In this paper, we examine the impact of institutional quality on foreign direct investment (FDI) and on the volatility of FDI. By utilizing data in a post Asian financial crisis context, we can examine whether the crisis has an immediate impact on retarding FDI. Based on our analysis of panel...

Greece has experienced rapid growth in immigrant and refugee populations since 1990. Although most are immigrants from Albania and throughout the Balkan region, some immigrant and refugee groups arriving in Greece also come from the former Soviet Union, Southeast Asia and Africa. Some of these...

The article explores the spin-off effect controversy surrounding the role of military spending in economic development by investigating its impact on output in six industries linked to the military. The article's econometric investigation does not support the case for spin-off effects. The...

The debate on outsourcing of skilled jobs to India has recently picked up steam and has become a hot election-year issue. Bills put forth in almost twenty five states have provisions that seek to limit the outsourcing trend. This paper visits some issues concerning outsourcing in order to...

Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital flight, using panel data for a large set of developing, emerging market and...

Capital flight undermines economic growth and the effectiveness of debt relief and foreign aid, and sometimes drains more resources from poor countries than does debt service. In an analysis of a large panel of developing and emerging market countries using annual data for 1970-2001, we show...

Though the financial crisis recently suffered by several Southeast Asian countries has already been extensively studied, this article views the crisis as an object lesson for India. An analysis of the World Debt Tables, published by the World Bank indicates that, on the whole, India's...

Which types of governance indicators matter the most for private investment? This short paper answers the question by examining the impact of specific governance indicators on private investment in a cross-section of developing economies. Results indicate that an effective government that...

Based on a panel data analysis of 164 countries from 1996 to 2006, we examine the impact of institutional quality on foreign direct investment (FDI) levels and volatility. We find that good institutional quality matters to FDI. We provide evidence that institutional quality has a positive and...