We consider an intertemporal policy game between changing governments that differ in their attitudes towards a particular feature of market outcomes, exemplified with environmental pollution. When in power, a government will choose policy instruments and set strictness of regulation with a view...

We use data about the Italian Constitutional Court (1956-2005) to verify an implication of the “revisionist” explanations of judicial independence with respect to judicial appointments, namely that elected politicians reward more independent justices with appointments after the Court tenure....

Over 10 years ago, Feld and Voigt (2003) introduced the first indicator for objectively meas-uring the actual independence of the judiciary and demonstrated its utility in a large cross-section of countries. The indicator has been widely used, but also criticized. This paper pre-sents more...

In this paper, we investigate the impact of judicial independence on foreign direct investment (FDI) into Southern Europe and South Asia. The panel least square method is employed to estimate the relationship between FDI and its potential macroeconomic and instutional determinants using a sample...

The relationship between institutional quality, entrepreneurship, and economic growth has been well documented within the literature. However, much less work has been done regarding judicial independence and how this affects, specifically, entrepreneurial activity. Therefore, this paper attempts...

Even though potential impacts of political and legal environments of business on ethical behavior of firms (EBOF) have been conceptually recognized, not much evidence (i.e., empirical work) has been produced to clarify their role. In this paper, using Bayesian causal maps (BCMs) methodology,...