Previous literature has established the importance of media in the arena of economic development. Further, the negative effects of foreign aid are well documented in the literature. Recently, foreign direct investment (FDI) inflows have been established as one of the determinants of the levels...

During the period 1950-2002 Africa has experienced a lower degree of economic development than Asia, due to several circumstances, and particularly to the low educational level of population in many African countries. In this article we present the estimation of some econometric models of...

This study examines the historical origins of differences in attitudes towards risk and uncertainty across different cultures. It establishes a robust positive relationship between cross-country temperature volatility and Hofstede's (2011) [Hofstede, 2011] measure of uncertainty avoidance. This...

This research explores the economic causes and consequences of language structures. It advances the hypothesis and establishes empirically that variations in pre-industrial geographical characteristics that were conducive to higher return to agricultural investment, larger gender gap in...

The Hungarian NIS has gone through a significant transition process since the early 1990s. The expansion of business R&D, both in terms of total expenditures and the number business R&D units, indicates a stronger base relying on which innovation capabilities can be improved, albeit from a low...

I use firm panel data and a quantitative framework to document the extent of misallocation in Russia. I find that there are large wedges between state-owned and private firms that prevent labour and capital inputs from flowing to more productive private firms. I quantify the degree of...

The paper assesses the impact of adding information on financial cycles on the output gap estimates for eight advanced economies using two unobserved components models: a reduced form extended Hodrick-Prescott filter, and a standard semi-structural unobserved components model. To complement...

In this study unstable economic growth rate in North Cyprus is analyzed. Annual time series data between 1980 and 2018 were sourced from State Planning Office in North Cyprus. In this research dependent variable RGDP growth rate and independent variables total public debt, consumption,...

Despite the low levels of taxation and public good provision in Africa, I provide evidence that a large proportion of Africans prefer lower taxation and fewer public goods. This cannot be explained by standard arguments about problems of accountability, governance or state capacity. Instead I...