AID,POLICIES, AND GROWTH: WHY SO MUCH CONFUSION?

We revisit the highly debated aid‐policy‐growth association. Our results overturn Burnside and Dollar's original findings by simply using new data over the same countries and years. Marginal effects from the extended sample (1962–2013) provide weak evidence that aid can promote growth in the presence of good policies. Post‐Cold War (1990–2013) analysis, however, reveals that aid can decrease growth at any level of policy. The overwhelming majority of the results suggest aid conditional on policy is ineffective. This debate continues because the results are highly sensitive to country‐year selection, choice of methodology, measurement of institutional quality, and growth rate measurement. (JEL F35, O23, O40)     

Wild horse-based tourism as wildlife tourism: the wild horse as the other

Wild horses as the focus of tourism occupy a unique position. This is a consequence of their ambiguous status in the natural and cultural landscape, particularly in North America. Wild horses are ecological agents, cultural icons, economic factors and political pawns. The complexity of their management environment has an impact on the tourism and recreational context. Focusing on the western US and western Canada, this article explores a conceptual framework for wild horse-based tourism and highlights unique characteristics of the encounter between wild horses and visitors, drawing on literature and empirical data. It positions wild horse-based tourism within a framework of wildlife tourism and introduces the wild horse as a charismatic animal which elicits strong reactions from visitors who encounter it. While visitors tend to embrace the wild horse as an integral part of its habitat, as a symbol of the western frontier, and an embodiment of freedom, the animal remains an extremely polarising subject in the management debate of public lands in the USA and Canada. The wild horse's beleaguered status in both countries seriously interferes with the realisation of the true potential of wild horse-based tourism. On the other hand, wild horse supporters pin high hopes on this industry's transformative power.     

Rhetoric versus Reality: The Best and Worst of Aid Agency Practices

Foreign aid critics, supporters, recipients, and donors have produced eloquent rhetoric on the need for better aid practices—has this translated into reality? This paper attempts to monitor the best and worst of aid practices among bilateral, multilateral, and UN agencies. We create aid practice measures based on aid transparency, specialization, selectivity, ineffective aid channels, and overhead costs. We rate donor agencies from best to worst on aid practices. We find that the UK does well among bilateral agencies, the US is below average, and Scandinavian donors do surprisingly poorly. The biggest difference is between the UN agencies, who mostly rank in the bottom half of donors, and everyone else. Average performance of all agencies on transparency, fragmentation, and selectivity is still very poor. The paper also assesses trends in best practices over time—we find modest improvement in transparency and more in moving away from ineffective channels. However, we find no evidence of improvements (and partial evidence of worsening) in specialization, fragmentation, and selectivity, despite escalating rhetoric to the contrary.     

The emerging aversion to inequality

This paper provides evidence of the changing attitudes to inequality during transition to the market in Poland. Using repeated cross-sections of the population, it identifies a structural break in the relationship between income inequality and satisfaction. Whereas in the first stage of the transition process, an increase in income inequality was interpreted by the population as a positive signal of wider opportunities, later in the transition period increased inequality became a factor in dissatisfaction with the country's economic situation. This was accompanied by increasing public sentiment that the process of income distribution is flawed and corrupt.     

The Dawn of the AI Robots: Towards a New Framework of AI Robot Accountability

Journal of Business Ethics - Business, management, and business ethics literature pay little attention to the topic of AI robots. The broad spectrum of potential ethical issues pertains to using...     

The geometry of optimal taxation: a primal approach

We characterize zero tax results geometrically as a condition on indifference curves and the implementability constraint. The condition can also be expressed as a generalized homotheticity condition on the utility function and also extends older results on uniform taxation that use the duality approach. Many zero taxation results in dynamic macroeconomics can be derived from our characterization; thus it provides a unified framework for a systematic study of these phenomena. Our geometric method also allows to study the sign of deviations from zero tax results in more complicated frameworks such as taxation without commitment.