Showing 1 - 10 of 11
This paper provides a review and synthesis of the findings of the second phase of a research project on institutions and long-run economic performance. It discusses research findings in five areas, namely (1) the relationship between institutional characteristics and the duration of economic...
Persistent link: https://www.econbiz.de/10010856310
Innovation is a multilevel phenomenon. Not only characteristics of firms but also environment within which firms operate matter. Although this has been for long recognized in the literature, a quantitative test that explicitly concerns the hypothesis that framework conditions affect...
Persistent link: https://www.econbiz.de/10010856372
This paper investigates micro and macro determinants of firms' investment behaviour using firm data from 101 developing and emerging economies. A substantial number of firms in our sample does not invest in fixed capital or invests little relative to sales revenue. Using a multilevel probit...
Persistent link: https://www.econbiz.de/10010856457
Drawing insights from firm-level survey, this paper addresses three broad issues relating to the role of learning and knowledge in African industry. First, we examined modes of learning proxied by training in small and medium firms. We found that elementary learning mechanisms such as...
Persistent link: https://www.econbiz.de/10010856512
It is well-known that the extent of credit lent to private agents differs widely between countries. The `financial deepening' of the economy offers opportunities as well as financial risks. This study investigates the extent to which institutional characteristics are re- lated to countries'...
Persistent link: https://www.econbiz.de/10010712049
Using institutional indicators describing 122 countries, we conduct an exploratory study highlighting which institutional characteristics differ across countries with different levels of income and rates of growth. We describe a country's institutions by the degree of formalization of its...
Persistent link: https://www.econbiz.de/10010712080
In this paper we question the validity of the arguments against Turkey's membership of the EU and challenge the political wisdom of excluding Turkey from Europe. First, we argue that fundamental European values are not as uniform as they are made out to be. There are significant differences...
Persistent link: https://www.econbiz.de/10010712097
Studies of the relationship between FDI and domestic investment levels reach contradictory findings. We revisit this empirical relationship and argue that some of the conflicting evidence may be explained by the use of poor proxies for the true underlying variables and by questionable...
Persistent link: https://www.econbiz.de/10010712201
Using the rich micro data set of the World Bank Investment Climate Survey, this paper examines the determinants of productivity among manufacturing firms in the context of a least developed country, Tanzania. In particular it seeks to evaluate the importance of technological variables - such as...
Persistent link: https://www.econbiz.de/10010712213
This paper was prepared for the Angus Maddison Memorial conference, held in November 2010 at the International Institute of Social History in Amsterdam. The paper reflects on Angus Maddison's contributions to development economics. It focuses on the following issues: 1. quantification in...
Persistent link: https://www.econbiz.de/10010712285