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...
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详细
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2013/09/01
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政策研究报告
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WPS6591
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1
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1
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2013/09/01
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Disclosed
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Institutional and structural determinants of investment worldwide
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ratio of stock market