Why did limited government and 'constitutionalism' (the rule of law, constitutional rules, and political representation) evolve in some societies but not others? Guided by history, this paper examines why this evolution reflects dependence on administrators to implement policy choices including...

Economists have reported econometric results that rely on estimates of the population of every country in the world for the past two thousand or more years. The underlying source is usually McEvedy and Jones’ Atlas of World Population History, published in 1978. The McEvedy and Jones data have...

Economists have reported econometric results that rely on estimates of the population of every country in the world for the past two thousand or more years. The underlying source is usually McEvedy and Jones' Atlas of World Population History, published in 1978. The McEvedy and Jones data have...

The interpretation of the reasons for the successes and delays in the race for industrialization is still a fundamental issue in the historiographical debate. In particular, the discussion about the "economic success" of the space commonly called the West (that practically means North America,...

This document presents the highlights of the 2019 publication Social Impact Invesment: The Impact Imperative for Sustainable Development which was a sequel to the OECD 2015 report on Social Impact Investment (SII), Building the Evidence Base. The 2019 publication brings new evidence on the role...

Over the course of a quarter of a millennium industrial capitalism has emerged from four deep recessions brought on by the bursting of commodity bubbles to achieve sustained economic growth by instituting progressive policies. These policies promote market success by reinforce entrepreneurial...

I show that the evolution of cross-country incomes is characterized by global divergence. To do this, the sample of non-mainly-petroleum-exporting countries having market economies during the period 1960-1997 is divided into five clusters of countries by a regression clustering algorithm...

The development of the European social model rests on the concept of social entrepreneurship. The concept has a significant contribution to the development of the European social economy. Social entrepreneurship has a remarkable potential, through its innovative solutions, to play an...

This paper examines whether foreign aid contributes to attracting foreign direct investment (FDI) in aid receiving countries. Using both homogeneous and heterogeneous panel cointegration techniques, I find that the effect of foreign aid on FDI is negative. This is in contrast to previous studies...