This paper uses two classes of multidimensional indices to measure countries’ evolution towards the achievement of United Nations’ Millennium Development Goals (MDGs). Our results suggest that improvements in the different MDGs tend to be uncorrelated among them and, on average, countries are largely offtrack in their way towards MDGs achievement. This evolution has been highly uneven across co...

Reducing insecurity: The principal objective of income transfers? Tax treatment of families in modern industrial countries: The role of the NIT

A comprehensive framework is developed and applied to estimate the economic costs incurred by the Soviet Union in acquiring, maintaining, and expanding its empire. The terms "empire" and "costs" are explicitly defined. Between 1971 and 1980, the average ratio between empire costs and Soviet gross national product was about 3.5 percent; as a ratio to Soviet military spending, empire costs averag...

This study provides new evidence on the relationship between finance and economic growth using an innovative dynamic panel threshold technique. The sample consists of 87 developed and developing countries. The empirical results indicate that there is a threshold effect in the finance–growth relationship. In particular, we find that the level of financial development is beneficial to growth only...

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