We develop a tractable two-country overlapping generations model and show analytically that the cross-country differences in financial development help explain three recent empirical facts characterizing international capital flows: financial capital flows from relatively poor to relatively rich countries while FDI flows in the opposite direction; net capital flows are from poor to rich countri...

In 1981, Paris and Wilkie [28] indicated it was an open question whether IΣ0 would satisfy the Second Incompleteness Theorem for Herbrand deduction. We will show that some specially formulated axiomizations for IΣ0 can evade the Herbrandized version of the Second Incompleteness Theorem.

This paper calls on social policy scholars to approach health differently in their research. Our goal is bring core insights from epidemiology into conversation with welfare state and We argue that the investment framework has most potential for this integration. The objective of policies keep modern states sustainable through high employment strong human capital. requires not only a large well...

We demonstrate how earlier approaches to model the impact that corporate social responsibility (CSR) has on investment inefficiency are likely be incorrect and propose use of stochastic frontier methodology this relationship. apply approach a sample European listed companies, providing robust evidence CSR performance is negatively associated with inefficiency. This result consistent claim high ...