This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

Several studies have examined the relationship between environmental degradation and economic growth. However, most of them did not take into account financial developments and institutional quality. Moreover, Stern (2004) noted that there are important econometric weaknesses in the earlier...

Several studies have examined the relationship between environmental degradation and economic growth. However, most of them did not take into account financial developments and institutional quality. Moreover, Stern (2004) noted that there are important econometric weaknesses in the earlier...

Within the last decade governments of donors and developing countries have committed themselves to achieving a number of International Development Targets (IDTs) to be reached by 2015. These include halving the proportion of people living in extreme poverty and ensuring universal primary...

This paper considers institutional and structural factors associated with investment activity in a panel of up to 129 developed and developing countries. We introduce these factors to a standard neoclassical investment function for open economies, and find that financial development and...

Developed and well regulated financial markets are usually seen as a precondition for an efficient allocation of resources and can foster long term economic growth. This paper explores the institutional determinants for financial development in the countries of the Middle East and North African...