In this paper, we revisit the relation between institutional factors and foreign direct investment (FDI) inflows in developing countries by employing a dynamic panel methodology, which enables us to deal with the persistency of FDI flows and endogeneity issues. We also contribute to the...

This paper focuses on the analysis of the long-run response of the Real Exchange Rate (RER) to political risks and tests whether non-economic variables have an impact on RER in 31 emerging and developing countries. We use annual data from the International Country Risk Guide database over the...

We present a simple model that illustrates how democracy may improve the quality of economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracy on institutional quality is increasing...

Governments will often look to publicly signal their efforts to tackle issues of concern as a way of garnering political support. Combining data on the public disclosure of anti-corruption efforts and individual well-being in China, we show that such signals may increase the salience of the...

A large number of empirical studies pointed to the ongoing expansion of the shadow economy in many countries around the globe. A robust finding in these studies is the positive association between unemployment rates and the size of the unofficial sector. However, with consistent estimates of the...

This study analyzes how prevailing institutional arrangements i.e., property rights, contracting rights, political institutions, and corporate governance practices affect privatized firms' performance, capital markets development, and economic growth. Most of the studies surveyed show that...

This study uses panel Granger causality and cointegration tests to examine the relationship between income per capita and control of corruption in the Eurozone. The analysis covers the entire Eurozone and subgroups of countries from 2002 to 2021. The results show that there is not a...

There are many stories of democracy but little consensus over which variables robustly determine its emergence and survival. We apply extreme bounds analysis to test the robustness of 59 factors proposed in the literature, evaluating over 3 million regressions. The most robust determinants of...

I discuss the application of capture-recapture methods to estimating the total number of deaths in armed conflicts, and propose an alternative method based on a trivariate discrete choice model. Data come from the 'Truth and Reconciliation Commission' (TRC) of Peru, around 25000 deaths,...

I discuss the application of capture-recapture methods to estimating the total number of deaths in armed conflicts, and propose an alternative method based on a trivariate discrete choice model. Data come from the 'Truth and Reconciliation Commission' (TRC) of Peru, around 25000 deaths,...