Does competition enhance productivity growth of a developing economy? Is global competition conducive to economic development? Especially, does competition with more advanced producers in the global market promote productivity growth of domestic producers in a developing country? If the answer...

In this ground-breaking study, over 50 countries, including emerging market economies (EMEs) and OECD, are examined for the informational quality of their financial systems using nearly 30 microeconomic and institutional indicators. By assessing recent institutional and structural reforms...