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estimate the country-specific cost of capital. We find a negative relationship between institutions that protect property … rights and capital costs. Firms located in countries with weak institutions were charged a premium compared to similarly … risky firms located in countries with strong institutions, and this penalty appeared to be costly in terms of future growth …
Persistent link: https://www.econbiz.de/10010292144
the institutions and infrastructure literature in this respect, using selection-based gravity modeling of trade flows. We …
Persistent link: https://www.econbiz.de/10010294570
smaller countries that were historically backward and developed a different set of political and economic institutions during … political institutions for the long-run evolution of wealth-income ratios. …
Persistent link: https://www.econbiz.de/10011406159
Migration is an important and yet neglected determinant of institutions. The paper documents the channels through which … emigration affects home country institutions and considers dynamic-panel regressions for a large sample of developing countries …
Persistent link: https://www.econbiz.de/10010336024
contract incentives, wage satisfaction), (ii) institutions (e.g. technology transfer offices, patent exploitation agencies … support infrastructure for start-ups in German academic institutions, these services are little known amongst their staff …
Persistent link: https://www.econbiz.de/10011573969
We investigate the effects of an institutional mechanism that incentivizes taxpayers to blow the whistle on collusive corruption and tax compliance. We explore this through a formal leniency program. In our experiment, we nest collusive corruption within a tax evasion framework. We not only...
Persistent link: https://www.econbiz.de/10011969206
Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...
Persistent link: https://www.econbiz.de/10011969215
The East-West gap in the German population is believed to originate from migrants escaping the socialist regime in the German Democratic Republic (GDR). We use newly collected regional data and the combination of a regression discontinuity design in space with a difference-in-differences...
Persistent link: https://www.econbiz.de/10012140922
Increasing the realism with respect to the representation of actors, decision-making, and institutions is critical to … better understand the transition towards a low-carbon sustainable society since actors, decision-making, and institutions are …
Persistent link: https://www.econbiz.de/10011816749
This paper investigates the relationship between the main business cycles features and the institutional and structural characteristics of countries in which they are observed. We derive the business cycle characteristics of the individual countries using the nonparametric Harding-Pagan...
Persistent link: https://www.econbiz.de/10010273647