Societies in Western civilisation enforce their rules through formal institutions such as secularism (SES), whereas in less developed civilisations often rely on informal institutions such as religion (RES). The present paper attempts to explain the determinants of societies’ choice between...

We examine the determinants of capital inflows for a global sample of countries at various stages of economic development, namely factor-, efficiency-, and innovation-driven stages. We investigate the effect of institutional quality on capital inflows. The magnitude of institutional quality...

Emissions of pollutants tend to be procyclical as they generally increase with economic growth. However, as government policy has a role to play in the mitigation of the environmental consequences of economic activity, the quality of institutions may influence the procyclicality of pollution and...

This paper presents the first rigorous impact evaluation of a shoreline stabilization program in Barbados and attempts to assess whether shoreline stabilization investments indeed have beneficial effects on medium-term economic growth in Small Island Developing States through stimulating tourism...

This study explores the relationship between economic growth and carbon dioxide and the moderating effect of institutional quality in Nigeria from 1990 to 2020, by employing long run and short run dynamic ARDL regression, quartile regression and granger causality test for the estimation....

We investigate the long-term macroeconomic effects of climate change across 48 U.S. states over the period 1963.2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long-term moving-average historical norms (climate) to various...