In this paper we build up the analysis of La Porta et al. (1998), to investigate the importance of legal families in explaining the variations in pollution emissions in different countries. The main intuition behind our analysis is that the nations in which the rights of shareholders are more...

The literature on waste recycling neglects the potential effects that this process can have at the aggregate level, although there are positive externalities which have not emerged in the microeconomic analysis of this phenomenon. This paper investigates the macroeconomic effects of the waste...

In this paper we attempt to evaluate the possible spill-over of the international agreement on Trade-Related aspects of Intellectual Property Rights (TRIPs for short), underwritten in 1994, regarding economic growth for both wealthy and developing countries. We find that the TRIPs convention has...

This paper comes in the wake of the literature considering technological progress as the main device to offset air pollution caused by economic activity. The issue has been extensively studied in general, but there is no previous research on the effects that an international strengthening of...

We study the effects of an international increase in the legal protection of Intellectual Property Rights (IPR), on technological progress and the development of the financial market. In particular, we demonstrate that the international agreement on Trade-Related aspects of Intellectual Property...