This study examines the effects of the rule of law on carbon-dioxide emissions using a large sample of countries for over a century. In principle, the turning point of the Environmental Kuznets Curve (EKC) is compared for a range of countries lying between autocracy and democracy. Using decadal...

In this paper, we estimate a structural shock (inflation shock) that explains maximum forecast error variance of inflation using a structural vector auto regression (SVAR) framework. Our identification is agnostic and not based on sign and zero restrictions commonly used in SVAR literature....

Resource mobilization continues to be an important policy challenge for developing economies, raising questions as to what determines differences in saving behaviour across countries. Using a panel of 47 economies with at least 40 years of continuous time series data, we causally identify, using...