Does Institutional Quality Foster Economic Complexity?

Does globalization foster economic growth?

This article focuses on two distinct faces of globalization: the decrease in trade costs of goods and the decline of affiliation costs of joint ventures by foreign firms with local firms. The decrease of affiliation costs drives relocation of firms from the North to the South. When the market size of the North is relatively small (resp. large), the growth rate monotonously decreases (resp. firs...

Does Democracy Foster Trust?

Does Democracy Foster Trust? The level of trust inherent in a society is important for a wide range of microeconomic and macroeconomic outcomes. This paper investigates how individuals’ attitudes toward social and institutional trust are shaped by the political regime in which they live. The German reunification is a unique natural experiment that allows us to conduct such a study. Using data f...

Psychopathology after foster care or institutional rearing.

576 www.thelancet.com/psychiatry Vol 2 July 2015 5 Upthegrove R, Chard C, Jones L, et al. Adverse childhood events and psychosis in bipolar aff ective disorder. Br J Psychiatry 2015; 206: 191–97. 6 Catone G, Marwaha S, Kuipers E, et al. Bullying victimisation and risk of psychotic phenomena: analyses of British national survey data. Lancet Psychiatry 2015; published online May 21. http://dx.doi...

The Impact Of Institutional Quality On Relation Between Resource Abundance And Economic Growth

When Does Competition Foster Commitment?

C a firm that would like to commit to a focused business strategy because focus improves efficiency and thus increases profit. We identify two general conditions under which tougher competition strengthens the firm’s ability to commit to a focused strategy. Under these conditions, competition fosters commitment for two reasons: (i) competition reduces the value of the option to diversify (the c...