Quality-of-life rankings could induce economic development and planning policy makers into wastefully committing too many resources into attracting human and physical capital if they are based on a methodology that is atheoretical and biased in its approach to accounting for what individuals...

If alcohol has substitutes, changes in its relative price can encourage the production and consumption of other illicit and harmful drugs. This paper considers if county-level bans on the sale of alcohol in the state of Mississippi encourage the production and consumption of crystal...

The paper investigates the effects of sub-Saharan African colonial heritage on economic growth in a sample of nonindustrial countries. Parameter estimates suggest that the partial effects of extractive institutions engendered by a twentieth century colonial heritage account for approximately 30%...