When confronted with market weaknesses and failures determining sustainability problems for environmental common-pool resources, economic analysis has proposed government intervention as the only alternative available. Elinor Ostrom showed that this dichotomy between market and government is not...

This paper estimates the effect of government size, interventions, and other regulations on labor productivity using a stepwise Ordinary Least Squares (OLS) regression. Several specifications of the model were tested using Fixed Effects. Three primary cases were analysed namely, the case for all...

Six new aggregate measures capturing various dimensions of governance provide new evidence of a strong causal relationship from better governance to better development outcomes. In a cross-section of more than 150 countries, Kaufmann, Kraay, and Zoido-Lobaton provide new empirical evidence of a...

This paper examines the concept of hegemony and its historical application on the Arabic and Islamic countries. It is foreseen that has long path applied by the Western countries as disclosed by trade applications and history of economic thought. Impacts on Arabic and Islamic countries were...

This paper reports on the latest update of the Worldwide Governance Indicators (WGI) research project, covering 212 countries and territories and measuring six dimensions of governance between 1996 and 2006: Voice and Accountability, Political Stability and Absence of Violence, Government...

How can executive agencies in developing countries implement international conventions against corruption? This paper looks at the legal issues presented by the Council of Europe, United Nations and OECD conventions against corruption; as well as the choices which executive agencies (such as the...