A very bad deal was concluded not long ago at Love Field airport in Dallas, Texas, a deal that effectively continues for nearly a decade what has by wide consensus been one of the more pernicious, anticompetitive slices of pork-barrel protectionist federal interventions in all of American...

In the broad context of responsible management, and corporate responsibility, the present paper studies the general issue of conflicts between private investors, and governments, with a particular focus on the investor-state dispute settlement through international arbitration. On the grounds of...

We re-examine the view that wars make strong states, taking advantage of panel data to address two of the most obvious endogeneity concerns that arise in this context: initial conditions and persistence of state capacity. Our main message is that, in modern times, there is no evidence that wars...

The present paper aims at assessing the possible efficiency of the principle of national contributions, assumed in the 2015 Paris Framework Convention on Climate Change. Strong historical evidence indicates that any significant development of constitutional states used to take place, in the...

The beginnings of Regulatory Impact Assessment (RIA) in Macedonia date back to 2008, first as a pilot project, then becoming mandatory for all legal proposals since 2009 as part of regulatory reforms with a declarative goal - improving the entrepreneurial environment. In 2011, the Ministry of...

Eskom Limited Holdings (EHL), South Africa’s primary electricity supplier, is mandated to provide electricity to the country and its citizens. After South Africa moved into an era of Democracy, the demand for electricity exponentially increased. To keep up with the increased demand for...

This is the first study that assesses the economic effects of direct democratic institutions on a cross country basis. Its results are based on up to six new measures produced to reflect the legislative basis for using direct democratic institutions as well as their factual use. In addition, a...

This paper constructs and examines a macroeconomic model which combines features from both real and political business cycle models. We augment a standard real business cycle tax model by allowing for varying levels of government partisanship and competence in order to replicate two important...

State enterprises (SEs) have been increasingly competing with private firms in international markets, in terms of both cross-border trade and FDI. Given both the potentially positive contribution internationally trading and investing SEs can make, as well as the concerns raised about their...

Measurement of both federalism and decentralization has been contentious. We introduce three new indicators reflecting important aspects of both federalism and decentralization. The three new indicators are the result of principal component analysis. When we try to identify their main...