In this paper we study long run economic growth as a sequence of accelerations, slowdowns and crises, and estimate the role of institutions and macroeconomic policies in determining this sequence. We analyze the joint effect of policies and institutions on the frequency of the four growth...

There is a large body of research that explores international trade as a source of the dispersion in income levels and growth performances across countries. The trade liberalization policies undertaken between 1950 and 2006 led to an almost 30 fold growth in the volume of international trade....

This paper contributes to the literature by carrying out the first econometric investigation into the role of television in the formation of political consensus in Italy. Based on probit and instrumental variables estimates, we find trust in television to be the most significant predictor of...

This assai leads the reader on an analytical path to development, with institutions as its central focus. While its main emphasis is on the problematic nature of development in lagging or backward regions, contributions from the literature on developing countries have also been taken into...

Corruption is a symptom and outcome of institutional deficiency, with potentially adverse effects on economic growth. This paper aims to provide a synthesis of the existing evidence on the relationship between corruption and economic growth - controlling for effect type, data sources, and...

The article offers a brief overview of the administrative-territorial organization and reorganization in the former county of Arad. Old medieval boundaries have known significant changes after the installation of Habsburg rule. Political, social and military reasons determined the imperial...

Global climate change and security of supply concerns pose significant challenges for sustainable development as well as the need to improve energy efficiency in transition and developing economies. Meanwhile, economic theory suggests that market-based economic policies and reforms are crucial...

The aim of this survey is to explain the real impact of aid on governance in the developing countries: including the subsahara and the MENA region during the period 1990-2004 by using the “threshold theory”. Stephen Knack proved that foreign aid had a harmful impact on the governance of the...

The knowledge economy and knowledge society depend on the development of networks of communications in terms of both physical possibilities of national and international infrastructure, and the inclination of individuals to participate in these. The rapid spread of such technical capacity, and...

Corruption is an issue of increasing visibility in the academic and policy literature on governance and public policy. Whilst it is often talked about, there appears to be some lack of clarity on both its nature and the nature of its determinants. This has led to some increase in the effort to...