Finance, Institutions, and Private Investment in Africa

Establishment and Operations of Private Banks & Credit Institutions in Iran

After the revolution of 1979, all of the private banks existing in Iran were nationalized and the economic system was based on public, cooperative and private sectors and banking operations were categorized in public sector. Consequently, private sector and foreign banks were bared from doing banking operations in Iran. According to the recent laws and regulations passed in Iran, the Irani...

Finance, Investment and Growth

This paper examines the relation between the institutional structures of advanced OECD countries and the comparative growth and investment of 27 industries in those countries over the period 1970 to 1995. The underlying thesis that the paper examines is that there is a matching between the institutional structures of countries and the characteristics of industries, which is reflected in the com...

Institutions, Volatility and Investment

Countries with strong executive constraints have lower growth volatility but similar average growth to those with weak constraints. This paper argues that this may explain a strong reduced-form correlation between executive constraints and in‡ows of foreign investment. It uses a a novel dataset of Dutch sectorlevel investments between 1983 and 2012 to explore this issue. It formulates an econom...

State and private institutions

Firm Size, Finance, and Investment

T here is something in our national consciousness that looks fondly upon the small firm. This affection for small business is not entirely unwarranted. Small firms account for an important part of economic activity.1 A vast majority of all businesses in the United States are small; over 90 percent have fewer than 20 employees. Small firms accounted for between 40 and 50 percent of GNP and over ...