The new paradigm in the field of International Cooperation is that institutions are the fundamental cause of long-run economic development. However, the lack of both a clear consensus on which are the specific institutions that promote development, and a theory that integrates economic,...

This study reconsiders the narrow corridor proposed by Acemoglu and Robinson (2017) in an attempt to discover any underlying empirical patterns. Mainly building upon Murphy and O’Reilly (2022, 2023) we first replicate their findings. Afterwards we devise some sub-corridors by dividing the...

This paper empirically examines the causality between crime rates and economic growth using state level data in India. A reduced form equation has been estimated using instrumental variable approach to correct for joint endogeneity between crime and economic growth. Higher crimes may reduce...

Purpose - to conduct study of current state of labor potential of rural areas, prospects for the development of social and economic aspects of rural areas in successful modernization. Consider theoretical foundations of economic and mathematical modeling of the dynamics of labor potential...

The conflicting views that agents and voters have about redistributive taxation have been broadly studied. The literature has focused on situations where the counterfac- tual outcomes that would have occurred had other actions been chosen are observable or point identified. I analyze this...

Shang Yang is regarded as the chief architect of the Chinese state. This paper interprets the Reforms of Shang Yang from the perspective of economics and analyzes the Reforms in a mathematical model. Shang Yang tried to rationalize government administration and to organize the economy more...

Revolutions do not consolidate until they blend with the establishment to create a new world. Keynes understood it, and that is why he titled his masterwork The General Theory. But he was unsuccessful in the blending. In 2020-21, it is argued in here, we all follow Keynes, but with insufficient...

The paper looks a China's institutional reforms in public finances against the background of European experiences. Particular attention is given to Switzerland and Germany where there is a high degree of consensus forming mechanisms. These federations are also characterized by concepts of...

We offer here the psychological attraction approach to accounting and disclosure rules, regulation, and policy as a program for positive accounting research. We suggest that psychological forces have shaped and continue to shape rules and policies in two different ways. (1) Good Rules for Bad...

Is there such a thing as an optimal government size? We investigate by the non-parametric Data Envelopment Analysis (DEA) the so-called `Armey curve' which claims an inverted U-shaped relationship between government size and economic performance. The DEA scores are linked to control variables as...