The paper considers the significance of the problem of policymaker ignorance for political efforts to limit human suffering due to the COVID-19 pandemic. To the extent that policymakers are ignorant of knowledge required to deliberately realize this goal, it can be realized only if luck,...

The presence of political risk is a worldwide phenomenon that has affected most national stock markets in the twentieth century. Within this context, it is often said that returns of the stock markets are affected by the Parliamentary happenings. Our study is a first examination of a wide range...

This paper presents a classification of the political regimes based on their level of participation/inclusion and competition in the collective decision-making. We use the criteria developed to build a dataset for every currently independent country in the world for the period 1800-2006

Economic growth in the twenty-first century offers the possibility to eliminate extreme poverty in the world. This article argues that such a wonderful achievement would not contradict the vision of Deuteronomy 15:11 because the verse should be understood as referring to relative poverty, which,...

We analyze the effect of state visits by the Catholic pope on human rights in the host country to illustrate how a small theocracy like the Vatican can exert significant political influence in international politics. Our theoretical model of the strategic interaction between the Catholic Church...

We scrutinize the systemic consequences of state intervention triggered by external shocks in the transforming Chinese economy before and after the global crisis. We interpret investment dynamics using a comparative party-state model concept framework. We identify the overinvestment as an...

In this paper, we scrutinize in the transforming party-state system of China the subtle dynamics of enterprise adaptation to state interventions, which react to hardening external and internal constraints. We use a comparative systemic framework that interprets adaptation in the context of...

What threatens the property rights of business owners? And what makes these rights secure? This book transcends the conventional diagnosis of the issue in modern developing countries by moving beyond expropriation by the state ruler or by petty bureaucratic corruption. It identifies 'agent...

Conventional wisdom in new institutional economics suggests that property rights become more secure following sovereign commitment. The article tests this axiom in the crucial case of the 2004 Orange Revolution in Ukraine. I show that despite the wide-ranging constraints imposed after the...

The study provides new evidence on the effect of financial openness on FDI inflows in Nigeria using data that span the period from 1981 to 2016. The FMOLS estimator is employed. The study finds that financial openness is negatively and significantly related to FDI inflows, but its interaction...