In this paper we examine whether the Solow growth model is consistent with across-countries variations in standard of living once investments in education and health are explicitly and simultaneously taken into account. Using a sample of low- and middle-income economies, we provide evidence that...

The objective of the paper is an evaluation of the performance of the Italian mutual funds based on Markov models, and extension of the Generalized Linear Model approach. The dataset, which was supplied by Money Mate System, comprises monthly returns on almost all existing equity mutual funds in...

We propose a new set of indices to capture the multidimensionality of a country's institutional quality. Our indices are obtained by employing a dimension reduction approach on the institutional variables provided by the Frazer Institute (2018). We estimate the impact that our measures of...