What is state capacity and how does it affect development? The concept of state capacity
acquired centrality during the late seventies and eighties, sponsored by a rather compact set …

Britain has been a significant voice in global politics in the last two decades and its impact
on world events far outweighs its material resources. But how does a small island on the …

How have the most influential political economists of the past three centuries theorized
about sovereign borrowing and shaped its now widespread use? That important question …

Many people believe that the early development of sovereign debt depended on institutions,
but there are two very different ways of presenting this narrative and two very different …

This article uses a new panel data set to perform a statistical analysis of political regimes
and sovereign credit risk in Europe from 1750 to 1913. Old Regime polities typically suffered …

This paper investigates the effects of structural reforms on real per capita GDP in the short
and long-run by employing Pooled Mean Group approach. I find that during the period 1973 …

This paper performs a systematic analysis that examines institutional fragmentation in terms
of customs tariffs within states west of the Rhine from 1700 to 1815 and between states east …

The article tackles the problem of the most important institutional determinants of public
expenditures. Within the traditions of public choice and institutional economics, it tests …

Mokesčių teisinis reguliavimas pasižymi dinamiškumu, o dažnai ir chaotiškumu, trūksta
susisteminto teorinio požiūrio į pamatinius apmokestinimo principus, jų santykį su žmogaus …

The study aims to examine the FDI-growth nexus in EU countries for the period 1996–2018.
Empirical literature has suggested ambiguous results regarding the beneficial effects of FDI …