We analyze how the structure of organizational form of legislative institutions affects interest groups ’incentives to lobby.Lobbying is modelled the strategic provision of information by an interest group to a multi-person legislature.We show that the effectiveness of lobbying lies in...

This paper analyzes reforms and counter-reforms in Bolivia in recent decades and their effects on the policymaking process (PMP) and productivity. Bolivia s PMP has shifted from a formal representative democracy to a participative and direct type of democracy where street protest and other...

This paper investigates the forecasting performance of three popular variants of the non-linear GARCH models, namely VS-GARCH, GJR-GARCH and Q-GARCH, with the symmetric GARCH(1,1) model as a benchmark. The application involves ten European stock price indexes. Forecasts produced by each...