The rule of law entails government accountability, equal access to justice and the political process, efficient judicial and political systems, clear laws, generally stable laws, and the protection of fundamental human rights. This paper explores whether Islamic law conforms to these principles in theory and in practice. Three conclusions are reached. First, various early Islamic institutions w...

This paper examines the elements of institutional development critical to the enhancement of company performance in transition economies. This includes initial conditions, forms of privatization, institutional frameworks and the competitiveness of markets. Comparing empirical evidence, the paper concludes that there is a clear distinction in effectiveness of policies followed and their impact b...

This paper investigates if multinationals influence the political process through lobbying more effectively than national firms. First, I introduce a model which contrasts a multinational’s incentives for lobbying with those of a national firm. Then the effect of lobbying on the political decision is analyzed. I conclude that multinationals have smaller incentives to lobby because they have sma...

Elements of an economic theory of political institutions are introduced. A variety of electoral systems are reviewed. Cox’s threshold is shown to measure incentives for diversity and specialization of candidates’ positions, when the number of serious candidates is given. Duverger’s law and its generalizations are discussed, to predict the number of serious candidates. Duverger’s law is interpre...

Political socialization is the process by which the transition of political cultures takes place from one generation to another.In the other words political socialization is continuous in whole of life, in which political personality of people is formed. Many factors affect people political socialization that some of them are; Family, Mass Media, School and Peer Groups. This research represents...

This study investigated the effectiveness of Rational Emotive Behaviour Therapy in improving retirees’ attitude towards political participation. Twenty four retirees (mean age = 55.50 years) within Ilorin, Nigeria participated in the study. They were randomly assigned to one treatment and one control groups. A validated instrument termed “Retirees’ Attitude towards Political Participation Quest...

Based on social influence theory, we develop a model in which the use of peer intimidation by Machiavellian employees results in greater promotability ratings by supervisors. However, consistent with interdependence theory, we expect that this process is qualified by job autonomy and the political skill of the supervisor making the promotability rating. Based on a sample of 204 supervisor–subor...

The main purpose of this paper is to provide a quantitative analysis to investigate the behavior of the OPEC oil price. Obtaining the best mathematical equation to describe the price and volatility of oil has a great importance. Stochastic differential equations are one of the best models to determine the oil price, because they include the random factor which can apply the effect of different ...