This paper assesses the causal effect of relaxing equity constraints on the cultivation of tobacco in Malawi, a crop viewed by the local population as Malawi’s green gold. Applying the counterfactual outcome framework we find that relaxing equity constraints substantially increases the amount...

The paper discuses most current issues on technology implementation dynamics observed across nations, as well as it focuses on the problem of suppose technology convergence (or divergence) among nations. The author implements and verifies the hypothesis on β-convergence, as well as on the...

The aim of this paper is to evaluate the effect of research and development (R&D) on productivity by taking into account productivity spillovers. To this end, by using a sample of Italian manufacturing firms provided by the Xth UniCredit-Capitalia survey (2008), which covers the period...

The aim of this paper is to investigate the extent to which knowledge spillovers effects are sensitive to different levels of innovation. We develop a theoretical model in which the core of spillover effect is showed and then we implement the empirical model to test for the results. In...

After more than 20 years of European Monetary Union (EMU), surprisingly few scientific studies exist which study the growth effects of introducing a common currency in large parts of the European Union. I do so using a large panel (NUTS3 data) of regional data for the EU-15. Some 800 (treated)...

The introduction of the concept of separate needs into cardinal utility theory requires two propositions. The first specifies that the shape of a utility function for a commodity (good, service or event) fulfilling a need should reflect the experiences of an individual as the commodity fulfils...

The aim of this analysis is to predict whether an National Basketball Association (NBA) player will be active in the league for at least 10 years so as to be qualified for NBA's full retirement scheme which allows for the maximum benefit payable by law. We collected per game statistics for...

This study investigates the differential impacts of business and household credit on Lesotho’s economic performance using simultaneous quantile regression analysis. The results indicate that business credit significantly boosts real GDP, particularly at lower quantiles, while household credit...

Hoyt Bleakley and Paul Rhode use a “regression discontinuity design” (RDD) to find a persistent negative effect of slavery’s legality on rural population density throughout the period from 1790 to 1860. Yet their reported results cannot be replicated. Instead, the replication shows...

The aim of this research is to provide a suitable empirical framework for the interaction between Islamic finance, financial stability and economic development. Additionally, it is an attempt to empirically evaluate how the levels of financial system stability and economic growth in an oil-rich...