Little work has been done in the conjunction of Microfinance and Religion. This paper explores the findings of the extant research. It then provides future research directions on a number of subjects within this broad area, available for researchers from a large number of fields: anthropology,...

This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...

This paper is dedicated to the relation between market development and democracy. We distinguish contexts and preferences and ask whether it is true that the demand for democracy only emerges after a certain degree of market development is reached, and whether, conversely, democratization is...

We examine the dynamics of a country’s growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country’s access to external borrowing. In turn, access to...

The India's most exploited people, the Dalits, have been raising voice against the ongoing process of globalisation fearing that it would gradually lead to a total dismantling of whatever protective and developmental measures, including the reservation policy, guaranteed in their favour in the...

Religion is the most paradox, intriguing and social active factor in the world history since the beginning of human society and till the end of it, no matter how evolved or primitive its precepts ever were. For that reason Religion was always a subject for endless study in different perspectives...

We have developed a self‐enforcing contract model to show that better economic fundamentals can help an area or a region under a weak rule of law – but with order – to attract foreign direct investments (FDIs), whereas lowering taxes does not necessarily help. Using a cross‐region...

The aim of this paper is to acquire feasible and practical solutions to climate change. Alternatives to the existing economic system are examined from a interdisciplinary philosophical and politico-economical perspectives. Two mechanisms have been proposed to internalize natural capital as a...

In the 21st century, voter choice and the broader political debate are within the reach of those that can access and channel the vast streams of user data that are generated online. The role of personal user data in digital markets, as well as the use that digital platforms make of that data in...

Observational evidence suggests that social trust and the closely related concept of social capital play a critical role in compliance with government policy, particularly in regards to public responsiveness to measures intended to curb the spread of the novel coronavirus. We use a survey...