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FDI Waves, Waves of Neglect of Political Risk
Méon, Pierre-Guillaume; Sekkat, Khalid - Solvay Brussels School of Economics and Management, … - 2012
Studies of the impact of local political risk on foreign direct investment inflows overlook that worldwide FDI comes in waves. Using a simple model we show that the impact of political risk on FDI inflows is likely to be weaker, the larger the worldwide amount of FDI, which may question standard...
Persistent link: https://www.econbiz.de/10011011751
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Institutional reforms now and benefits tomorrow: How soon is tomorrow?
Méon, Pierre-Guillaume; Sekkat, Khalid; Weill, Laurent - Solvay Brussels School of Economics and Management, … - 2009
This paper investigates the timing of the impact of changes in checks and balances on macroeconomic efficiency in a panel of countries. Using Battese and Coelli’s one-stage approach, we find that increasing checks and balances results in greater efficiency. Furthermore, the impact of...
Persistent link: https://www.econbiz.de/10009211289
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Does investment spur growth everywhere? Not where institutions are weak
Méon, Pierre-Guillaume; Sekkat, Khalid; Dort, Thibaut - Centre Emile Bernheim, Solvay Brussels School of … - 2013
more in countries with high institutional quality than in countries with defective institutions. The results are …
Persistent link: https://www.econbiz.de/10010687741
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The formal and informal institutional framework of capital accumulation
Méon, Pierre-Guillaume; Sekkat, Khalid - Centre Emile Bernheim, Solvay Brussels School of … - 2013
. Specifically, the marginal impact of formal legal institutions decreases with trust, and vice versa. These findings apply both to …
Persistent link: https://www.econbiz.de/10010699087
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The Effect of Regional Entrepreneurship Culture on Economic Development - Evidence for Germany
Fritsch, Michael; Wyrwich, Michael - Disciplinegroep Economische Geografie, Faculteit … - 2014
We use the historical self-employment rate as an indicator of a regional culture of entrepreneurship and link this measure to economic growth in recent periods. The results indicate that German regions with a high level of entrepreneurship in the mid-1920s have higher start-up rates about 80...
Persistent link: https://www.econbiz.de/10010764861
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FDI Waves, Waves of Neglect of Political Risk
Méon, Pierre-Guillaume; Sekkat, Khalid - In: World Development 40 (2012) 11, pp. 2194-2205
Studies of the impact of local political risk on foreign direct investment inflows overlook that worldwide FDI comes in waves. Using a simple model we show that the impact of political risk on FDI inflows is likely to be weaker, the larger the worldwide amount of FDI, which may question standard...
Persistent link: https://www.econbiz.de/10010588317
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Trust as the missing root of institutions, education, and development
Méon, Pierre-Guillaume; Bjørnskov, Christian - Centre Emile Bernheim, Solvay Brussels School of … - 2012
In the paper, we argue that trust is the missing link relating education, institutions, and economic development. We … argue that increased trust both increases education and improves legal and bureaucratic institutions, which in turn spurs … education and the quality of institutions, and that education and institutions in turn affect GDP per capita. …
Persistent link: https://www.econbiz.de/10010968984
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The Effect of Regional Entrepreneurship Culture on Economic Development - Evidence for Germany
Fritsch, Michael; Wyrwich, Michael - Wirtschaftswissenschaftliche Fakultät, … - 2014
We use the historical self-employment rate as an indicator of a regional culture of entrepreneurship and link this measure to economic growth in recent periods. The results indicate that German regions with a high level of entrepreneurship in the mid- 1920s have higher start-up rates about 80...
Persistent link: https://www.econbiz.de/10010884466
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Is trust the missing root of institutions, education, and development?
Bjørnskov, Christian; Méon, Pierre-Guillaume - In: Public Choice 157 (2013) 3, pp. 641-669
We report evidence that trust is the missing root relating education, institutions, and economic development. We … observe that more trust both increases education and improves legal and bureaucratic institutions, which in turn spurs … both education and the quality of institutions, and that education and institutions in turn affect GDP per capita …
Persistent link: https://www.econbiz.de/10010988080
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Does persistence in start-up activity reflect persistence in social capital?
Fritsch, Michael; Wyrwich, Michael - 2015
Emerging literature shows that spatial differences in entrepreneurship tend to persist over longer periods of time. A potential mechanism underlying this pronounced persistence is that high levels of start-up activity lead to the emergence of a regional culture and a supporting environment in...
Persistent link: https://www.econbiz.de/10011348206