Interpretation in nonlinear regression models that include sets of dummy variables representing categories of underlying categorical variables is not straightforward. Partial effects giving the differences between each category and the reference category are routinely computed in the empirical...

This paper investigates the determinants of fiscal decentralisation, focusing in particular on the impact of the level of income on the level of fiscal decentralisation. Various measures of fiscal decentralisation, several of them novel in this context, are employed in a cross-country...

The economics literature includes several critiques of the dominant utilitarian position, as respectively offered by Posner (1979), Rawls (1971), Sen (1987) and institutionalist followers of John Dewey. There is also now a rapidly growing literature on the economics of happiness. Another quite...

Many studies have sought to gauge the impact of population growth on economic growth. A well-known stylized fact of this literature is that the estimated effects of population growth measures on economic growth are not robust, varying between being positive, negative, and insignificantly...

In this paper we model production technology in a state-contingent framework. Our model analyzes production under uncertainty without being explicit about the nature of producer risk preferences. In our model producers’ risk preferences are captured by the risk-neutral probabilities they...