Purpose Tax incentives can be a useful tool to stimulate investment in developing countries. However, interest groups often are able to exert considerable influence in its management, if not its design. The purpose of this paper is to use a power-based approach to the political economy of tax...

Purpose The literature studying the effect of democratic political systems on financial development has found conflicting results. Besides, recent work has focused on the level effects of democracy on financial outcomes showing evidence of positive, negative and no direct impact. This paper aims...

Abstract Research has long established nonprofit organizations’ vital role advocating for the needs of vulnerable populations before legislative policymakers. In the best of times, it is difficult for 501(c)(3) charitable nonprofits employing grassroots advocacy to mobilize vulnerable...

A central mechanism of European integration is the relationship between the European institutions and European‐level interest groups. This paper reviews the ability of interest groups to contribute to European integration by providing an overview of their numbers, support factors, resources,...

Purpose As of 2011, the average US state had 37 health insurance benefit mandates, laws requiring health insurance plans to cover a specific treatment, condition, provider, or person. This number is a massive increase from less than one mandate per state in 1965, and the topic takes on a new...

This article attempts to analyze the impacts of financial development on the probability of exports by companies listed in Tehran Stock Exchange (TSE) during 2008-2014-time period. The statistical population covered 102 companies listed in the Tehran Stock Exchange (TSE). Considering the...

The emerging literature on foreign direct investment (FDI) now stipulates that FDI’s positive impact on growth depends on absorptive capacities. Prime among these capacities is financial development. The paper provides support to this thesis in the context of the Arab countries whose financial...

This paper explores the causality issue between financial development and economic growth in the Middle East and North Africa (MENA) region for different periods ranging from 1960 to 2002. The empirical evidence presented in the paper, either with cointegration techniques or Granger causality...

Abstract The aim of this survey article is to discuss P2P lending, a subcategory of crowdfunding, from a (financial stability) risk perspective. The discussion focuses on a number of dimensions such as the role of soft information, herding, platform default risk, liquidity risk, and the...

Zusammenfassung: Die Beitragssatzentwicklung in der Gesetzlichen Krankenversicherung (GKV) und der Sozialen Pflegeversicherung (SPV) wird analytisch in einen Demographieeffekt, einen Ausgabenniveaueffekt und einen Einkommenseffekt aufgeteilt. Empirisch zeigt sich, dass der reine...