This paper offers additional insights on the interactions between economics and politics in Portugal. We use an unexplored data set consisting of monthly polls on vote intentions for the main political parties in Portugal, since 1986. Results indicate that: (1) socialist governments had less electoral support than social democratic governments; (2) social democratic governments enjoyed a honeym...

With the fall of the Socialist block in 1989, the Cuban national economy collapsed, followed by a severe scarcity in gasoline, materials and especially food. Of Alamar, a New Town socialist housing project under construction in East Havana, only the areas dedicated to dwelling were finished, leaving the neighbourhood without a defined public space or economic centre. Due to the limited transpor...

Abstract This paper analyzes the dynamic effects of economic disasters, captured by cumulative decline in output at least 10% over 1 or more years, on disposable income inequality a sample 99 countries annual period 1960–2017. Based impulse response functions derived from robust local projections method, we find that disasters increase 4%, with overall effect being statistically significant and...

Working papers from the Stockholm Institute of Transition Economics and East European Economies are preliminary in nature, and are circulated to promote discussion and critical comment. Any references to individual working papers should clearly state that the paper is preliminary. The views expressed here are the authors' own and not necessarily those of the Institute or any other organization ...

Using data from a 1992 nationally representative survey, this paper examines income inequality among the elderly in contemporary urban China. Focusing on the potential disequalizing impact of economic reforms, it shows that unequal access to pension coverage and preferential pensions rewarding political capital are important sources of income inequality among the elderly. It also shows that opp...

In paying open attention to the features of demand as an endogenous market element, thus downplaying the decisive role of supply technology, Austrian theory constitutes a deviant from economics’ mainstream. Still it is obvious that customer impact is not a key concern for a market process view that sees entrepreneurial efforts as mostly originating with the seller. To remedy this shortcoming ti...

Estimates are made of the numbers and proportions of deaths attributable to smoking in 44 developed countries in 1990. In developed countries as a whole, tobacco was responsible for 24% of all male deaths and 7% of all female deaths, rising to over 40% in men in some former socialist economies and 17% in women in the USA. The average loss of life for all cigarette smokers was about 8 years and ...

In countries with a long history of entrepreneurship and market economy, significant research efforts have been devoted to family business succession. Such studies are rare in former communist countries, mainly because private enterprises were outlawed during the socialist economy era. Considering reports on the importance and complexity of succession issues, and taking into account the ageing ...

T his paper aims to understand the structure and determinants of international bank l ending among APEC economies. Specifically, this paper first aims to analyze whether Australia Canada Japan Chinese Taipei and the United States, which are the only APEC members for which international borrowing data are available, tend to lend more intensively to other APEC members than to non-APEC countries ....