Contracts between governments and international firms are difficult to enforce, especially under weak institutions: governments are tempted to renegotiate tax payments after investments occurred. Theoretically, such a hold-up problem is solved by using selfenforcing agreements that increase the...

Does good governance matter for exporting to the highly competitive markets of developed countries, especially those committed to a developmental mission centered on promoting good governance? This paper is investigating this research question. The focus of the analysis is the case study of Arab...

We investigate empirically how electoral democracy and judicial independence relate to personal freedom. While judicial independence is positively and robustly related to personal freedom in all its forms, electoral democracy displays a robust, positive relationship with only two out of seven...

Do legal institutions affect norms of cooperation? Using the introduction of the Code Napoleon during the Napoleonic Wars in Germany as a historical experiment, I show that a positive shock to the quality of legal institutions can increase social-capital long-lastingly. I find that individuals...

Tolerance has the potential to affect both economic growth and wellbeing. It is therefore important to discern its determinants. We add to the literature by investigating whether the degree to which economic institutions and policies are market-oriented is related to different measures of...

Resource abundance characterizes economies within the MENA region from North Africa to the Middle East. As such, to improve financial development (FD) for regional economic sustainability, this study provides a comprehensive analysis of the roles of natural resources abundance and institutional...

It is often argued that a saticfactory institutional quality is prerequi- site for successfull financial integration. This paper analyzes the influence of financial integration on institutional quality. We construct a dynamic politico-economic model in which the ruling elite uses its political...

This paper analyzes the influence of financial integration on institutional quality. We construct a dynamic political-economic model of an autocracy in which a ruling elite uses its political power to expropriate the general population. Although financial integration reduces capital costs for...

Do women really improve conditions for gender equality after becoming heads of states? This study investigates if having a woman at the helm of country's decision making processes leads to better indicators on women conditions. Using time series observations for the period 2000-2011, we test the...

This paper shows how colonial powers permanently shaped the pattern of Chinese cities through the establishment of Concessions - foreign enclaves within Chinese cities. Based on a sample of 130 city districts within 10 Chinese cities, we find that districts with Concessions have higher land...