This paper investigates the determinants of fiscal decentralisation, focusing in particular on the impact of the level of income on the level of fiscal decentralisation. Various measures of fiscal decentralisation, several of them novel in this context, are employed in a cross-country...

This paper examines the contemporaneous relationship between the exchange rate regime and structural economic reforms over a period of 30 years. We investigate empirically whether structural reforms are complements or substitutes for monetary commitment in the attempt to improve macroeconomic...

Theories of civil war highlight how relative power affects conflict onset, dynamics, strategy, outcome, and duration. Yet most studies of civil war have not been able to capture rebel power adequately and often rely on national-level characteristics to infer relative power distributions. This...

Empirical study has worn essential theoretical edges from the power transition theory and rival balance-of-power theories, leaving a misshapen question: does parity in quantitative power capabilities of opposing individual states discourage or encourage war between those two states? Distortions...

Countries have better abilities and stronger incentives to engage in militarized conflicts the larger and more powerful they are. The article applies Zipf's notion of a ``gravity model'' to the risk of interstate conflict and argues that the empirical relationship between size and distance and...

The goal of this paper is provide a theory of K-person non-stationary Markov games with unbounded rewards, for a countable state space and action spaces. We investigate both the finite and infinite horizon problems. We define the concept of strong Nash equilibrium and present conditions for both...

The bispectrum and third-order moment can be viewed as equivalent tools for testing for the presence of nonlinearity in stationary time series. This is because the bispectrum is the Fourier transform of the third-order moment. An advantage of the bispectrum is that its estimator comprises terms...

This study applies Panel KSS Test with a Fourier function through the Sequential Panel Selection Method, proposed by Chortareas and Kapetanios (2009), to test whether housing bubbles exist in South Africa using the ratio of housing price to income in 9 provinces (i.e., Eastern Cape, Free State,...

This study applies the Sequential Panel Selection Method (SPSM) to investigate the time-series properties of provincial house prices for entire, large, medium, and small middle-segments of South Africa. Quarterly time-series data were collected from nine provinces in South Africa for different...