Akhmedjonov, Alisher; Il’ina, Irina N.; Leonard, Carol S. - National Research University Higher School of Economics - 2013
authority is exercised, and using as a proxy a measure of the investment risk by region, this paper contributes to the … conditions for all individuals who are still capable of working, and to improve the investment climate in the region leading to a … higher level of investment in fixed assets. Our results implicitly suggest that effective governance comprises the tangible …