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persistence of inefficient institutions in developing countries. Colonization, social fragmentation and the existence and use of … single factor on its own can explain the persistence of inefficient institutions; rather, it is the combination of exogenous … and endogenous factors that shape institutions …
Persistent link: https://www.econbiz.de/10013099017
To serve foreign markets, firms can either export or set up a local subsidiary through horizontal Foreign Direct Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between countries is large, while exports become more important...
Persistent link: https://www.econbiz.de/10010325651
How valuable are long-term supplier relationships? To address this question, this paper explores relationships between U.S. importers and their suppliers abroad. We first establish several facts: almost half of U.S. imports are in relationships three years or older, relationship survival and...
Persistent link: https://www.econbiz.de/10011417707
To serve foreign markets, firms can either export or set up a local subsidiary through horizontal Foreign Direct Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between countries is large, while exports become more important...
Persistent link: https://www.econbiz.de/10011378320
We analyse firms' sourcing decisions under institutional uncertainty in foreign countries. Firms can reduce their uncertainty by observing offshoring firms' behaviour. The model characterises a sequential offshoring equilibrium path, led by the most productive firms in the market. With multiple...
Persistent link: https://www.econbiz.de/10013419347
Persistent link: https://www.econbiz.de/10001187783
important variables like being landlocked, language, inflation, and so forth. We found recent GDP growth rate to be non …
Persistent link: https://www.econbiz.de/10011392346
To investigate the role of intra-regional trade integration on economic growth in Latin America, we develop a … factor for explaining growth, while the importance of domestic spillovers is limited. The growth volatility is substantively …
Persistent link: https://www.econbiz.de/10014233425
different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected … shocks or time-dependent state variables. Recognizing the role of non-market institutions in the growth process bridges the …We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …
Persistent link: https://www.econbiz.de/10010278525
Persistent link: https://www.econbiz.de/10011439099