While people in democracies can vote their government out when they are discontent with its policies, those in dictatorships cannot do so. They can only attempt to expel the dictator via mass protests or revolutions. Based on a general cause-and-effect mechanism, the author analyzes whether such...

The aim of this paper is to determine which country-specific characteristics promote and which impede the adoption of institutions. On the basis of a broad panel of 183 countries for the period between 1996 and 2010, we test whether there are tendencies towards a general improvement and towards...

The main aim of this study is to estimate an econometric model for describing the evolution of actives/GDP in 18 European countries in 2010. This variable is a proxy for financial stability and it depends on market share of the first 5 banks in each countries and the inflation rate. Moreover,...

In this paper, we follow the theoretical framework proposed by Djankov et al. (2003) to investigate the role of the state in resolving business disputes and its impact on enterprise performance. Using a survey of private enterprises in China, we first construct an index to quantify the power of...

Die Bürgerinnen und die Bürger können im Staat nicht alles selbst entscheiden. Sie brauchen Repräsentanten. Charles B. Blankart, Humboldt-Universität zu Berlin und Universität Luzern, und Dennis C. Mueller, Universität Wien, stellen in ihrem Kommentar fünf Regierungsmodelle vor und...

During the Great Recession, both the Supplementary Nutrition Assistance Program (SNAP) and the federal-state unemployment insurance (UI) program experienced dramatic increases in participation. Using Michigan program administrative data on all SNAP (2006-2011) recipients and all UI (2001-2010)...

The article considers and justifies modern approaches to determining priority directions of formation of the state policy of development of the transportation branch and development of transportation companies from the point of view of investment security. It offers a mechanism of formation and...

The article studies modern approaches to assessment of personnel and offers a system approach to assessment of personnel in the context of economic security of economic subjects. It systemises main elements of the system of assessment of personnel from the point of view of economic security of...

The goal of the article is to study indicators of economic security of recreation companies and identification of priority directions of its achievement. The article analyses threats and risks in conducting activity of recreation companies, identifies dynamics of resulting factors, which reflect...