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RESEARCH 

Institutional Quality, Risk Perception and Capital Allocation in Dubai and Addis Ababa

Exploring how institutional predictability shapes investor confidence, required returns, and capital allocation across developed and emerging real estate markets.

“This research examines why investors allocate capital differently across markets, exploring how institutional quality influences perceived risk, expected returns, and investment exposure.”

Theoretical Framework Comparison

Analyzing institutional resilience and entrepreneurial risk across global economic landscapes through specific comparative variables.

Framework
Key Variables
Relevance
Institutional Economics

Property Rights, Transaction Costs, Governance Structures, Legal Certainty

High

Entrepreneurial Risk

Market Volatility, Regulatory Hurdles, Capital Access, Innovation Velocity

Medium

Global Politics

Geopolitical Stability, Trade Agreements, Diplomatic Relations, Sanctions

High

Real Estate

Land Value, Infrastructure, Urban Planning, Environmental Impact

Medium

Theoretical Framework

Max Weber
Verstehen & Legitimation

Understanding the social foundations of institutional legitimacy and the role of bureaucracy in modern governance structures.

Joseph Schumpeter
Dynamic Innovation

Exploring the cyclical nature of economic growth through the lens of entrepreneurial disruption and creative destruction.

David Ricardo
Comparative Advantage

Mapping the global economic landscape through the lens of resource allocation and international trade dynamics.

Robert Merton
Normative Discrepancy

Investigating the gap between social norms and individual actions, particularly in the context of institutional compliance.

Paul Krugman
Imperfections & Trade

Applying the theory of imperfect competition to analyze regional economic disparities and the strategic positioning of global firms.

James Madison
Separation of Powers

Studying the institutional architecture of governance as a safeguard against the concentration of economic and political power.

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