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The paper estimates institutional efficiency of a sample of EU and OECD countries. We employ an output-oriented Data Envelopment Analysis (DEA-like) approach where six Worldwide Governance Indicators published by the World Bank in 2009 constitute a vector of outputs. Assuming that all countries...
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The article deals with political risk, its definition, assessment and measuring. In the theoretical part different approaches to the definition of political risk are discussed and methodical approaches to its measuring and assessment are explained. The practical part is focused on the analysis...
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