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This paper investigates the value of political institutions for financial markets, using panel...

Government spending plays a critical role in protecting and enforcing rights and civil liberties....

I construct an endogenous growth model where R&D is carried out at the industry level in a...

While most economists agree that seigniorage is one way governments finance deficits, there is...

Recent studies on the relationship between financial development and poverty have been...

This first issue for 2006 is anchored by two papers on Russia. The opening paper discusses Russia...