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The econometric literature on the effects of competition law on investment focuses almost exclusively on the consequences for inflows of foreign direct investment. What is more, the empirical papers in this literature can be counted on the figures of one hand and contain potentially contradictory findings. Precious little has been made of the potential effects of competition law enforcement on the level and composition of investment by state bodies and by domestic firms, which is surprising given that some of the recent enforcement cases in developing countries have almost certainly affected the returns on such domestic investments.
The recent World Development Report on Jobs 2 notes that government’s role should be to set conditions for private sector job creation, and remove obstacles to creating jobs with the highest development payoffs. Policies should also address imp...
In recent years, we have seen the enormous potential of digital technology to catalyze financial inclusion. By giving unbanked people access to financial services via mobile phones or the internet, technology is creating a brighter future for million...
This paper argues that the cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks) provides a valuable measure of international financial integration, reflecting accurately the factors that segm...
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