In this paper, we formulate a political system that can satisfy certain desirable characteristics that include democratic participation, serving for universal interest, public sector efficiency, and sustainable by incentive compatibility and virtuous cycles. The system comprises a set of rules...

Generally, Political Business Cycles happens in western economy, which reflects that macro-economy fluctuating is according with election cycles. The reason is that statesmen and citizens often do not have the same interest. And also, there is information asymmetry between them. Consequently,...

In this paper we study the relationship between communication and ”transparency of information” and governance by exploring the link between social media and natural resource governance. Using a cross-country analysis, we document a robust and statistically significant positive relationship...

We summarize Francis Fukuyama’s State Building: Governance and World Order in the Twenty-first Century (London, Profile Books, 2005)and explore the limits of its arguments. State Building is a book with a very wide scope that essentially tries to “ground” and expand the fields of political...

This paper examines the relationship between political equality and quality of government. Our hypothesis is that political equality fosters access to inclusive education and ultimately promotes good governance. We empirically test this hypothesis using data for 145 countries with different...

This paper examines the relationship between political equality and quality of government. Our hypothesis is that political equality fosters access to inclusive education and ultimately promotes good governance. We empirically test this hypothesis using data for 145 countries with different...

Recent studies in psychology and neuroscience offer systematic evidence that fictional works exert a surprisingly strong influence on readers and have the power to shape their opinions and worldviews. Building on these findings, we study ‘Potterian economics’, the economic ideas, insights,...

The development policy in Indonesia to implement the human development paradigm should be able to put people as actors and regional economic development as a vehicle for the public welfare. However, the government's policy as outlined in the budget form precisely the opposite direction to a...

This paper builds upon the following critique of Islamic economics: (a) Persistence on the literal interpretation of what the theology of Islamic law implies socioeconomically, (b) Rejection subsequently of the core western economic principle of homo economicus-cum-competition, though homo...

Recent studies in psychology and neuroscience find that fictional works exert strong influence on readers and shape their opinions and worldviews. We study the Potterian economy, which we compare to economic models, to assess how Harry Potter books affect economic literacy. We find that some...