After the extensive destruction caused by the violence that followed the vote for independence on August 30th, 1999, the reconstruction of East Timor's infrastructure inevitably was the top priority. Supported by massive aid inflows, achievements in this area have been quite remarkable. As a...

Political risk is widely present in developing but also in developed countries, and stems from a variety of sources. The objective of this paper is twofold. First, we develop a theoretical model to investigate the impact of political risk on irreversible investment. Second, we apply our model to...

While the consequences of becoming an EU member state for national policies are usually the core concern of pre-membership debates and of post-accession assessments, studies on the effects of European integration on the political systems of the now fifteen member states have so far been less...