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The global drive towards decentralization has been increasingly justified on the basis that greater transfers of resources to subnational governments are expected to deliver greater efficiency in the provision of public goods and services and greater economic growth. This article examines...
Persistent link: https://www.econbiz.de/10011126574
principles of marketization (understood here as referring to the liberalization of domestic markets and freer international … between marketization and democracy. The first is more direct, stemming from the fact of both systems sharing certain values … and attitudes in common. But there is also a second more indirect chain from marketization to democracy, which is …
Persistent link: https://www.econbiz.de/10011126279
rise of services, driven by structural transformation and marketization of home production, acts as a gender-biased demand …
Persistent link: https://www.econbiz.de/10011126308
This paper examines how the category of failure was economised and made calculable. It explores the preconditions for this shift in three stages. First, it explores how failure came to be ‘forgiven’ in both the U.S. and the U.K. across the nineteenth century, how it came to be defined as...
Persistent link: https://www.econbiz.de/10011126657
We study long-run trends in aggregate market hours of work and shifts across economic sectors within the context of balanced aggregate growth. We show that a model of many goods and uneven TFP growth in market and home production can rationalize the observed falling or U-shaped aggregate hours...
Persistent link: https://www.econbiz.de/10010928747
A wealth-process set is abstractly defined to consist of nonnegative cadlag processes containing a strictly positive semimartingale and satisfying an intuitive re-balancing property. Under the condition of absence of arbitrage of the first kind, it is established that all wealth processes are...
Persistent link: https://www.econbiz.de/10010745612
We study the effect of the fragmentation of intellectual property rights on optimal patent design. The major finding is … requirements should be stronger than in the case of stand-alone innovation. This reduces the fragmentation of intellectual property …
Persistent link: https://www.econbiz.de/10008674332
, increases social welfare and has no effect on the environment. On the other hand, an increase of VAT rates on tourism …
Persistent link: https://www.econbiz.de/10005423056
As tourism is becoming one of the most important sectors of the world economy, the number of small islands trying to develop a competitive tourist activity is increasing and this strategy appears as growth enhancing. In most cases, it is built on the environmental quality of the destination but...
Persistent link: https://www.econbiz.de/10005423094
The number of studies seeking to empirically characterize the reduced-form relationship between a country's economic growth and the quantity of various pollutants produced has recently increased significantly. In several cases researchers have found evidence in favor of an inverted-U...
Persistent link: https://www.econbiz.de/10005423095