Economic uncertainty is a driver of the business cycle. In a recent study, Claveria (2022) used a fixed-effects model to assess the impact of uncertainty on suicide rates worldwide. Using that same panel, in which global economic uncertainty is linked to the evolution of the suicide rates in 183...

The aim of this article is to point out the importance of education on a sustained economic development strategy, having into account inter-sector relations and the influence of education in the growth of production per head. Three cross-country models are presented to analyze the evolution of...

There has been a revival of interest in small industries and their linkages with a nation's institutional arrangements among both academicians and policy makers. Extending the definition of institutions to include formal and informal rules, this paper attempts to identify these linkages using...

The worldwide trend towards privatisation, liberalisation and globalisation has produced substantial economic benefits. Nevertheless, liberalisation has had its shortcomings and there are potential threats to further progress, including in particular an anti-liberalisation backlash. Continuing...

This chapter presents a strategic model of incentives for care and litigation under asymmetric information and self-serving bias, and studies the effects of damage caps. Our main findings are as follows. First, our results suggest that the defendant's bias decreases his expenditures on accident...

The aim of this paper is to demonstrate the significant differences that would emerge in policy formulation, when environmental capital (KN) is explicitly accounted for in macroeconomic analyses. These differences are illustrated with reference to two selected Organisation for Economic...

It is not immediately apparent why a state would willingly abolish the death penalty and thereby lose a powerful political instrument. The fact that some states abolish capital punishment while others retain it has thus far been explained by systematic differences in the values of politicians or...

It is often asserted that public goods either do not ‘exist', or that goods exist on some kind of vague spectrum between “purely public” and “purely private” goods. This is because of a conceptual muddling between public goods and private goods. I present a new conceptual framework for...

This paper considers the relevant weightings of 'media-centrism' and 'society-centrism' in theories of the media. Among the theories discussed are Stuart Hall's theory of hegemony, the debate between Raymond Williams and Marshall McLuhan about technological determinism, and theories of mediatization

The classic deterrence theory model of income tax evasion first articulated in 1972 has met significant criticism because it does not comport with the observed rate of tax compliance. This article argues that the classic expected utility model and its various progeny, including nonexpected...