This paper investigates productivity spillovers from Foreign Direct Investment (FDI) to the host country. By using firm-level data from Cambodia and by regressing domestic firms' total factor productivity (TFP) and labor productivity on FDI, the study reveals that domestic firms significantly...

This paper examines the macroeconomic determinants of scientific production in Africa by focusing on direct and indirect roles that political and economic institutions may play. A theoretical model of scientific production that integrates the quality of institutions, as well as econometric...

The paper estimates the role of integration in welfare generation in a cross country framework. Once controlling for institutions, openness is generally associated with increased wage inequalities across nations. However the results for trade policy are mixed. Decrease in import taxes increase...

The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence on policy and academic debates. This paper relaxes his hypotheses on the conception, definition and measurement of finance and institutions because they are less realistic to...

This paper examines the effect of institutions on economic performance in developing countries. Based on data from the World Bank and the Global Competitiveness Report 2008-2009, we use a sample of ninety-seven developing economies and find that institutions do affect economic development in...

This paper analyzes the impact of business regulation on private investment in developing countries with a particular emphasis on sub-Saharan Africa. Using the principal component analysis methodology, we construct the following composite indexes of the regulatory framework: entry regulation,...

Both economic growth and exchange rate theories suggest that the exchange rate regime could have consequences for the medium-term growth of a country, directly, through its effects on the adjustment to shocks, and indirectly, through its impact on the important determinants of growth. It is,...

Both economic growth and exchange rate theories suggest that the exchange rate regime could have consequences for the medium-term growth of a country, directly, through its effects on the adjustment to shocks, and indirectly, through its impact on the important determinants of growth. It is,...

Using panel data for more than 80 countries from 1999-2007 this paper studies the marginal effect of education on the shadow economy, particularly considering the quality of institutions. The results show that higher levels of education fuel the shadow economy in an environment of weak political...

This paper aims to analyze the relationship between institutional quality, corruption level, and economic development. The methodology makes use of cross-national data developed by the World Bank on perceived levels of corruption, institutional framework quality and economic development to test...