The non-distribution constraint of non-governmental organizations (NGOs) would be harder, and financiers as well as recipients could expect more charitable output from them, if less efficient NGOs were squeezed out of international development cooperation. We employ Probit and complementary...

I consider the case where the conservation of land yields utility through biodiversity, firms improve their efficiency by in-house R&D and a large number of countries establish a self-interested government for biodiversity management. I compare the regulation of land use with direct subsidies...

Trade openness influences the wage structure via technology adoption in middle income countries. Given the econometric challenges of handling endogenous trade and technology interaction, we offer an alternative quantification based on calibration of a general equilibrium model. We expand the...

We construct and test a theory of how international trade and endogenous economic growth interact to affect the evolution of cross-country differences in GDP. The theory combines a second-generation endogenous growth model with a Ricardian model of trade. The driver of growth is technical...

The progressive rise in the amount of South-South FDI flows has inspired a number of studies to account for possible determinants. Using firm-level data on FDI flows from 2003 until 2011, we examine what determines green field FDI among the group of low and middle income countries (South-South...

Despite the widely recognised importance of the manufacturing industry for successful development relatively few studies empirically investigate this sector in cross-country analysis. In this paper we attempt to fill this gap in the literature by investigating manufacturing production across a...

This paper attempts to analyze financial markets characterized by, among others, by stability or the lack of it, or more directly volatility, in the framework of complexity. The seemingly uncorrelated swings of financial indices and the extreme event of a crash constitute typical phenomena of...

It is recognized that affirmative action, as anti-discriminatory policies whose aim is to benefit an underrepresented group, is a key driver of progress for women. However, the role of migrants in helping female voice from abroad has not been addressed yet. This paper empirically investigates...

This paper presents a theory on the endogenous choice of a country's education policy and the two-way causal relationship between trade and education systems. The setting of a country's education system determines its talent distribution and comparative advantage in trade; the possibility of trade...

The literature on North-South trade has explored conditions under which international trade might magnify income disparities between the advanced North and the backward South. Little attention has yet been placed on the effect of trade on countries that do not display substantial dissimilarities...