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The risk perceived by investors is crucial in the decision to invest, in particular when it concerns a foreign country. The investment risk associated is a multi-faceted element given that it reflects many aspects that are relevant to (foreign) investors, such as the level of transparency,...
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compared to the rest of the world. We focus on the role of the quality of informal institutions as measured by the World Value … Survey (WVS) and formal institutions as measured by the International Country Risk Guide (ICRG) and the World Governance … quality of institutions. The resulting specification is estimated on a sample of 74 developed and developing countries over …
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institutional quality for three Maghreb countries (Algeria, Morocco and Tunisia), which we derive from fuzzy-set based …
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The paper focuses on three main objectives. First, it assesses the progress of structural reforms implemented in six Western Balkan transition economies, i.e. Albania, Bosnia and Herzegovina, Kosovo, FYR Macedonia, Montenegro and Serbia. Second, it outlines the major economic and institutional...
Persistent link: https://www.econbiz.de/10011454489
this change to the reversal in the nature of economic institutions, which eat underwent a series of growth …
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