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The purpose of this paper is to develop a testable theory, the interaction thesis, capable of explaining why do we … public choice theory. In the first section of the paper I briefly define the four concepts upon which the interaction thesis …
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Growth empirics with institutional measures is performed for 25 transition countries overthe period 1990-95. Estimation results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment (FDI), the latter in turnbeing important for the...
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Institutions are strikingly absent from most economic theory, certainly from growth theory.In standard theory it is …
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