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The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …
Persistent link: https://www.econbiz.de/10010195528
While the recent increase in foreign direct investment (FDI) to African countries is a welcome development, the question remains as to the impact of these resource inflows on economic development. This study posits that a key channel of the impact of FDI on development is through its effects on...
Persistent link: https://www.econbiz.de/10003652696
We explore the determinants of state fragility in sub-Saharan Africa. Controlling for a wide range of economic, demographic, geographic and istitutional regressors, we find that institutions, and in particular the civil liberties index and the number of revolutions, are the main determinants of...
Persistent link: https://www.econbiz.de/10003942306
To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...
Persistent link: https://www.econbiz.de/10009786965
The impact of foreign direct investment (FDI) on domestically owned firms in developing countries has been widely debated in the literature. It has been argued that FDI provides access to advanced technologies and other intangible assets which may spill over to the host country and allow...
Persistent link: https://www.econbiz.de/10009516925
Persistent link: https://www.econbiz.de/10002226214
Cognitive performance in late adulthood is critical for better welfare and understanding the causes of human capital depreciation in old age is increasingly crucial in aging societies. Using data from South Africa, we study how early life education affects cognition, a component of human capital...
Persistent link: https://www.econbiz.de/10013286558
bribe payers, people with the party links are more likely to offer bribes as well as think that bribe payments are expected …. Overall, our findings suggest that the proclivity to corruption of the former Communist party members has been transmitted … through family and thus sustained over time, contributing to corruption decades after the demise of the Socialist bloc. …
Persistent link: https://www.econbiz.de/10011872640
Numerous studies have considered the important role of cognition in estimating the returns to schooling. How cognitive abilities affect schooling may have important policy implications, especially in developing countries during periods of increasing educational attainment. Using two longitudinal...
Persistent link: https://www.econbiz.de/10012207541
We study the effect of exposure to political instability in-utero on health at birth. We exploit the coup d'état that took place in Spain on February 23, 1981. Although short-lived and unsuccessful, the event generated stress and fear among the population, especially in areas that had suffered...
Persistent link: https://www.econbiz.de/10012289310