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

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 …

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 …

banks and of budgetary institutions. It draws on the recent theory developed by North, Wallis and Weingast on the transition … budgetary institutions tend to be established in countries with higher levels of rule of law for the elites, and (ii) while …, budget institutions seem to be most effective as a disciplining device in weak institutional environments …

first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital flight, using panel data … hypothesis that links debt accumulation and capital flight, and analyzes the contribution of institutions to several channels in …