Using a simple innovation-driven growth model I investigate to what extent labor market regulations underlie the devastating effects of output volatility on long-run growth trends. Empirical analysis conducted for 154 countries over the 1996-2005 period shows that an increase from low values of...

Even as African countries became increasingly indebted, they experienced large-scale capital flight. Some of this was legitimately acquired capital fleeing economic and political uncertainties; some was illegitimately acquired wealth spirited to safer havens abroad. This paper presents new...

This paper examines the impact of sports participation upon the subjective well-being of individuals. Encouraging participation in sports activity is now an important public policy issue, as it is argued that there are benefits in terms of health and well-being to individuals as well as to...

The objective of this paper is to empirically examine the determinants of the self-employment decision, with a particular focus on gender differences and occupational choice by using register-based individual panel data for the period 2003 to 2006. Individuals choose to move into self-employment...