Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using firm level data, we investigate the interaction between the widespread opportunities for new business activities such firms faced and their business environment. The business...
Persistent link: https://www.econbiz.de/10010288245