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Studies of the impact of local political risk on foreign direct investment inflows overlook that worldwide FDI comes in waves. Using a simple model we show that the impact of political risk on FDI inflows is likely to be weaker, the larger the worldwide amount of FDI, which may question standard...
Persistent link: https://www.econbiz.de/10011011751
This paper investigates the timing of the impact of changes in checks and balances on macroeconomic efficiency in a panel of countries. Using Battese and Coelli’s one-stage approach, we find that increasing checks and balances results in greater efficiency. Furthermore, the impact of...
Persistent link: https://www.econbiz.de/10009211289
more in countries with high institutional quality than in countries with defective institutions. The results are …
Persistent link: https://www.econbiz.de/10010687741
. Specifically, the marginal impact of formal legal institutions decreases with trust, and vice versa. These findings apply both to …
Persistent link: https://www.econbiz.de/10010699087
Studies of the impact of local political risk on foreign direct investment inflows overlook that worldwide FDI comes in waves. Using a simple model we show that the impact of political risk on FDI inflows is likely to be weaker, the larger the worldwide amount of FDI, which may question standard...
Persistent link: https://www.econbiz.de/10010588317
In the paper, we argue that trust is the missing link relating education, institutions, and economic development. We … argue that increased trust both increases education and improves legal and bureaucratic institutions, which in turn spurs … education and the quality of institutions, and that education and institutions in turn affect GDP per capita. …
Persistent link: https://www.econbiz.de/10010968984
We report evidence that trust is the missing root relating education, institutions, and economic development. We … observe that more trust both increases education and improves legal and bureaucratic institutions, which in turn spurs … both education and the quality of institutions, and that education and institutions in turn affect GDP per capita …
Persistent link: https://www.econbiz.de/10010988080
that exports of manufactured goods are positively affected by the quality of institutions but neither total exports nor … nonmanufactured exports. The latter may even correlate negatively with the quality of institutions. The results are robust to …
Persistent link: https://www.econbiz.de/10008574362
Many studies have underlined the detrimental impact of local political risk on foreign direct investment inflows. In this paper, we argue that that relationship depends on the global volume of FDI. After providing a simple model and theoretical arguments suggesting that the relationship should...
Persistent link: https://www.econbiz.de/10008468452
Using a sample of 96 countries over the nineties, this paper examines the extent to which different dimensions of governance affect FDI inflows. It considers six aspects of governance. The results of a least-squares estimation suggest a positive relationship between institutional quality and...
Persistent link: https://www.econbiz.de/10005464151