This paper studies the effect of different domestic institutions (property rights, corporate governance, and financial efficiency) on the net direction of different international capital flows (FDI and financial capital) in an empirical setting by taking the theoretical framework designed in Ju...

Regional economies seek to promote growth through industrialisation and literature suggests that developing the financial system, integrating the financial system within a sound institutional framework can promote industrial output. This study fills the gap by examining the impact of financial...

We examine a balanced panel of globalization indices for 129 countries over the years 1991- 2010. We report evidence of cross-country sigma convergence in the overall globalization index. Sigma convergence also holds for each of the economic, political, and social globalization indices, as well...