Capital flight often amounts to a substantial proportion of GDP in developing countries. This paper presents a portfolio choice model that relates capital flight to return differentials, risk aversion, and three types of risk: economic risk, political instability, and policy variability. Estimating the equilibrium capital flight equation for a panel of 45 developing countries over 16 years, all...

It is a piece of idle senthentality that truth, merely as truth, has any inherent power denied to error, or prevailing against the dungeon and the stake. Men are not more zealous for truth than they often are for error, and a sufficient application oflegal or even of social penalties will generally succeed in stopping the propagation of either. The real advantage which truth has, consists in th...

This paper develops a theory of the interaction between appropriative conflict and economic growth. Appropriative conflict, as measured by the diversion of resources, is viewed as the cost of securing effective property rights. We identify conditions under which conflict rises or falls as the rate of economic growth improves. The main implication of the analysis is that if the quality of proper...

The 2008 Candlelight Protests of Korea was very significant to portray the political environment among the South Korean youth. Many challenges and new advanced technologies have driven the youth community to be engaged in the political arena that has shifted them from traditional Korean youth to a very greater community. Due to historical perspective with the people of North Korea, the young ge...

 International construction companies have settled in Africa and especially Nigeria, to compete for infrastructural projects, in a bid to extend their services across their borders. The trans-border extension of the services offered by these international multi-nationals exposes them to the political risk factors pertinent with the host country. In order to survive the harsh realities of the po...

The current study examined whether or not individuals who vicariously win a competition seek out pornography relatively more often than individuals who vicariously lose a competition. By examining a portion of Google keyword searches during the 2004, 2006 and 2008 US election cycles, the relative popularity of online pornography keywords searches was computed for each state and the District of ...

An important challenge in the process of tracking and detecting the dissemination of misinformation is to understand the gap in the political views between people that engage with the so called ”fake news”. A possible factor responsible for this gap is opinion polarization, which may prompt the general public to classify content that they disagree or want to discredit as fake. In this work, we ...

Though political theorists have emphasized the importance of political discussion in non-political spaces, past study of online political discussion has focused on primarily political websites. Using a random sample from Blogger.com, we find that 25% of all political posts are from blogs that post about politics less than 20% of the time, because the vast majority of blogs post about politics s...