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The world is experiencing its worst recession in 80 years. What started as US sub-prime financial turmoil has developed into the first global recession since the infamous 'Great Depression' of the early 1930s. However gloomy the perspectives for the very short term are, there will be a recovery...
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The paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia …
Persistent link: https://www.econbiz.de/10010307928
: culture, corruption, and institutions. The last offers the most convincing explanation for mediocre growth. Hence, to raise … corruption; and above all, focused and sustained development of functional capitalistic institutions. …
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results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment …
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capacity; * business climate, political institutions, and other institutional indicators (econometric analysis). 4. A test …
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We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? And...
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entrepreneurs and how these actions depend upon the prevailing institutions. While institutions have extensively been examined for …
Persistent link: https://www.econbiz.de/10010335169
role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that … the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in …
Persistent link: https://www.econbiz.de/10012064688