This paper investigates the presence of political budget cycles (PBCs) in the European Union using a data set encompassing all 27 current member states over the period 1997-2008, and analyzes what may explain their variability across countries and over time. Conditioning on partisan...

This analysis presents a number of correlations between EU Member States (MS) judicial systems and indicators of firm performance. To measure the functioning of the justice systems, we use indicators of efficiency, quality and independence. To measure economic development, business statistics...