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results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment …
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The present paper develops a general production function framework, augmented with two institutional variables namely, bureaucracy and corruption, on 28 transition economies over the period 2000 to 2015. We use various econometric specifications and apply both the Fixed Effects as well as the...
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tests, and checks for reverse causation. Estimation results suggest that state institutions in particular are quite robustly …
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