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This empirical analysis is based on the latent variable framework to identify key determinants of protests in Russia during 2011–2012. We derive logistic regressions from the revolution constraints based on economic (the political Kuznets Curve) and socio‐psychological (grievance) theories of...
This paper is based upon the assumption that a firm's profitability is determined by its degree of diversification which is, in turn, strongly related to the antecedent decision to carry out diversification activities. This calls for an empirical approach that permits the joint analysis of the...
This paper reports new evidence on the existence of both large and small price divergent clusters for China's energy markets, 2000–2009. The largest convergent price clusters suggest that the coal and gasoline markets are well integrated, however, small convergent price clusters suggest that...
We show that wage setting in the Colombian manufacturing industry is not fundamentally driven by labour productivity in contrast to the standard theoretical prediction. On the contrary, internal institutional arrangements – payroll taxation, the minimum wage or the price wedge between...
Using unique data from Hungary, the gap in reading and mathematics test scores between Roma and non‐Roma 8th grade students is assessed and a substantial gap between them revealed. Standardized test scores as well as the fraction of students with competences considered inadequate are examined....
Over the past two decades, China's R&D intensity has surged. The institutional arrangements underlying this surge remain unclear. We study the notable restructuring of the country's 5,000 research institutes, begun in 1999. This study first reviews the evolution of China's research institute...
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