regulation burden, financial market development, and the quality of the legal system. We revisit this issue by using an …

The quality of institutions-meaning the quality of contract enforcement, property rights, shareholder protection, and …

This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1 … did today''s developed countries at similar stages of development. The explanations for these facts are based on the …

Transparent public financial management at the subnational level requires institutions and processes that mirror those …

The fundamental importance of economic institutions for economic growth through their impact on technological change … gap. In the model proposed, economic growth is affected by the efficiency and riskiness of research and development (R …&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …

trade on institutions is most likely to occur when a small country captures a sufficiently large share of world exports in …We analyze the relationship between international trade and the quality of economic institutions, such as contract … determined endogenously in a political economy framework. We show that trade opening can worsen institutions when it increases …