The paper investigates whether the decline in environmental quality in BRIC economies is due to high energy consumption level which is a resultant of rapid economic growth. We answer this using environmental, macroeconomic and financial variables along with Kyoto Protocol indicators based on...

Despite the recent growth resurgence, Sub-Saharan Africa (SSA) remains the poorest region in the world. At the same time, it is a region that heavily relies on natural resources. In this paper we investigate the extent to which the second fact helps explain the first one. The distinctive feature...

The informal economy has burgeoned in many transition economies but particularly in those of the Former Soviet Union. While this variation has commonly been related to the prevalent tax regimes and the degree of transparency in the legal and commercial system, the causality is far from obvious...