This paper analyses a longitudinal dataset on legal protection of shareholders over a 36 year period, 1970--2005, for four advanced countries, the UK, France, Germany and the USA. It examines two aspects of the legal origin hypothesis--whether shareholder protection is higher in the common law...

This article examines the unemployment consequences of an employment protection law (EPL) on the basis of OECD EPL indicators for 23 OECD countries over the period 1990–2008. Using the alternative dynamic panel data models and panel causality tests, it examines the validity of the neo-liberal...

The statistical objections raised against the Singer-Prebisch thesis regarding the secular decline in the terms of trade of primary products in relation to manufactures, do not have as sound a basis as is generally supposed they have on a priori grounds. The projection of that historical...