Recent literature shows that oil revenues have a positive effect on the long-run economic growth rates. However, there is no clear evidence for such an effect in the medium term, i.e. over a five year period. In this paper, we investigate the relationship between oil revenues and economic growth...

Motivated by the mixed evidence in previous literature, we reexamine the effects of various types of government spending and taxes, as well as overall budget surplus/deficit, on economic growth. To address the model uncertainty issue that may have plagued earlier studies we employ a Bayesian...

This paper investigates the response of major macroeconomic variables to four different types of tax policy innovations in Canada within a VAR framework. The positive tax multipliers documented in the previous literature are found only for corporate tax innovations. Our results imply that...

Purpose This study tests whether environmental awareness affects firm creation by using Google Trends data and a novel region-level data set from Italy. Design/methodology/approach Forward-looking entrepreneurs drive firm creation. The authors hypothesize that more environmentally conscious...

Abstract Recent years have seen governments restricting civic freedoms and legislating significant increases in spending to combat terrorist activities. In this paper, we investigate the relationship between anti-terror spending and terrorism. In line with previous findings in the empirical...