GOVERNMENT REGIME AND POLITICAL REGIME: ARE SYNONIMOUS OR NOT?

Democracy or Dictatorship: The Effect of Political Regime Type on Economic Institutions

The purpose of this study is to investigate the effect of political regime types, including democracy and dictatorship, on the quality of economic institutions as the main variables in the formation of the economic growth process. The political power is distributed among a wide range of interest groups in mature democracies, while it is concentrated in the hands of the elected executive in init...

Energy Regime Choices: Nuclear or Not?

Regime-Switching Risk: To Price or Not to Price?

Should the regime-switching risk be priced? This is perhaps one of the important “normative” issues to be addressed in pricing contingent claims under a Markovian, regime-switching, BlackScholes-Merton model. We address this issue using a minimal relative entropy approach. Firstly, we apply a martingale representation for a double martingale to characterize the canonical space of equivalent mar...

The Political Economy of Exchange Rate Regime Determination: A Comparison of Developing and Developed Countries

The non-optimal choice of exchange rate policy is a serious obstacle to improving the country's economic situation. Considering that the involvement of political economy factors in the adoption of exchange rate policy causes its inefficiency and the choice of exchange rate regime in developing countries seems to has been more influenced by the political economy factors, the study of amount and ...

Political Regime and Human Capital: A Cross-Country Analysis

We examine the relationship between different dimensions of the political regime in place and human capital using a two-step structural equation model. In the first step, we employ factor analysis on 16 human capital indicators to construct two new human capital measures (basic and advanced human capital). In the second step, we estimate the impact of our political variables on human capital, u...