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The Kantian thought had advanced the idea that wars and military expenditure should decrease as long as democracy widens across the World. Historical evidence seems to invalidate this wisdom because frequency of wars is ncreasing over time and a large amount of public resources is still being...
Persistent link: https://www.econbiz.de/10009369173
In the II postwar phase of intensive growth, Italian policy makers, controlling banking system, used credit deepening as the leading instrument for policy targets: the industrialization of the country and reduction of regional disparities. This work presents a reconstruction of territorial long...
Persistent link: https://www.econbiz.de/10005027141
Investigating on the reasons of British overseas investments (1850-1913) we analyze two different approaches on data and we conclude that they are not different from a stochastic view. Inquiring on ‘push’ approach, we find that exists a negative correlation between GDP and overseas...
Persistent link: https://www.econbiz.de/10005619497