Randolph Luca Bruno

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We analyse a three-year panel data set of Russian firms spanning from 2000 to 2002 and we investigate the effect of regional institutional and economic factors on entry rates across time, industries and regions. The paper builds on a novel database and exploits inter-regional variation in a large number of institutional variables. We find entry rates in(More)
Reexamining the Conditional Effect of Foreign Direct Investment The prevailing consensus is that foreign direct investment (FDI) effects are conditional. At the macro level, they depend upon minimum levels of human capital or financial development, while at the micro level, they depend on type of linkage (forwards, backwards, or horizontal). This paper(More)
We explore the relationship between development policies, finance and growth as approached by New Structural Economics (NSE) (Lin, 2012) with special reference to Transition Economies. On a sample of 164 economies for 1963-2009, our analysis generally confirms NSE’s propositions that the type of development policy, as captured by the Technology Choice Index(More)
The paper consists of an empirical analysis of the separate as well as joint impacts on total and youth unemployment of indicators of labour market policies on the one hand, and the financial crisis associated with the ‘‘Great Recession’’ on the other. In particular, we investigate labour market data in the past two decades for the Enlarged Europe and adopt(More)
The focus of this paper is the analysis of the persistent lawlessness attitude observed in some transition and developing countries where an overall increase in the quality of institutions is recorded. The mechanism of information diffusion on institutional quality is explored using a model where the state confronts a continuum of agents prone to either(More)
This paper explores how cross-sectional data can be exploited jointly with longitudinal data, in order to increase estimation efficiency while properly tackling the potential bias due to unobserved individual characteristics. We propose an innovative procedure and we show its implementation by analysing the determinants of consumption in Nicaragua, based on(More)
FDI Impact on Firm Performance in Enlarged Europe: Evidence from a Meta-Regression Analysis This paper combines, explains and summarizes recent findings from the empirical literature focusing on the FDI’s effect on firms’ performances by collecting all the relevant firm level quantitative studies to run a regression of regressions focused on Enlarged(More)
In Central and Eastern Europe the restructuring process of large state enterprises had the effect of increasing unemployment. Social policy expenditure, in particular nonemployment policies, grew faster then expected due to the need of financing the out of labor force categories. The interactions among unemployment, speed of transition and nonemployment(More)