The financial crisis of 2007/2008 brought under the spotlight the question of legal regulation of questionable financial market practices and gave rise to amendments to the existing legislation on market abuse globally. The diversity of global responses to market abuse practices in the...

Long-term regional convergence hypothesis is examined for 32 Mexican states in a regional growth model with poverty traps using a new dataset on regional income inequality for the period 1940-2011. Although zero-growth poverty trap hypothesis is rejected for 28 out of 32 states, the evidence...

This paper examines the importance of institutional shocks to long-run development. Our empirical method offers a clear empirical test to distinguish between three models of institutional shocks. We define gradual institutional change without a major shock, institutional change imposed by a...

The paper examines the evolution of income per capita for a sample of high-income transition countries in the period 1991-2007. The analysis focuses on the dynamics of income per capita convergence throughout the period. We review patterns of income dispersion in Central Europe in a historical...

In the European political discourse, the potentially vast economic benefits derived from the European Union are taken for granted. In the academic debate, these economic benefits, even if measured in terms of GDP per capita growth, are much less consensual. There are severe methodological...