This study develops a causal model of the independent effect of organized crime, rule of law,
and corruption on national wealth. To measure the level of organized crime a Composite …

The prediction that economic freedom is beneficial in reducing corruption has not been
found to be universally robust in empirical studies. The present work reviews this …

Data from several investor surveys suggest that macroeconomic instability, investment
restrictions, corruption and political instability have a negative impact on foreign direct …

This paper examines the role of affiliation with the ruling Communist Party in the operation of
private enterprises in China. Using a nationwide survey of private firms, we find that the …

The manufacturing sectors of developing countries have traditionally been relatively
protected. They have also been subject to heavy regulation, much of which has favored …

Despite the dramatic increase in total foreign direct investment (FDI) flows to developing
countries in the last few years, the bulk of the inflows has been directed to only a limited …

Corruption and imperfect contract enforcement dramatically reduce international trade. This
paper estimates the reduction using a structural model of import demand in which insecurity …

The flow of foreign direct investment into developing countries varies greatly across
countries and over time. The political factors that affect these flows are not well understood …

The concept of good enough governance provides a platform for questioning the long menu
of institutional changes and capacity‐building initiatives currently deemed important (or …

While much attention has been devoted to analyzing how the institutional framework and
entrepreneurship impact growth, how economic policy and institutional design affect …