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We provide evidence that institutions strongly influence where investors drill for oil and gas. At national borders, investors drill on the side with better institutionalquality two times out of three. To identify the effect of institutions, we utilise a global data set on the location of...
Persistent link: https://www.econbiz.de/10011071722
productive, or near equally productive employees without relational contracts.  Investment in specific training relaxes the … incentive constraints on relational contracts, so the optimal level of investment can be higher for those with a relational … additional cost of optimal investment precisely offsets the post-investment surplus for marginal employees in relational …
Persistent link: https://www.econbiz.de/10011071727
The importance of the national, autochtonous capital, cannot be underestimated, as maintaining over a long period a mixed structure of the economy, by the coexistence of the private sector in the process of getting established, exclusively represented by small and medium companies, with a state...
Persistent link: https://www.econbiz.de/10011071776
investment expenditure, consisting in the purchase or construction of housing, purchase of land and household equipment …
Persistent link: https://www.econbiz.de/10011071793
The investment procedure prescribes the stages and tests through which all investment projects must pass before being … paper, we intend to understand how investment procedures enable grand ideals regarding investment to be institutionalised … effect during the process of institutionalisation, through which grand investment ideals (e.g. competitiveness, value …
Persistent link: https://www.econbiz.de/10011072276
The investment procedure prescribes the stages and tests through which all investment projects must pass before being … paper, we intend to understand how investment procedures enable grand ideals regarding investment to be institutionalised … effect during the process of institutionalisation, through which grand investment ideals (e.g. competitiveness, value …
Persistent link: https://www.econbiz.de/10011072823
Countries referred to as “developing” are being urged more and more to reform their “investment climate”. It is often … said that a “good” investment climate leads to both increased economic growth and reduced poverty. In these countries … behind unattractive investment climates or investors. International development agencies believe that by adopting …
Persistent link: https://www.econbiz.de/10011073106
In this analysis, we seek robust conclusions and solutions in an investment problem under budgetary constraint and …: 1. An optimal solution for a fixed set of profitability rates is not robust 2. No investment is not a “robust” policy 3 …
Persistent link: https://www.econbiz.de/10011073129
In this paper we consider a family of investment projects defined by their deterministic cash flows. We assume …
Persistent link: https://www.econbiz.de/10011073130
overestimate this welfare change. We also show how relative consumption concerns affect the way public investment ought to be …
Persistent link: https://www.econbiz.de/10011074902