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Corruption literature within economics has long returned ambiguous results with no concise cause or impact of … corruption identified. This meta-analysis aims to find synergy within the corruption literature by assessing macroeconomic … empirical studies that evaluate whether corruption "greases or sands" the wheels of economic development. The meta …
Persistent link: https://www.econbiz.de/10012522615
Using a dynamic panel data framework, we investigate the relationship between the two major forms of terrorism and foreign direct investment (FDI). We then analyze how these relationships are affected by foreign aid flows. The analysis focuses on 78 developing countries for 1984- 2008. Our...
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-permanent) membership on the United Nations Security Council (UNSC) on the subnational distribution of World Bank aid. Specifically, we … analyze whether World Bank projects are targeted to regions in which the head of state was born, or to regions dominated by … regions) receive significantly more World Bank projects and loan commitments during UNSC membership years compared to other …
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According to the Washington Consensus, developing countries’ growth would benefit from reductions in barriers to trade. However, the empirical basis for judging trade reforms is weak. Econometrics are mostly ad hoc; results are typically not judged against models; policies are poorly measured;...
Persistent link: https://www.econbiz.de/10011294505
In this paper we document the stylized facts about the relationship between international oil price swings, sovereign risk and macroeconomic performance of oil-exporting economies. We show that even though being a bigger oil producer decreases sovereign risk–because it increases a...
Persistent link: https://www.econbiz.de/10011950480
This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...
Persistent link: https://www.econbiz.de/10011290078