This dissertation examines the role that institutions play in the existence of multiple equilibria in models of … dissertation presents an empirical test for the role that human capital and institutions may play in transitions between equilibria … probabilities. I find that political and economic institutions are similar in their effects on transitions arid that the time …

set of formal and informal market-regulating and market-stabilising institutions. The following positive institutional …

and thedecline in labor market institutions are three interrelated phenomena. The focus on the interdependence of these … addresses the problem of interaction (and thus competition) among countries with different systems of labor market institutions … institutions in a world with ever growing interdependence among countries (Agell 1999, Freeman 1998), the model presented in this …

owners and/or managers of forty-five firms in 2001 and 2002.When firms perceive state institutions as unable to guarantee the …-state enforcement strategies are rooted in preexisting institutions and cultural practices, and develop in response to specific kinds of … contract enforcement and dispute resolution, as well as the significance that state contract enforcement institutions have for …

responses as direct measures of institutional concepts and using those to analyze the effects of institutions at the firm level …-country variation in institutions. Essay 1 offers a simple conceptual framework that decomposes survey responses for each firm into the …

whether the choice of institutions depends on the historical experience and the stock of knowledge of economic agents. We …

and the quality of host country institutions. Overall, we find that in particular FDI, and to some extent also loans, are … portfolio investment is by far the most sensitive to the quality of institutions.Chapter 3 focuses on a related topic to chapter … determinants of the location of FDI. While we find that better institutions have overall a positive and economically significant …