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Using panel data this paper examines the effects of institutions on the success of reforms and integration in the … Maghreb. Institutional quality measures are developed using fuzzy-set based transformations of civil liberties and political … fuzzy-set transformed measures provides useful insights regarding the quality of institutions in Algeria, Morocco and …
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The risk perceived by investors is crucial in the decision to invest, in particular when it concerns a foreign country. The investment risk associated is a multi-faceted element given that it reflects many aspects that are relevant to (foreign) investors, such as the level of transparency,...
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Since the 1980s, many developing countries started economic restructuring and an opening up towards global markets, following partly the receipt of the ruling neoliberal economic theory. The results of these processes were mostly ambiguous, however, especially regarding the social consequences....
Persistent link: https://www.econbiz.de/10012583784
compared to the rest of the world. We focus on the role of the quality of informal institutions as measured by the World Value … Survey (WVS) and formal institutions as measured by the International Country Risk Guide (ICRG) and the World Governance … quality of institutions. The resulting specification is estimated on a sample of 74 developed and developing countries over …
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