negative and significant effect on youth unemployment, with a stronger effect on female youth. Labour market institutions … more pronounced effect on female youth. However, the interaction of institutions with trade openness reveals that trade … openness worsens youth unemployment in countries with stronger labour market institutions. Research limitations …

This paper provides an assessment of the potential economic impacts of the Vietnam-Korea free trade agreement on … Vietnam, by using general equilibrium modeling. The results show that Vietnam-Korea FTA will increase aggregate welfare for … that Vietnam‟s agriculture exports to Korea would especially rise in the long run. However, there will be strong …

discussion of institutions and states that constitutions are an example of a formal institution. As any other formal institution …, constitutions are also influenced by countries' informal institutions, including customs and belief systems. The novel content …

European countries that have to develop their institutions further in order to grow sustainably. This study is using …

economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The … institutions-augmented Solow model fits the empirical data very well. It turns out that differences in physical capital, human … differences in economic development among the countries of the world. According to the institutions-augmented Solow model, the …

Optimal growth requires pro-growth institutions and culture. In an optimal growth pattern, institutions and culture … facilitate entrepreneurship and innovation. In contrast, if the development and coevolution of institutions and culture are … and innovation activity. Policymakers should therefore plan and implement pro-growth structural changes to institutions …

The contention that 'inclusive' institutions are the deep determinants of economic growth remains unsatisfactory. This … the feedback loops among institutions, political power and economic structures, thus, markets on their own will not ensure …