Public regulations can increase economic growth by correcting market faults and decrease growth by consuming resources and reducing incentives. A simple theoretical framework is developed to represent commonly held views on the relationship between growth an regulation. The relationship is...

This paper examines the economic and related consequences of immigration from a less developed country (LDC) to a developed country (DC) in three different stylized cases: A guest worker society of the Dubai type, an immigrant society of the US type, and a tax-based welfare state with...

Purpose – The purpose of this paper is to study a little researched relation: the relation from economic growth in a less developed country to the development aid it receives. Does economic growth influence donor aid allocation decisions? Design/methodology/approach – The authors’ apply...

The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many institutional changes can be understood as tran¬sitions occurring at roughly the same level (zones) of development. The Primacy of Insti¬tu¬tions (PoI) view claims that...

The paper analyzes 3 main trends: (t1) The economic development in the Muslim world is slower than in the rest of the world. (t2) The world grows increasingly democratic due to rising incomes, but this trend does not affect the Muslim world. (t3) The world grows increasingly secular due to...

The functional distribution of incomes is one of the classical subjects in economics. Even though one might argue that it is one of the least interesting among income distributions it is no doubt the one which has received most attention. In the present article, in the second and third sections,...

Only around 0.01 per cent of all working‐days are lost due to industrial conflict in the average western economy. Nevertheless, conflicts are highly visible phenomena and it was one of the first areas most statistical agencies started covering. Therefore, long conflict series exist for most...