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to be thought of as extra-economic dimensions such as subjective forms of poverty, quality of institutions (especially … public institutions) and type of political regime or, more generally speaking, the society’s system of values. To meet this … qualité des institutions (notamment publiques) et le type de régime politique ou plus généralement le système de valeurs de la …
Persistent link: https://www.econbiz.de/10005416729
estimate the country-specific cost of capital. We find a negative relationship between institutions that protect property … rights and capital costs. Firms located in countries with weak institutions were charged a premium compared to similarly … risky firms located in countries with strong institutions, and this penalty appeared to be costly in terms of future growth …
Persistent link: https://www.econbiz.de/10010292144
institutions and early development. Our instrumental-variables estimates provide evidence of a robust, positive effect of openness …
Persistent link: https://www.econbiz.de/10010293104
This paper reveals how the outcomes of large-scale land acquisitions made by foreign investors in Zambia are determined by the characteristics of the country's land governance system. Proposing a conceptual framework adapted from Williamson (1998), and using evidence constituted by expert...
Persistent link: https://www.econbiz.de/10010293899
This paper proposes an answer to the question of why social unrest sometimes occurs in the wake of an IMF Structural Adjustment Program (SAP). Under certain circumstances, partly determined by a country’s comparative advantage, a nation’s elite may have an incentive to make transfers to the...
Persistent link: https://www.econbiz.de/10010293907
We claim that a sequential mechanism linking history to development exists: first, history defines the quality of social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We test this hypothesis on a dataset of Italian provinces,...
Persistent link: https://www.econbiz.de/10010293919
institutions can limit the destructive environmental effects of decentralization. The empirical results confirm a strand of the …
Persistent link: https://www.econbiz.de/10010294383
the institutions and infrastructure literature in this respect, using selection-based gravity modeling of trade flows. We …
Persistent link: https://www.econbiz.de/10010294570
financial crises to improve their institutions and grow up to financial stability. …
Persistent link: https://www.econbiz.de/10010295241
financial crises to improve their institutions and grow up to financial stability. …
Persistent link: https://www.econbiz.de/10010295310