We match data on the daily newspaper coverage of a sample of Italian listed companies with Nielsen data on the monthly amount of advertising that a given company has purchased on a given newspaper. Controlling for newspaper and company fixed effects, we show that newspaper coverage of a given...

Sub-Saharan Africa's export performance over recent decades has typically been por-trayed as poor compared to other regions in developing countries. This paper takes a new look at the record, using data on the volume rather than the value of African ex-ports. When analysed in volume terms a...

The Kyoto Protocol has not only created carbon emission reduction obligations for industrialized countries, but also opportunities for the private sector to participate in its "flexible mechanisms". One of these mechanisms is Joint Implementation, which allows private legal entities to engage in...

Power Exchanges (PXs) are key market institutions in open and market-based electricity industries. This paper aims at contributing to the ongoing debate on why and how to regulate Power Exchanges in the EU market integration context. . The paper starts by stating that two different types of PXs...

We investigate the political determinants of liberalization in OECD network industries, performing a panel estimation over thirty years, through the largest and most updated sample available. Contrary to traditional ideological cleavages, we find that right-wing governments liberalize less than...

Reducing the European Union GHG emissions by at least 80% by 2050 will require a near zero carbon electricity, road and rail transport industry, and heating and cooling in buildings. As compared to "business as usual" the amount of energy required will basically vary according to the level of...

While progress in developing countries as a whole, in terms of growth, poverty reduc-tion, and several MDGs, has been quite good in recent years, fragile states lag behind in levels of MDG achievement. To understand the link between fragility and MDG progress, and also to identify the most...

This paper provides an empirical analysis examining the effect of both transaction characteristics and the institutional environment on governance choice. Using a dataset of 237 corporate-specific value chains in the global LNG industry, we introduce inter-organizational trust as a shift...

This paper develops two claims that follow from two general conclusions from recent re-search on peacebuilding and post-conflict reconstruction. The first is that international peacebuilders are fairly good at ending violence and at producing stability, but are less talented at creating liberal...

It is increasingly apparent that, despite earlier hopes, the global economic crisis will have a significant impact on the economies of Sub-Saharan Africa. In order to co-ordinate and craft the most appropriate responses for African economies to withstand and recover from the crisis, it is...