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Full-Text Articles in Social and Behavioral Sciences
Determinants Of Firm Innovation In Indonesia: The Role Of Institutions And Access To Finance, Edo Mahendra, Ubaidillah Zuhdi, Ratnawati Muyanto
Determinants Of Firm Innovation In Indonesia: The Role Of Institutions And Access To Finance, Edo Mahendra, Ubaidillah Zuhdi, Ratnawati Muyanto
Economics and Finance in Indonesia
This paper investigates the determinants of firm innovation in Indonesia. Using quality of local regulations index constructed by the Indonesia's Regional Autonomy Watch (KPPOD) as measure of institutions, We found that better institutional quality at the local level was associated with more innovation and that firms experiencing major obstacle in access to finance were less likely to innovate. Access to finance is more critical for small and medium enterprises (SMEs) whereas institutional quality is more important for large firms. The positive impact of better institutions on innovation is asymmetrically distributed. Better local institutional quality disproportionately benefited non-constrained firms.
Is All Foreign Aid The Same? : An Empirical Comparison Of The Effect Of Multilateral And Bilateral Aid On Growth, Scott B. Jeffrey
Is All Foreign Aid The Same? : An Empirical Comparison Of The Effect Of Multilateral And Bilateral Aid On Growth, Scott B. Jeffrey
Undergraduate Economic Review
Despite decades of research on foreign aid, there is little to no consensus on foreign aid’s effect on growth. While most in the field study recipient country characteristics, such as institutional quality, this paper also breaks down foreign aid by donor characteristics, specifically by bilateral and multilateral donors. Since about 75% of foreign aid is bilateral, my bilateral findings are in line with previous literature that finds high institutional quality key (Burnside and Dollar 2000; 2004), but I find that multilateral aid works best in low-income countries with poor policy environments, due, perhaps, to lacking political goals of donor countries.
State Failure And Political Instability: The Impact Of Educational Attainment In Africa, Jesse D. Neugarten
State Failure And Political Instability: The Impact Of Educational Attainment In Africa, Jesse D. Neugarten
Undergraduate Economic Review
I investigate the role of educational attainment on state failure and political stability across the African continent. For the empirical analysis, I estimate a Linear Probability Model (LPM) for State Failure by Ordinary Least Squares (OLS). I hypothesize that differences in educational attainment in Africa can explain differences in political stability and state failure. Furthermore, I believe that this effect has persisted over time and that early educational attainment in the late colonial and early independence era is a significant determinant of state affairs in more recent times. I find that early secondary educational attainment explains higher state stability, while …