Would better state institutions increase tax collection, or would higher tax collection help improve state institutions …, the paper finds that tax capacity and state institutions cause and reinforce each other for a wide range of country groups …. The bi-directional causality results suggest that developing tax capacity and building state institutions need to go hand …

countries and Denmark. Using a newly constructed database on primary market debt issuance during 2007-09, we find evidence of a …

The fundamental importance of economic institutions for economic growth through their impact on technological change …&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …

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

This paper analyzes the importance of developing market-enhancing institutions for restoring economic growth in …

Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We infer … integration among the four Nordic economies. These differences are driven by the fact that Denmark and Finland have no independent …