Showing 1 - 6 of 6
We present a theoretical model postulating that the relationship between crime and governance is “hump-shaped”, rather than linearly decreasing, when criminals need access to markets. State collapse, violent conflict and a lack of infrastructure are not conducive for the establishment of any...
Persistent link: https://www.econbiz.de/10009421587
I formulate a political-economy model of a fiscal union where the threat of secession imposes a limit on fiscal redistribution between regions. I argue that the trade-off between implementing the region’s preferred fiscal policy and benefiting from inter-regional risk sharing depends on the...
Persistent link: https://www.econbiz.de/10010681224
When the Qing Empire collapsed in 1911, military groups moved to the forefront. The power of regional warlords bloomed during 1916–28, splitting China into disparate fiefdoms. The fragmentation of China largely defined the course of events in this country through all 20 century, so explaining...
Persistent link: https://www.econbiz.de/10011240556
Multivariate equivalence testing becomes necessary whenever the similarity rather than a difference between several … assessment of multivariate equivalence. Recently Munk & Pflüger (1999) proposed to test ellipsoidal instead of rectangular … equivalence which are compared numerically with competitors suggested by Brown, Cassella & Hwang (1995) and Munk & Pflüger (1999 …
Persistent link: https://www.econbiz.de/10009219817
We extend “economic equivalence” results, like the Ricardian equivalence proposition, to the political sphere where … environments with distorting taxes, economic equivalence relations between policies with different levels of debt do not extend to …
Persistent link: https://www.econbiz.de/10009645636
This article studies the equivalence between labor and consumption taxes in a stochastic context, where the government …
Persistent link: https://www.econbiz.de/10005051510