This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...

The India's most exploited people, the Dalits, have been raising voice against the ongoing process of globalisation fearing that it would gradually lead to a total dismantling of whatever protective and developmental measures, including the reservation policy, guaranteed in their favour in the...

Religion is the most paradox, intriguing and social active factor in the world history since the beginning of human society and till the end of it, no matter how evolved or primitive its precepts ever were. For that reason Religion was always a subject for endless study in different perspectives...

The aim of this paper is to acquire feasible and practical solutions to climate change. Alternatives to the existing economic system are examined from a interdisciplinary philosophical and politico-economical perspectives. Two mechanisms have been proposed to internalize natural capital as a...

Observational evidence suggests that social trust and the closely related concept of social capital play a critical role in compliance with government policy, particularly in regards to public responsiveness to measures intended to curb the spread of the novel coronavirus. We use a survey...

We establish the relationship between property rights and income inequality within 22 former European colonies. The key, unexpected result is: stronger property rights are associated with higher income inequality levels. We provide plausible explanations for these findings

In the 21st century, voter choice and the broader political debate are within the reach of those that can access and channel the vast streams of user data that are generated online. The role of personal user data in digital markets, as well as the use that digital platforms make of that data in...

The varieties of capitalism (VoCs) approach has the potential to transform economics. It implicitly emphasizes the plasticity of economies, whereby their character and outcomes are significantly a matter of choice. This paper augments VoCs theory to include a distinction between varieties and...

We explore the role of ruling elites in autocratic regimes and provide an assessment of tools useful to clarify the structure of opaque political environments. We first showcase the importance of analyzing autocratic regimes as non-unitary actors by discussing extant work on nondemocracies in...

Differences in the quality of institutions may explain differences in per capita income. Yet, we know relatively little on how institutions evolve. This paper contributes to such knowledge by testing for convergence in legal, bureaucratic and administrative institutional quality. Using...