Essec\Faculty\Model\Contribution {#2216
  #_index: "academ_contributions"
  #_id: "10553"
  #_source: array:26 [
    "id" => "10553"
    "slug" => "institutional-and-structural-determinants-of-investment-worldwide"
    "yearMonth" => "2014-09"
    "year" => "2014"
    "title" => "Institutional and Structural Determinants of Investment Worldwide"
    "description" => "LIM, J. (2014). Institutional and Structural Determinants of Investment Worldwide. <i>Journal of Macroeconomics</i>, 41(4), pp. 160-177."
    "authors" => array:1 [
      0 => array:3 [
        "name" => "LIM Jamus"
        "bid" => "B00741035"
        "slug" => "lim-jamus"
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:3 [
      0 => "Cross-country investment"
      1 => "Financial development"
      2 => "Institutional quality"
    ]
    "updatedAt" => "2021-07-13 14:31:38"
    "publicationUrl" => "https://doi.org/10.1016/j.jmacro.2014.05.007"
    "publicationInfo" => array:3 [
      "pages" => "160-177"
      "volume" => "41"
      "number" => "4"
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "This paper considers institutional and structural factors associated with investment activity in a panel of up to 129 developed and developing countries. We introduce 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."
      "en" => "This paper considers institutional and structural factors associated with investment activity in a panel of up to 129 developed and developing countries. We introduce 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."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-11-21T18:21:43.000Z"
    "docTitle" => "Institutional and Structural Determinants of Investment Worldwide"
    "docSurtitle" => "Journal articles"
    "authorNames" => "<a href="/cv/lim-jamus">LIM Jamus</a>"
    "docDescription" => "<span class="document-property-authors">LIM Jamus</span><br><span class="document-property-authors_fields">Economics</span> | <span class="document-property-year">2014</span>"
    "keywordList" => "<a href="#">Cross-country investment</a>, <a href="#">Financial development</a>, <a href="#">Institutional quality</a>"
    "docPreview" => "<b>Institutional and Structural Determinants of Investment Worldwide</b><br><span>2014-09 | Journal articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://doi.org/10.1016/j.jmacro.2014.05.007" target="_blank">Institutional and Structural Determinants of Investment Worldwide</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 8.802192
  +"parent": null
}