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Our main interest is the impact of the choice of the speed of economic reform on economic growth. We estimate a system of 3 equations where economic growth, economic reform and FDI are jointly determined. We find that new reforms affect economic growth negatively but attract FDI, whereas the...
Persistent link: https://www.econbiz.de/10014066951
The relationship between corruption and economic activity is a complex one. The purpose of this study is to examine the … relationship in selected countries between level of corruption and economic activity, using data obtained from the Organization of … a ranking of countries according to the Corruption Perceptions Index (CPI). Examples of corruption activities include …
Persistent link: https://www.econbiz.de/10013090599
The article draws on the concepts of cultural and political embeddedness to analyse the local embeddedness of a global transnational engineering firm in transforming economies. It compares the process of the negotiations for and the acquisitions of assets undertaken by ABB in Wroclaw, Poland and...
Persistent link: https://www.econbiz.de/10014047009
The institutionalization of private property rights promotes economic development. Political corruption, it is widely … increasingly corrupt, yet broke world growth records. We resolve this paradox by highlighting the way systemic corruption can … principal-agent model to study the mechanism by which systemic corruption's impact on political risk affects individual …
Persistent link: https://www.econbiz.de/10012844262
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...
Persistent link: https://www.econbiz.de/10011300556
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This paper uses a composite measure to examine why some countries attract more foreign direct investment (FDI) than others. The measure considers all identified, measurable, and comparable socioeconomic aspects that affect FDI decisions on an aggregated country level. As a result, we can rank...
Persistent link: https://www.econbiz.de/10013116678
This paper summarizes a research project devoted to analyzing the development of outward foreign direct investment (OFDI) and emerging multinational companies from Visegrád countries: The Czech Republic, Hungary, Poland, and Slovakia. After several years of foreign direct investment inflows to...
Persistent link: https://www.econbiz.de/10013100768