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Purpose - The purpose of this study is to assess how incarcerations persist across the world. The focus is on 163 countries for the period 2010 to 2015. Design/methodology/approach - The empirical evidence is based on Generalised Method of Moments. In order to increase room for policy...
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Empirical evidence about income convergence among regions and countries is inconclusive and it is necessary to clarify … the economic and institutional conditions for convergence. We investigate movements in the income distribution among … development. The convergence towards a narrower unimodal distribution of per capita income is convincing in this homogenous …
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We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence …
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The Berle-Means problem - information and incentive asymmetries disrupting relations between knowledgeable managers and remote investors - has remained a durable issue engaging researchers since the 1930's. However, the Berle-Means paradigm - widely-dispersed, helpless investors facing strong,...
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