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The economic impact of an institutional transplant depends on the underlying cultural envi-ronment of the receiving country. This paper provides the first evidence that the positive effect of importing good institutions cancels out when the receiving territories are characterized by cultural...
Persistent link: https://www.econbiz.de/10011405198
The economic impact of an institutional transplant depends on the underlying cultural environment of the receiving country. This paper provides the first evidence that the positive effect of importing good institutions cancels out when the receiving territories are characterized by cultural...
Persistent link: https://www.econbiz.de/10013000827
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