Purpose The aim of this paper first is to go beyond the static effects of bilateral investment treaties (BITs) and empirically estimate the marginal effects of the stock of BITs on foreign direct investment flows. Design/methodology/approach These statistical models use a gravity equation....

That the public sector has grown both in absolute terms and relative to the rest of the economy is an undisputable fact. That both growth rates have accelerated in recent history is also an unchallenged fact. More cautious must we be about why these trends have occurred and are persisting. We...

This paper presents two views of the European sovereign debt crisis. The first is that countries in the South of the Eurozone were fiscally irresponsible and failed to implement pro-competitive supply side policies. The second view holds that the crisis reflects a deep divide between the...