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enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public …The paper discusses some channels through which corruption affects growth such as the impact of corruption on …
Persistent link: https://www.econbiz.de/10014403515
alternative stabilization/reform packages as a function of the scope of corruption activities. The framework developed herein is a … basic one in which only the most fundamental questions (such as the effects of anti-corruption government policies on output …, and is able to explain why, even when able to eliminate corruption activity altogether, governments may choose not to do …
Persistent link: https://www.econbiz.de/10014398151
foreign direct investment—structural reforms tend to dominate the corruption variable …Recent studies have highlighted the adverse impact of corruption on economic performance. This paper advances the … hypothesis that corruption is largely a symptom of underlying weaknesses in public policies and institutions, a formulation that …
Persistent link: https://www.econbiz.de/10014399961
Persistent link: https://www.econbiz.de/10009726541
Greece's investment rate plunged following the Sovereign Debt Crisis (SDC) and remained one of the lowest in the world … in 2019. This paper explores recent investment dynamics and compares them against estimated benchmarks. Our results … suggest that Greece has been under-investing since the SDC, with private investment notably lagging behind. The estimated …
Persistent link: https://www.econbiz.de/10013170315
In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK … had a considerable and statistically significant negative impact on firm investment in the UK after the referendum. At the … same time, the post-referendum sterling depreciation has likely contributed positively to investment expenditure by more …
Persistent link: https://www.econbiz.de/10011978381
Investment has grown rapidly in China in recent years, reaching more than 40 percent of GDP. Despite good progress on … bank and enterprise reforms, weaknesses remain that could contribute to inefficient investment decisions. Manufacturing …, infrastructure, and real estate have been the drivers of fixed asset investment. Econometric analysis presented in the paper suggests …
Persistent link: https://www.econbiz.de/10014400156
The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...
Persistent link: https://www.econbiz.de/10014400689
direct investment is also substantial. We explain these features in terms of a conventional neoclassical growth model-with no …
Persistent link: https://www.econbiz.de/10014401525
The substantial increase in foreign direct investment (FDI) in recent years has triggered a discussion of a uniform … treatment of investment in international law. Most contributions to the multilateral investment framework derive from the World … restrict their focus on investment to aspects related to international trade and often apply to selected sectors only. A …
Persistent link: https://www.econbiz.de/10014399606