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In this paper, we examine a series of questions about bilateral trade flows in the light of a rich and up-to-date panel data set. The analyses performed reveal that (1) globalization process has been functioning in a number of ways, (2) functioning of economic regions display alternative results...
Persistent link: https://www.econbiz.de/10009018266
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to be thought of as extra-economic dimensions such as subjective forms of poverty, quality of institutions (especially … public institutions) and type of political regime or, more generally speaking, the society’s system of values. To meet this … qualité des institutions (notamment publiques) et le type de régime politique ou plus généralement le système de valeurs de la …
Persistent link: https://www.econbiz.de/10005416729
Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries?...
Persistent link: https://www.econbiz.de/10010295379
societal environment. Taking a cultural approach and referring to the newer literature on the transfer of institutions, we try … to improve the understanding of the interrelation between formal and informal institutions. Our central thesis is that … the ?reaction rate? of informal institutions depends on their compatibility with imported formal institutions. The …
Persistent link: https://www.econbiz.de/10010295447
The paper explores the linkages between political risk, institutions and foreign direct investment inflows. Using … and institutions are employed in the empirical analysis. The results show that government stability, the absence of …
Persistent link: https://www.econbiz.de/10010295448
The paper explores the linkage between income growth rates and foreign direct investment (FDI) inflows. So far the evidence is rather mixed, as no robust relationship between FDI and income growth has been established. We argue that countries need a sound business environment in the form of good...
Persistent link: https://www.econbiz.de/10010295531
The present study is a continuation of an earlier paper by the same author dealing with the economic debates in the Soviet Union between 1987 and 1991 (HWWA Discussion Paper 324; Europe-Asia Studies vol. 58, no. 2). After there had been a paradigm shift in Russian economics around 1990, in the...
Persistent link: https://www.econbiz.de/10010295534
probabilistic voting model, we show that a lack of financial institutions can lead more corruption as more voters are part of the … corrupt system. Well-functioning financial institutions, in turn, can increase the political support for anti …
Persistent link: https://www.econbiz.de/10010295959