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In this paper, we revisit the relationship between economic growth and exchange rate misalignments, especially undervaluations. In particular, we ask which countries benefit from undervaluations at most, and whether the impact of undervaluations on growth depends on institutional quality as...
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This study re-examines the impact of corruption on international trade accounting for both inter- and intra …, we find that the negative impact of corruption on trade is reduced, ceteris paribus, in poorer countries. We also find … non-linearities, more corrupt countries present a more harmful impact of corruption on trade. Moreover, we perform a …
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quality of governance in an unbalanced panel data set consisting of all countries in the world (217) using data from 1980 to …
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-shaped or downward-sloping pattern. Corruption may affect this relationship in two distinct ways: by raising pollution at given … corruption on pollution. The indirect effect via income is positive or negative depending on the income level. If negative, the … corruption. Because this relationship is particularly strong at low income levels, developing countries can considerably improve …
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