We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady state level of income per capita. The impact of...

Hungarian Abstract: A 2008-as évhez kötődő pénzügyi és gazdasági válság számos szabályozási kérdést vetett fel világszerte. Természetes reakcióként a jogalkotók a pénzügyi piacok egyes intézményeire, illetve azok egyes szereplőire vonatkozó szabályok gyors...

Focusing more on the evolution of the Romanian external trade and FDI inflows after 2007 - the year of Romania's EU integration - the paper provides insights in the trade and FDI inflows determinants in the context of the convergence process and also in relation to the financial global crisis....

This paper examines the major economic and institutional factors underlying the surge in foreign direct investment (FDI) flows to Mexico during the 1990s. It presents evidence that indicates that market-friendly economic reforms and major changes in the institutional-legal status of foreign...