Recent literatures on entrepreneurship and economic growth estimate the empirical relationships between the following pairs of variables: (1) institutions and entrepreneurial activity; (2) institutions and economic growth; and (3) entrepreneurship and economic growth.This paper revisits each of...

The commonly-used satellite images of nighttime lights fail to capture the true brightness of most cities. We show that night lights are a reliable proxy for economic activity at the city level, provided they are first corrected for top-coding. We present a stylized model of urban luminosity and...

The paper identifies and analyzes the four main fault lines which will influence the next decades of global philanthropy. All are related to what we can refer to as "the market revolution in global philanthropy". As global philanthropy moves beyond grantmaking, into investment approaches that...

The basic conclusion of this paper is that ignoring the negative welfare effects of unemployment in the form of terrorism and consequent loss of output leads to the adoption of (i) level of employment of labour which is sub-optimal, (ii) levels of employment of capital and capital/labour ratios...

This research examines the economic origins and spread of Islam in the Old World and uncovers two empirical regularities. First, Muslim countries and ethnic groups exhibit highly unequal regional agricultural endowments. Second, Muslim adherence is systematically higher along the pre-Islamic...

This research examines the economic origins of Islam and uncovers two empirical regularities. First, Muslim countries, virtual countries and ethnic groups, exhibit highly unequal regional agricultural endowments. Second, Muslim adherence is systematically larger along the pre-Islamic trade...

Although the term globalization still awaits a globally agreed definition, it is commonly used in different walks of life like academia, politics, media and policy makers etc. It may be termed ‘all for good and good for all', or exactly opposite ‘all for sin and sin for all', reality reckons...

Cities are made of people, by people and for people. Sustainable measures will have to make sense to inhabitants of cities, making their life more liveable. Furthermore, it is people who drive sustainability and who are its ultimate source and beneficiaries. This vision underpins the notion of...

This research examines the economic origins and spread of Islam in the Old World and uncovers two empirical regularities. First, Muslim countries and ethnic groups exhibit highly unequal regional agricultural endowments. Second, Muslim adherence is systematically higher along the pre-Islamic...

This research examines the economic origins of Islam and uncovers two empirical regularities. First, Muslim countries, virtual countries and ethnic groups, exhibit highly unequal regional agricultural endowments. Second, Muslim adherence is systematically larger along the pre-Islamic trade...