This paper investigates the impact of regional institutional quality on economic growth and economic resilience. Using data collected by the Quality of Government Institute, we conduct a two-way fixed effect panel regression model for around 200 European regions during the period 2010 to 2021....

The experimental literature on preferences for redistribution has established that individual perceptions of what earning distributions are fair depend greatly on context. In this paper, we study an important and novel dimension of context: whether the choice to redistribute occurs before...

The Blue Economy in Africa, with its extensive aquatic and marine resources, is expected to play a major role in the continent's climate adaptation. It presents distinct opportunities to generate jobs and encourage economic growth while addressing the concerns of food security and climate...

Taking inspiration from the work of Douglass North, much institutional research attempts a distinction between 'formal' and 'informal' institutions. North often associated 'formal institutions' with rules enforced through a legal system. It is suggested here that this lead should be followed and...

Crises constitute a fascinating context in which to investigate the resilience of institutional arrangements, or their breakdown and change, and to shed light on the interplay between formal and informal institutions in this process. The papers in this symposium focus on crises from political...

We propose a framework for institutional change in the 'rules-in-equilibrium' tradition and introduce the term institutional incompleteness. Institutions are incomplete when their constituent rules fail to induce behavioural beliefs about the strategies of others and hence fail to achieve an...

The project 'Building capacity for evidence-informed policymaking in governance and public administration in a post-pandemic Europe' was inspired by the need of Member States to respond to complex policy issues requiring specialised knowledge, such as the COVID-19 pandemic. The pandemic led to a...

The main purpose of this study is to compare foreign direct investment (FDI) patterns in Latvia and Serbia, examining underlying trends, institutional frameworks, and historical contexts that shape investment dynamics. By analyzing regulatory structures, incentive schemes, and investment...

Deepening institutional instability, increasing regulatory uncertainty, and growing infrastructure imbalances in the context of a full-scale war in Ukraine have created a threat to the sustainability of the investment environment, which has led to the need to rethink the factors of its formation...

Independent fiscal institutions, sometimes also called Fiscal Councils, are an important component of any national fiscal framework. As a result of the economic governance review at EU level, the role of IFIs in EU legislation was strengthened. In particular, the amended Directive on national...

This paper analyzes the economic growth trajectories of post-communist countries that emerged following the collapse of the USSR. I treat the Soviet Union's sudden dissolution as a natural experiment that triggered rapid institutional changes, providing a unique opportunity to iso- late...

Although the relationship between ESG performance and firm performance has been the subject of several studies, the nonlinear relationship between ESG performance and the corporate performance of insurance companies remains less explored, specifically in the Middle East, North Africa, and Turkey...

The impact of intellectual capital on green innovation has been extensively studied at the firm level. However, the influence of moderating factors on this dynamic at the national level remains underexplored in previous studies. This study examines the role of institutional quality in moderating...

How culture affects banks' digital transformation (BDT) is understudied. We discover that clan culture inhibits BDT in China. Clan culture's short-radius trust requires banks to have more physical branches and employees to establish trust, and its risk aversion reduces banks' willingness to bear...

To understand the capitalist state, often labeled as the "modern state," it is imperative to analyze the relations of dialectical unification between the class nature of the state and its public character with the perspective of historical materialism. From the narrative logic of Capital ,...

We examine the influence of institutional framework conditions on the productivity potential of new entrepreneurial businesses in advanced and developing economies using primary data from the Global Entrepreneurship Monitor from 2006 to 2022. We combine each economy's institutional conditions...

The geographic spread of nations would pose logistics challenges in production, distribution and servicing, impacting costs, with implications for entrepreneurship. Using panel data from 62 countries spanning the years 2006 to 2021, we find that of the different oceanic geographic dimensions...

Based on corrected nighttime light data and firm-level data from 1998 to 2010, we use an urban sprawl index that properly captures the subtle differences in density distribution within cities, extend a hyperbolic distance specification within a parametric stochastic framework to the analysis of...

Codes of governance have mushroomed in contexts operating under a single, dominant institutional logic, such as publicly listed corporations. These codes act as institutional prescriptions that help spread best practices throughout industries. More recently, in some countries, specific codes...

Russia's invasion and occupation of Ukrainian territory since 2014 has forced its government to implement emergency measures that challenge legal order. This paper examines how citizens' exposure to these security responses shapes their perceptions of the rule of law. Using proximity to war...

Homeownership rates and holdings of housing wealth differ immensely across countries. We specify and estimate a life cycle model with risky labor income and house prices in which households face a discrete-continuous choice between renting and owning a house, whose sale is subject to transaction...

The relationship between fiscal policy and foreign direct investment (FDI) inflows in advanced economies remains debated due to a lack of comprehensive studies on this topic. Notably, no research has explored how institutional quality moderates the fiscal policy-FDI nexus in these countries....

This paper investigates how democracy influences economic growth through innovation and institutional quality. Using an augmented Solow growth model and panel-data mediation analysis across 123 countries (2011-2022), we quantify democracy's impact on GDP per capita. Our results show that...

This study investigates how new R&D institutions mediate policy-market disjunctures to foster integrated innovation and entrepreneurship ecosystems. Employing a longitudinal case analysis (2013-2023) of the Jiangsu Industrial Technology Research Institute (JITRI), we delineate a three-phase...

This paper investigates the growth impact of the EU's Structural, Cohesion and Pre-accession Funds. We look at a large sample of 27 EU countries and the UK, over a period of 1989 and 2020, essentially covering the full history of these funds. We show that the growth effect of the funds is...

Purpose - This paper aims to discuss the main characteristics of the Middle East North Africa (MENA) region's capital inflows volatility. It also examines the effect of institutional quality and information availability on capital inflows volatility in selected MENA countries (Bahrain, Egypt,...