Datasets
Monthly Archives: December 2013
World Economic Forum (WEF)
Penn World Table
BP Statistical Review of Energy 2013
Transatlantic postdoctoral fellowship for international relations and security
European Union Institute for Security Studies, EU
The European Union Institute for Security Studies invites applications for its transatlantic postdoctoral fellowship for international relations and security. This enables candidates who have recently received their doctorate in social and political sciences or economics, and whose work focuses on international relations, peace or security issues, to spend three eight-month stays at participating research institutions or think tanks. At least one stay must be on the Eastern side of the Atlantic and one on the Western side. Each candidate must have successfully defended their PhD by 1 October 2014 and must either be a citizen or a resident of the US, Canada or Europe for at least two and a half years in the five years before the application deadline.
Funding provides a monthly stipend of €1,800, a monthly health insurance allowance of €200 and a one-time travel allowance of €3,500 for travel to and from the host institutions.
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Featured Article: Lim (2013)
“Institutional and Structural Determinants of Investment Worldwide”
by Jamus Jerome Lim
Abstract
This paper considers institutional and structural factors associated with investment activity in a panel of up to 129 developed and developing countries. It introduces these factors to a standard neoclassical investment function for open economies, and find that financial development and institutional quality are reasonably robust determinants of cross-country capital formation, with latter displaying more stability in the sign and significance of its coefficient. Indeed, when endogeneity concerns are addressed more explicitly using external instruments, and both interactions and subsamples are considered, institutional quality tends to survive as the causal determinant of investment.
Keywords: Investment, fi nancial development, institutional quality.
JEL Classi cations: E22, E02, O16
The full article is available as a World Bank Policy Research Working Paper 6591. Please also note that we have added it to the topic ‘Geography, Institutions, and Economic Growth‘ on the InsTED site.
Featured Article: Dort, Méon and Sekkat (2013)
“Does Investment Spur Growth Everywhere? Not Where Institutions Are Weak”
by Thibaut Dort, Pierre-Guillaume Méon and Khalid Sekkat
Abstract
We investigate the impact of investment on growth in a sample of developed and developing countries, conditioning the marginal effect of investment on institutional quality. The panel structure of our dataset allows controlling for unobserved heterogeneity and dealing with the risk of endogeneity bias. In line with our expectations, we find that investment increases growth more in countries with high institutional quality than in countries with defective institutions. The results are essentially driven by government instability, corruption, and the rule of law.
Keywords: growth, investment, institutions.
JEL Classi cations: O11, E02, P48
The full article is available as a CEB Working Paper N° 13/030. Please also note that we have added it to the topic ‘Geography, Institutions, and Economic Growth‘ on the InsTED site.
Welcome new member
We would like to welcome the following new member of the InsTED network.
Dr Petros Sekeris (University of Portsmouth) His research interests are in applied microeconomics, including in development economics, the political economy of developing countries, institutional economics, and in the economics of conflicts.