Firm integration is fundamentally shaped by contractual frictions. But do better contracting institutions, reducing … contracting institutions. We develop a Property-Rights Theory of the multinational firm featuring partial ownership that … rationalizes this pattern and guides our econometric analysis. The estimations demonstrate that better contracting institutions …

We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure … institutions implemented by the British, on disparity in present day development using district level data from India. Using …

particular, political institutions. We find that moving to electoral democracy is positive, as is moving to electoral autocracy …

The performance of Micro Finance Institutions (MFIs) has been affected negatively by the current hypercompetitive …