We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model...

This paper analyzes how differences in legal origin, judicial efficiency, and investor protection affect firm leverage and earnings volatility across developing countries. Using a large number of developing countries, four main findings are highlighted. First, firms in civil legal origin...

This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries. DIGNAR is a dynamic, stochastic model of a small open...

Amartya Sen, the Nobel economist, explains why mortality should, or could, be an indicator of economic success. While mortality is not in itself an economic phenomenon, the influences that increase or reduce mortality often have distinctly economic causes. Consequently there is a prima facie...

The main objective of this paper is to examine business, social and ecological dimensions of the entrepreneurial activities of small, medium and large enterprises in Croatia by comparing different levels of acceptance, incorporation and utilization of those dimensions among the surveyed...

The aim of this article is to develop a better understanding of the institutional and organizational roots of Corporate Social Responsibility. In the first step, we seek to understand the origins of the widespread call for Corporate Social Responsibility. We distinguish an institutional call...

The aim of this article is to provide an overview of the ways in which companies activating in Romania approach corporate social responsibility (CSR) - whether strategically, integrating CSR in the company's sustainable development policies and strategy, or as a short-term public relations...

For decades South Africa's mining sector has been profiteering while neglecting mining communities' development needs. Most of these communities now have social problems. Recently, forces outside the sector - globalisation, the government, the communities themselves - have pressured the mining...