Consumer boycotts and international economic sanctions represent a frequent tool to protest against countries for their violation of human rights. This paper questions if such a kind of action hurts more the populations it is supposed to defend than governing classes it is targeting. Overall,...

In the fields of political science and economics there has been a recent surge of interest in the co-movement of globalization and democratization. Wavelet coherency analysis was first used to measure the co-movement of globalization and democratization in time and frequency domains. We...

The debate by Okada & Samreth (2012, EL) and Asongu (2012, EB; 2013, EEL) on ‘the effect of foreign aid on corruption' in its current state has the shortcoming of modeling corruption as a direct effect of development assistance. This note extends the debate by assessing the channels of foreign...

Recently, the international dairy market has growing substantially and Brazil has exported more dairy products. In this context, the main objective of this study is to analyze the international dairy trade in order to identify the comparative advantages of the Brazilian dairy products. In...

The Okada & Samreth (2012, EL) finding that aid deters corruption could have an important influence on policy and academic debates. This paper partially negates their criticism of the mainstream approach to the aid-development nexus. Using updated data (1996-2010) from 52 African countries, we...

This article contributes to the financial literature by investigating the formation of the international stock risk premium in emerging market zones. Our results from the estimation of a dynamic augmented capital asset pricing model show that the currency risk premium is the most important...

Multiple economic experiments suggest that the moral context of consumption and/or production influences willingness-to-pay and willingness-to-accept. Precisely how this influence should be modeled from a theoretical perspective, however, remains understudied. The prevailing view is that moral...

The paper proposes an alternative index of relative deprivation which allows for selection of the reference group and imperfect information, two central elements of modern theories of social justice. An application to real data and a simulation on artificial data illustrate the use and some...

In this article we provide an overview of the Gini decomposition and the generalized entropy inequality measures, a free access to their computation, an application on French wages, and a different way than Dagum to demonstrate that the Gini index is a more convenient measure than those issued...

This note shows that results similar to Arrow's Impossibility Theorem can be proved by replacing the weak Pareto principle by a weaker condition called Pareto Neutrality and used by Xu (1990) to state another version of Sen''s liberal paradox. Our result strengthens Xu''s arguments for taking...