In this paper we use a dynamic model to investigate the macroeconomic impact of legislative complexity on growth and welfare, in comparison with political corruption. After a careful review of the economic literature on corruption and legislative complexity, we set up the model. The main...

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...

In this paper we remark on the existence of a link between monetary income constraint and price elasticity of demand. This finding allows us to rewrite, and extend, the standard Engel Aggregation Condition, in terms of price elasticity, and not only with regard to income elasticity of demand

This paper investigates econometrically the relationship between corruption and legislative complexity, and their impact on growth rate, welfare and distribution of the per capita income. We perform econometric analysis using new indicators and index of legislative complexity, built in a way...

In this paper we use Pindyck's model (2002) to show that the discount rate may play an important role in explaining for the income-pollution pattern observed in the real world. Low levels of income involve high values of discount rate, that are obstacles to the adoption of a pollution abatement...

In this paper we study the impact of regulatory complexity, a measure of institutional quality, on the GDP, on per capita income and on the growth rate of the Italian regions. For comparative reasons we also use the duration of civil disputes as an indicator of institutional quality. From the...

In this article we apply and extend the model elaborated by Acemoglu and Verdier in their seminal paper (2000), to examine how the economy represented in their theoretical framework responds to an exogenous change in the agent's incentive. In particular, we focus on the consequences of a famous...

In this paper we study the problem of exhaustible resources and renewable resources in a theoretical endogenous growth framework, under various assumptions. In particular, we consider the hypotheses that those two inputs are or are not technologically perfect substitutes of each other. Moreover,...

The aim of this paper is to shed light on the way the legal systems of different countries can explain the discrepancies in their pollution levels. In particular, we underline the factors of capital accumulation and the financial market development, that are driven, among other things, by the...