This paper examines determinants of revolutionary behaviour. We study the role of freedom of communication, repression of opposition and the government's selfishness. Combining econometric analysis of survey data with a laboratory experiment, we analyse how these factors affect preferences for...

We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a simple model of trade, in which a natural resource like oil is contested by competing groups using real resources (?guns?). Thus, conflict is viewed as ultimately stemming from...

The aim of this chapter is to assess changes in the competitiveness of the Polish economy from 2010 to 2015. The analysis covers the basic indicators of economic development, such as GDP growth, inflation, unemployment, balance of public finances, and current account balance. Poland’s economic...

This study examines the relationship between crude oil price and financial sector intermediary development in Nigeria over the period 1975-2011, using the autoregressive distributed lag approach to cointegration analysis. Four measures of financial intermediary development are used including an...

This paper – based on a report by a Task Force established by the International Relations Committee (IRC) of the European System of Central Banks (ESCB) – reviews macroeconomic and financial stability challenges for acceding (Bulgaria and Romania) and candidate countries (Croatia and...

We isolate the direct bank-to-sovereign distress channel within the Eurozone's sovereignbank-loop by exploiting the global, non-Eurozone related variation in stock prices. We instrument banking sector stock returns in the Eurozone with exposure-weighted stock market returns from non-Eurozone...

We isolate the direct bank-to-sovereign distress channel within the eurozone's sovereign-bank-loop by exploiting the global, non-eurozone related variation in stock prices. We instrument banking sector stock returns in the eurozone with exposure-weighted stock market returns from non-eurozone...

The objective of this study is to investigate the macroeconomic performance of agriculture sector in various regimes for the year 1950 to 2010 employing ARDL, and ECM. After examining macroeconomic performance of agriculture sector of Pakistan, under alternative political setup that is...

Abstract This short article underlines the efficiency considerations reflected by a Laffer curve. In a static context in which inflation is assumed away, the Laffer curve describes what would the response of tax revenue to tax rate change be under increasing inflation if there were allocative...