The issue of EDC became increasingly important in the field of development economics primarily because EDC has been occurring more frequent after the deregulation of global financial flows in the 1970s (Tiruneh 2004, Jones 2015) hitting mostly MICs and LICs. Assessing the probability of an EDC...

Using the Semipalatinsk Test Site in Kazakhstan, where about 456 nuclear tests occurred between 1949 and 1989, this paper examines the long-term health and well-being impacts of sustained radiation exposure. Results show that nuclear exposure significantly increases the risk of chronic disease...

This paper uses a large cross-country survey of business firms to assess their influence on government policies. It is found that influence is associated with larger, government-owned firms that have a high degree of ownership concentration. In contrast, foreign ownership matters little. It is...

This paper explores the effect of political accountability on the size of the public sector in a principal-agent model of democratic government. Political accountability is the degree to which the electorate can control politicians through elections, and emphasis is put on the roles of...

Using a sample of OECD countries, this paper finds that while fiscal rules succeeded in reducing total government expenditures and budget deficits in the medium term, they significantly affected the composition of government expenditure: the ratio of social transfers to government consumption...

This study updates previous research estimating the persistent effect of tax changes on capital gains realizations by using a large panel of tax returns from 1999 to 2008. Similar to earlier studies in the literature, we use the type II Tobit model to address the sample selection problem and the...

Countries are often slow to adjust their economic structures to new necessities although this reform reluctance is costly in terms of growth and employment. This paper analyses the relevant factors that block or foster economic reforms. Theoretical considerations show that there are at least...

Most of the existing evidence on the effectiveness of family leave policies comes from studies focusing on their impacts on affected families – that is, mothers, fathers, and their children – without a clear understanding of the costs and effects on firms and coworkers. We use data from...