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Persistent link: https://www.econbiz.de/10011434797
. Our hypothesis is that inadequate contract enforcement has hindered investment and, in consequence, indirectly has had a … measure the quality of contract enforcement. We then introduce one measure that has the advantages of being measurable into … the past and not depending on subjective judgments; namely, the “contract intensive money” (CIM) indicator proposed by …
Persistent link: https://www.econbiz.de/10013087927
This paper revisits the relationship between international trade and economic growth. We measure trade openness indices separately with respect to intermediate inputs and final goods and find that it is the former which turns out to be significant in explaining growth gains from trade. Using...
Persistent link: https://www.econbiz.de/10012120367
crisis: a deterioration in contract enforceability and an increase in nonperforming loans. As a result, the credit crunch in …
Persistent link: https://www.econbiz.de/10011402509
Persistent link: https://www.econbiz.de/10002095412
crisis: a deterioration in contract enforceability and an increase in nonperforming loans. As a result, the credit crunch in …
Persistent link: https://www.econbiz.de/10002017640
crisis: a deterioration in contract enforceability and an increase in nonperforming loans. As a result, the credit crunch in …
Persistent link: https://www.econbiz.de/10001928157
Persistent link: https://www.econbiz.de/10010497155
crisis: a deterioration in contract enforceability and an increase in nonperforming loans. As a result, the credit crunch in …
Persistent link: https://www.econbiz.de/10013319397
motivated by theory from the incomplete contracting literature in which it is argued that transactions involving relationship …-specific investments are more exposed to post-contractual opportunism and hence have greater need for efficient contract enforcement. The …
Persistent link: https://www.econbiz.de/10011638414