Theory tells us that weak rule of law and institutions deter cross-border integration, deter investment relative to … business in North Korea, we consider how informal institutions have addressed these problems in a setting in which rule of law … and institutions are particularly weak. Given the apparent reliance on hedging strategies, the rapid growth in exchange …

Post-socialist transition raises crucial issues about the institutional setting of a market economy. The priority has …

The concept of bioeconomy has increasingly gained importance. The transition towards a bioeconomy is a new challenge … for the sustainable use of soils. In the development of transition strategies, the perspectives of actors need to be … functions are ful-filled by actors in the transition towards a bioeconomy. Actors relevant for soil policy have different …

The concept of bioeconomy has increasingly gained importance. The transition towards a bioeconomy is a new challenge … for the sustainable use of soils. In the development of transition strategies, the perspectives of actors need to be … functions are ful-filled by actors in the transition towards a bioeconomy. Actors relevant for soil policy have different …

estimate the country-specific cost of capital. We find a negative relationship between institutions that protect property … rights and capital costs. Firms located in countries with weak institutions were charged a premium compared to similarly … risky firms located in countries with strong institutions, and this penalty appeared to be costly in terms of future growth …

institutions, geography, and integration on per capita income. Concerning theoretical reasoning, emphasis is on the emergence of … institutions and their effect on economic growth. However, institutions can appear in different shapes since political, legal, and …, a differentiation between formal and informal institutions is made. Informal institutions are defined as beliefs …

supporting institutions such as property rights and rule of law. But how do these two aspects of the institutional environment … hinder it? Examining monthly data for 21 transition economies over a shifting monthly window from 1989 to 2012, and using a …

This paper examines the effect of trade integration and comparative advantage on one of a country’s institutions, which …