This paper examines the state and evolution of the rule of law in Mozambique, focusing on key dimensions such as voice and political participation, judicial independence and accessibility, corruption, access to basic services, personal security, and property rights. Drawing on Afrobarometer...

This paper investigates the growth impact of the EU's Structural, Cohesion and Pre-accession Funds. We look at a large sample of 27 EU countries and the UK, over a period of 1989 and 2020, essentially covering the full history of these funds. We show that the growth effect of the funds is...

Homeownership rates and holdings of housing wealth differ immensely across countries. We specify and estimate a life cycle model with risky labor income and house prices in which households face a discrete-continuous choice between renting and owning a house, whose sale is subject to transaction...

This paper investigates the growth impact of the EU's Structural, Cohesion and Pre-accession Funds. We look at a large sample of 27 EU countries and the UK, over a period of 1989 and 2020, essentially covering the full history of these funds. We show that the growth effect of the funds is...

Codes of governance have mushroomed in contexts operating under a single, dominant institutional logic, such as publicly listed corporations. These codes act as institutional prescriptions that help spread best practices throughout industries. More recently, in some countries, specific codes...

We examine the influence of institutional framework conditions on the productivity potential of new entrepreneurial businesses in advanced and developing economies using primary data from the Global Entrepreneurship Monitor from 2006 to 2022. We combine each economy's institutional conditions...

The purpose of this research is to examine the relationship between digital financial inclusion and economic growth in the SADC countries, while exploring the crucial moderating role of institutions. The digital financial inclusion (DFI) and institutional quality indices were constructed via...

Homeownership rates and holdings of housing wealth differ immensely across countries. Using micro data from five economies, we estimate a life-cycle model with illiquid housing in which households face a discrete-continuous choice between renting and owning a house. We use the model to decompose...

The Blue Economy in Africa, with its extensive aquatic and marine resources, is expected to play a major role in the continent's climate adaptation. It presents distinct opportunities to generate jobs and encourage economic growth while addressing the concerns of food security and climate...

Firms' success depends on their ability to deal with formal institutional quality. Specifically, firms exposed to a diversified set of institutional profiles can achieve institutional competitive advantage that provides firms with diverse knowledge and broader learning opportunities. While prior...

Based on corrected nighttime light data and firm-level data from 1998 to 2010, we use an urban sprawl index that properly captures the subtle differences in density distribution within cities, extend a hyperbolic distance specification within a parametric stochastic framework to the analysis of...

Russia's invasion and occupation of Ukrainian territory since 2014 has forced its government to implement emergency measures that challenge legal order. This paper examines how citizens' exposure to these security responses shapes their perceptions of the rule of law. Using proximity to war...

This brief is the first in a series of several companion pieces that assess the state of the business environment in 27 European Union (EU27) countries. This series makes use of a fully comparable data source-the World Bank Enterprise Surveys-that measures firms' experiences with and opinions on...

This study employs the dynamic panel threshold estimation technique to examine whether the influence of financial inclusion on stability varies across countries with different levels of institutional development. This study analyzes 11,209 observations of bank-level data from 78 developed and...

As countries worldwide endeavor to fulfill the United Nations Sustainable Development Goal (SDG) 10, which emphasizes reducing inequality, there is a growing imperative to utilize tax policy and institutions to accomplish this objective. Hence, this study is inspired by this rationale. The aim...

This paper investigates the impact of regional institutional quality on economic growth and economic resilience. Using data collected by the Quality of Government Institute, we conduct a two-way fixed effect panel regression model for around 200 European regions during the period 2010 to 2021....

Homeownership rates and holdings of housing wealth differ immensely across countries. We specify and estimate a life cycle model with risky labor income and house prices in which households face a discrete–continuous choice between renting and owning a house, whose sale is subject to...

Purpose The study examines the impact of macroeconomic risk and volatility associated with key macroeconomic indicators on financial market uncertainty; and the extent to which governance and institutional structures moderate such relationships. Design/methodology/approach The study employs data...

The experimental literature on preferences for redistribution has established that individual perceptions of what earning distributions are fair depend greatly on context. In this paper, we study an important and novel dimension of context: whether the choice to redistribute occurs before...

The geographic spread of nations would pose logistics challenges in production, distribution and servicing, impacting costs, with implications for entrepreneurship. Using panel data from 62 countries spanning the years 2006 to 2021, we find that of the different oceanic geographic dimensions...

The present paper explores how implementation of digital technologies (DTs) assists firms in transition economies in addressing weaknesses of the institutional environment surrounding them, in particular via establishment of collective governance systems. Based on case studies of three...

Much of the literature on wage inequality describes increases in wage inequality over time driven by seemingly unstoppable forces of technological change and globalisation, widening the gaps between workers and disadvantaging the lower paid. At the same time institutional protection has...

This study tests institutional quality and the growth-finance' four-contexts hypotheses by investigating the nexus between institutional quality and capital market relative to labour market growth in seven selected sub-Sahara Africa's capital market economies comprising Nigeria, South-Africa,...

This paper focuses on analyzing the impact of the shadow economy on economic growth in ASEAN countries. In particular, the authors examine the role of institutional quality in the effects of the shadow economy on economic growth, which means that this study is different from previous studies....