Search results for "institutional quality"
showing 10 items of 16 documents
Are competitiveness rankings and institutional measures helping emerging economies to improve?
2022
Purpose – Based on the rankings of the global competitiveness index and the fragile states index, this paper aims to suggest alternative approaches to shed some light on the effectiveness of rankings in helping emerging economies improve their competitiveness from an institutional standpoint. Design/methodology/approach – The statistical analysis consisted of a two-stage analysis; the first stage consisted of constructing an updated Alternative Institutional Quality Index (AIQI), intending to design a comparative measure between dimensions over time. The second stage consisted of evidencing the structure of each of the observed dimensions' variance to evidence the existing changes or gaps o…
How "attractive" is good governance for FDI?
2008
Japan's FDI drivers in a time of financial uncertainty. New evidence based on Bayesian Model Averaging
2021
En este artículo analizamos los determinantes del stock de FDI saliente de Japón para el período 1996–2017. Este período es especialmente relevante ya que abarca un proceso de creciente globalización económica y dos crisis financieras. Para ello, consideramos un amplio conjunto de variables candidatas basadas en la teoría, así como en análisis empíricos previos. Nuestra muestra incluye un total de 27 países anfitriones. Seleccionamos las covariables utilizando una metodología basada en datos, el análisis Bayesian Model Averaging (BMA). Además, también analizamos si estos determinantes cambian según el grado de desarrollo (emergentes vs desarrollados) o las áreas geográficas (UE vs Asia Orie…
Political discretion and corruption: the impact of institutional quality on formal and informal entrepreneurship
2017
This paper analyses the impact of political discretion and corruption on firm creation rates, distinguishing between formal and informal entrepreneurship. The results show that political discretion discourages the creation of formal enterprises as fewer restrictions on the government's opportunistic behaviour increases uncertainty and risks for entrepreneurial activities. Corruption also has a negative influence on formal entrepreneurship, as it increases the costs of the procedures required to create and manage the company with no assurance that the other party will fulfil the agreement. Regarding informal entrepreneurship, our results show that the negative impact of corruption also appli…
Do debt crises boost financial reforms?
2014
"Published online: 15 Aug. 2014"
Emerging Economies’ Institutional Quality and International Competitiveness: A PLS-SEM Approach
2021
The home country’s institutional framework determines the capacity to compete in the global arena. This paper discusses the linkage between institutional quality (IQ) and international competitiveness (IC). We measured institutions’ quality in emerging economies through the use of selected indicators between 2007–2017. To evaluate the proposed IQ constructs and their relationship with IC, we applied partial least squares – structural equation modeling (PLS-SEM) analysis. The model outcomes suggest that political and lack of systemic conditions have a significant and negative effect on international competitiveness, while science, technology, engineering and mathematics (STEM) resource condi…
Institutional Quality and International Competitiveness
2008
HOME COUNTRY INSTITUTIONAL EFFECTS ON INTERNATIONAL COMPETITIVENESS
2023
La qualità delle istituzioni di un Paese ha un effetto significativo sulla sua performance economica. Istituzioni forti possono garantire un'allocazione efficiente delle risorse, ridurre l'incertezza e gli attriti e favorire il coordinamento tra gli agenti economici. Al contrario, istituzioni deboli determinano una riduzione degli investimenti, un rallentamento della crescita della produttività e una minore crescita del PIL. Buone istituzioni favoriscono le sinergie tra gli investimenti diretti esteri e le imprese locali, nonché le ricadute di produttività. Al contrario, istituzioni poco sviluppate possono interferire con le attività produttive e impedire lo sfruttamento delle ricadute di c…
Home Country Institutions and Outward FDI: An Exploratory Analysis in Emerging Economies
2020
Although the internationalization of economies is driven by specific industry conditions or business-specific differences, the institutions that exist as background conditions directly determine firms&rsquo
Income inequality, fiscal stimuli and political (in)stability
2016
Using data for a large panel of countries, this paper investigates the role played by income inequality and fiscal stimuli episodes in shaping the likelihood of political stability. By means of Tobit estimations, we show that a rise in inequality increases the probability of government crises. However, such adverse distributional effect is reduced when expansionary or increasingly expansionary fiscal stimuli episodes or successful fiscal stimuli programs are put in place.