This paper provides evidence on the moderating effects of institutions on the marginal effects of human capital …, financial development, and macroeconomic policies on foreign direct investment (FDI) inflows, based on large panel data of 124 … only financial development has a positive and significant direct effect on FDI inflows to developing countries. Importantly …

We propose and apply methods to quantify the impact of national institutions on international trade and development. We … are able to identify the direct impact of country-specific institutions on international trade within the structural … gravity framework. Our approach naturally addresses the prominent issue of endogenous institutions. The empirical analysis …

Institutions (PoI) view claims that economic development is a consequence of an exogenous selection of institutions. Our survey of …The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many … institutional changes can be understood as transitions occurring at roughly the same level (zones) of development. The Primacy of …

Institutions (PoI) view claims that economic development is a consequence of an exogenous selection of institutions.Our survey of …The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many … institutional changes can be understood as transitions occurring at roughly the same level (zones) of development. The Primacy of …

literature that institutions matter for financial development. We show both these types of institutions – political institutions … and culture – jointly promote financial development. Further, our result stresses that these two types of institutions …, financial development is enhanced. Our results are robust to various proxies of institutions and alternate estimation models …