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A large empirical literature has found positive effects of economic freedom on economic outcomes, such as output and per capita growth. However, several variables in the index are very likely to decline in conjunction with recessions. The purpose of this paper is to determine whether, in the absence of these variable, whether the positive relationship between economic freedom and economic output remains.

This paper makes use of a dynamic panel to compare the performance of economic freedom with and without variables endogenous to business cycles, which pertain to levels of government spending, rates of inflation, government borrowing and interest rates.

Two specifications fall in their statistical significance from the 1 to the 10 per cent level when variables relating to inflation are omitted. The worst case considered finds one specification size of the effect is still 66.3 per cent of the effect size of the standard measure of economic freedom.

These findings are consistent with this kind of endogeneity being a minor problem with the data set when imperfect identification strategies are used, but the issue should be strongly considered when business cycles are pertinent to a research question that makes use of economic freedom data.

This paper contributes to the small literature focused on the robustness of the effect of economic freedom on output, while raising a specific concern that has not yet been explicitly addressed.

This paper aims to address a growing empirical literature which measures the size of the fiscal multiplier at the state and local levels. This literature generally fails to consider the reaction function of the central bank, which typically should be expected to offset local increases in spending by reducing it elsewhere in the currency area. This is true under rather orthodox assumptions, such as an inflation targeting central bank meeting its target.

The author reviews prominent examples of the literature and establishes the extent to which the empirical methodology avoids the issue he raises. Subsequently, the author discusses its importance.

Certain papers in the literature, especially Nakamura and Steinsson (2014), are careful about the issue. Most papers reviewed, however, are not.

There are severe limitations to papers using these methodologies. They are either contingent on very specific assumptions regarding central banks or lack policy relevance. Earlier methodologies, such as vector autoregression and the “narrative” method, deserve higher relative credence among methodologies applied to studying the size of the fiscal multiplier.

The current literature either entirely ignores the issue raised here or it is very briefly brushed aside. Considering the orthodoxy of the assumptions, at the very least, the issue deserves far greater recognition in the future. It may demand a broader re-evaluation of the family of methods.

The purpose of this paper is to investigate the relationship between immigration rates and business failure, where business failure is viewed as a proxy for the presence of entrepreneurship.

It employs a panel data approach to the USA, using the percentage of the population that is foreign born as the explanatory variable for the business failure rate ten years later.

The authors find the effect to be large, with a one standard deviation increase in the foreign born population corresponding to a 1.09 standard deviation increase in business failure rate, and the authors argue, entrepreneurship.

The effect the authors find is very large though perhaps also counterintuitive.

The purpose of this study is to examine and identify the predominant themes in the literature on economic freedom. The paper also highlights the key journals, leading authors, top countries and organisations in the literature on economic freedom.

This paper uses the Scopus database to examine 1,512 articles covering the disciplines of economics, finance, business and social sciences from 1942 to 2022. Vosviewer software is used for creating bibliometric networks.

The findings suggest that significant growth in the economic freedom literature has occurred in the last ten years. Considerable attention has been devoted to examining the relationship between economic freedom and growth. The paper also finds that most of the research on economic freedom has been undertaken in the context of developed countries.

This study is one of the first attempts to undertake a bibliometric analysis of economic freedom. The article also highlights the less-researched areas in the literature and thus provides directions for future research.

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-09-2023-0690.

This systematic literature review analyses the determinants and consequences of executive compensation-related shareholder activism and say-on-pay (SOP) votes. The review covers 71 empirical articles published between January 1995 and September 2017. The studies are reviewed within an empirical research framework that separates the reasons for shareholder activism and SOP voting dissent as input factor on the one hand and the consequences of shareholder pressure as output factor on the other. This procedure identifies the five most important groups of factors in the literature: the level and structure of executive compensation, firm characteristics, corporate governance mechanisms, shareholder structure and stakeholders. Of these, executive compensation and firm characteristics are the most frequently examined. Further examination reveals that the key assumptions of neoclassical principal agent theory for both managers and shareholders are not always consistent with recent empirical evidence. First, behavioral aspects (such as the perception of fairness) influence compensation activism and SOP votes. Second, non-financial interests significantly moderate shareholder activism. Insofar, we recommend integrating behavioral and non-financial aspects into the existing research. The implications are analyzed, and new directions for further research are discussed by proposing 19 different research questions.

A vast and comprehensive body of research highlights the importance of motivation for academic outcomes. More recently, researchers and educators are increasingly becoming aware of the importance of motivation for social and emotional outcomes. In the current chapter, it is argued that motivation is a core component of social and emotional competence because such competence must be actively and willfully applied to have a positive impact on the individual and those around them. Motivation is essential for this application. In this chapter, three well-known motivation constructs are presented as playing a role in promoting positive social and emotional outcomes: social goals, growth mindsets, and autonomous motivation. Then, attention is narrowed down to an in-depth consideration of autonomous motivation and its role in a recently developed conceptual model that articulates the instructional, motivational, and behavioral factors and processes implicated in social and emotional development (Collie, 2020). The conceptual model highlights that instructional practices promote students' perceptions (of autonomy, competence, and relatedness) and, in turn, their autonomous motivation and enactment of socially and emotionally competent behaviors. The chapter concludes with implications for practice and research.