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This paper constructs agreement specific instruments in order to estimate the effect of membership in a regional cooperation agreement (RCA) on institutional change. For a sample of 144 emerging and developing economies, the results show that membership in a RCA explains a significant part of...
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The aim of this paper is to analyse the role of economic institutions in the relationship between external debt and economic growth in the African Franc zone. The methodology focuses on generalized moment method (GMM) of Blundell and Blond (1998). The sample includes 12 countries within the...
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