countries—namely Algeria, Egypt, and Poland—have tackled reforms in these areas …

privatization agency, and by both. In the first two cases—one-sided restructuring—a first best can be achieved. In the case of both …

, owing to limited time series of the available data. This paper presents an analysis of investment in Poland based on an … underexplored sectoral data set. The determinants of investment are found to include lagged investment, lead production, relative … unit labor costs, EU demand, corporate profitability, and greenfield FDI (foreign direct investment) inflows. Dynamic in …

We analyze the impact of trade policy uncertainty on investment in the euro area. Our identification strategy assumes … that countries that are relatively more dependent on global trade networks exhibit a higher sensitivity of investment with … respect to trade uncertainty. We find that the investment-to-GDP ratio is on average 0.8 percentage points lower for five …

liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …? The answer is clearly 'no' for privatization considered in isolation. However, privatization and subnational f …

investment. Moldova stands to greatly benefit from strengthening its public corporate governance regime to put its public …