Studies of the impact of local political risk on foreign direct investment inflows overlook that worldwide FDI comes in waves. Using a simple model we show that the impact of political risk on FDI inflows is likely to be weaker, the larger the worldwide amount of FDI, which may question standard...

"Using a panel of countries over 1990-2000, this paper examines the extent to which different dimensions of the institutional framework affect total exports, exports of manufactured goods, and exports of nonmanufactured goods. It is observed that exports of manufactured goods are positively...

Using a large sample of countries over the 1990s, this paper examines the extent to which institutions' functioning disables a greater participation of the Middle East and North Africa (MENA) in the world economy. It focuses on the impact on manufactured exports and FDI attractiveness and...