This paper analyzes the political disputes and legal contentions occasioned by the process of regulatory reform undergone by Romanian mutual fund industry. Stirred by Romania’s accession into the European Union in 2007 and prompted by the numerous financial scandals affecting the market right...

This study explores the causes of corruption for Sub-Sahara Africa in a panel of 22 countries from 1996 to 2013. The sources of corruption are grouped under three main thematic areas – historical roots, contemporary causes and institutional causes to make way for both subjective and objective...

This paper offers a snapshot of the impact of COVID-19 on the African economy. Using the Probit regression model, we found that economic growth, inflation, exchange rate, unemployment rate, and commodity prices were strongly affected. The study concluded that COVID-19 harmed the African economy....

In 2007 Russian voters elected representatives to the State Duma under new electoral procedures that President V. Putin had instituted. A presidential election followed in 2008 leading to Putin’s new role as Prime Minister. To many observers, the reforms and the election campaigns resulted in...

This paper describes the Greater London Authority’s evidence base for its work on the creative and cultural industries. Its main purpose is to show that th9is evidence base is viable, robust, and useful. The second and most important purpose is to encourage others in city management to invest...

The adoption of agriculture during the Neolithic triggered the first demographic explosion in history. When fertility returned to its original level, early farmers found themselves more poorly nourished than hunter-gatherers and working longer hours to make ends meet. We develop a dynamic,...

This paper seeks to transcend entrenched misunderstandings between economists and arts policymakers, leaders and funders. These misunderstandings, which have long dogged discussion on arts funding in the UK, are most evident in the long-running debate about ‘instrumental’ and ‘intrinsic’...

This paper was presented on October 31 to a seminar as part of the Freeman Centre Seminar series organised by the Science Policy Research Unit at Sussex University, with the kind support of CENTRIM, of the University of Brighton. The seminar series can be accessed at...

Lamentations on societal and environmental developments become increasingly audible in our times. Currently, we can hear almost every day about reaching the balance in a very sensitive triangle economic sustainability-social sustainability-environmental sustainability. It is largely omitted that...

We develop an endogenous fertility model of social stratification with two hereditary classes: a warrior elite and a peasantry. Our model shows that the extra cost warriors must incur to raise their children and to equip them for war is the key determinant of (1) the relative sizes of both...