I highlight some of the key econometric problems facing the literature on FDI spillovers. For the most part, the existing literature takes the approach of estimating production functions in which the total factor productivity (TFP) of the domestic firms in a particular industry/country is...

This study distinguishes between industrial policy that stimulates incumbent industry development, `pro-business policy', and industrial policy that promotes the development of free markets, `pro-market policy'. We find that there is a positive relation between the level of countries'...

This paper critically examines the phenomenon of nearshoring in Mexico within the broader context of global value chain (GVC) reconfiguration. As geopolitical tensions, rising labor costs in Asia, and the push for supply chain resilience have intensified, nearshoring has emerged as a prominent...

This paper analyzes the impact of globalization on the allocation of public and private resources for research, knowledge creation and diffusion. We argue that while the concentration of research investments remains in a relatively small number of rich countries and regions, the focus of such...

This paper analyzes the impact of globalization on the allocation of public and private resources for research, knowledge creation and diffusion. We argue that while the concentration of research investments remains in a relatively small number of rich countries and regions, the focus of such...

This article deal with the dualistic nature of the Italy System and its evolution from the 1950s to the present day, arguing that it went through a prolonged stage as essential leverage for the economy as a whole to achieve rapid development, and that as from the mid-1970s it progressively...

This paper presents a survey of the literature on property rights and economic growth. It discusses different theoretical mechanisms that relate property rights to economic development. Lack of protection of property rights can result in slow economic growth through different channels:...

This paper presents a survey of the literature on property rights and economic growth. It discusses different theoretical mechanisms that relate property rights to economic development. Lack of protection of property rights can result in slow economic growth through different channels:...

This paper aims at estimating the effect of different types of institutions on economic development. To tackle the endogeneity problem that is prevalent, an identification strategy exploiting the heteroskedasticity in the data is used. This also allows to analyze the reverse effect, running from...

Over the last couple of decades, it has become a commonplace to claim that institutions matter" for economic development. Yet, institutions are not exogenous but the result of hu-man action. It is argued here that the values and norms held by substantial parts of society’s members are an...