This paper examines the impact of industrial policy on capital structure based on a partial adjustment model of capital structure that incorporates financial flexibility, macroeconomic conditions, economic development as well as firm-level factors. The issue is investigated in the context of Taiwan where industrial policy is widely considered to have played a strategic role in its economic succ...

in the present time, phenomenon like globalization, regionalism and economic integration are the basic issues which bring many positive consequences to the world economy. regionalism and economic integration are one of the ways that developing countries can adopt to collate the globalization process. to acknowledge their own abilities or, to settle the commercial and economic disputes in their ...

Ethiopia has achieved one of the fastest growing economies in the world for the last consecutive years by adopting East Asian countries model of development. Based on developmental state paradigm, the ruling party has been able to design a pragmatic developmental strategy which is tailored and adjusted to the country's unique socio economic structure. The experiment has resulted on unprecedente...

We present an argument for changes in the franchise in which an elite split along economic interests use the suffrage to influence implemented policies. Through the influence of these policies on the character of industrialization, we analyze the effects of franchise changes on economic growth. We identify in the social structure of society an explanation for the connection between enfranchisem...

Processes of social opinion formation might be dominated by a set of highly influential agents acting as ‘opinion leaders’. Here we explore whether such a perspective could shed light on the dynamics of a well known economic sentiment index. To this end, we hypothesize that the respondents of the survey under investigation form a core-periphery network, and we identify those agents that define ...

The relationship between population structure and violent conflict is complex and heavily dependent on the behavior of other variables like governance, economic prospects, and urbanization. While addressing rapid population growth might be a necessary condition for peace, it is by no means sufficient. Concomitant steps must also be taken to foster inclusivity, guarantee broader rights for all, ...