主题：Intrinsic Openness and Endogenous Institutional Quality

时间：1月15日 15:30-17:00

地点：中欧平台武东路校区526

演讲者：魏尚进，哥伦比亚大学教授，亚洲开发银行前首席经济学家

摘要：Quality of public institutions has been recognized as a crucial determinant of macroeconomic outcomes. We propose that a country's intrinsic level of openness (due to population size, geography, or exogenous trade opportunities) affects its incentives in investing in better institutions. We present a simple theory and extensive empirical evidence validating the role of intrinsic openness in determining governance quality. This suggests an indirect but important channel for globalization to improve welfare by raising the quality of governance.