JEL Classification: K42, L13, O17.

Article history: Received 24 June 2011 Revised 12 May 2012 Available online 25 May 2012 JEL classification: O12 O17 O50 P48

Based on an institutional perspective, this study examines the influence of social desirability entrepreneurship early-stage entrepreneurs’ internationalization and moderating role home country economic freedom. Using data from 45,454 entrepreneurs in 48 countries for period 2005–2016, we find that negatively affects internationalization, freedom positively moderates relationship. The contribut...

Differential tax analysis is used to show how the socially optimal fiscal-tax to liquidity-tax ratio changes with the relative size of the tax-evading hidden economy. The smaller the relative size of the hidden economy, the larger the optimal fiscal-tax to liquidity-tax ratio. The empirical cross-section and panel evidence supports this theoretical result. JEL: E31, E52, H21, O17

Differential tax analysis is used to show how the optimal mix of inflation tax and direct taxation changes with the relative size of the hidden economy. The larger the relative size of the hidden economy, the smaller the optimal ratio of direct tax to inflation tax. Anecdotal empirical evidence supports this result. JEL Classification: E62, H21, H26, O17.

Analysis of the economic effects of constitutional rules has made substantial progress over the last decade. This survey provides an overview of this rapidly growing research area and also discusses a number of methodological issues and identifies underresearched areas. It argues that the next logical step of Positive Constitutional Economics is to endogenize constitutional rules. JEL classific...

We study voters’ response to marginal changes the fine for electoral abstention in Peru, leveraging variation from a nationwide reform. A smaller has robust, negative effect on voter turnout, partly through irregular registration. However, representation is largely unaffected, as most of lost votes are blank or invalid. also show that an exemption compulsory voting substantially larger than ful...

in this paper, i investigated the determinants of financial development with emphasis on social capital. first, i explain the relationship between financial development and its determinants, then estimate the model with gregory–hansen (1996) and johansen-juselious cointegration techniques in i.r. of iran (1971-2006). the results showed that, inflation and decline in social capital and weak prop...

An Extension of the Blinder-Oaxaca Decomposition to a Continuum of Comparison Groups This paper proposes an extension of the Blinder-Oaxaca decomposition from two to a continuum of comparison groups. The proposed decomposition is then estimated for the case of racial wage differences in urban Peru, exploiting a novel data set that allows the capturing of mestizaje (racial mixtures). JEL Classif...