The name is absent

indicators for CBI, which are widely believed to be less relevant for developing countries. Third, we
examined the role of high inflation countries, following the approach suggested by Temple (1998).
Our results are in sharp contrast to most previous studies as we find that once various control variables
are included, the CBI proxy is often not significant. We also conclude that in those regressions in
which the CBI proxy is significant, the coefficient of the TOR becomes significant only after high
inflation countries are added to the sample.

<<   <   4   5   6   7   8   9   10   >   >>