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In an endogenous-growth model, we consider alternative ways of providing public capital using distortionary taxes. We show that if the government provides the good, the resulting growth rate and welfare may or may not be higher than under laissez-faire. By contrast, if the government subsidizes...
Persistent link: https://www.econbiz.de/10005076791
On 13 July 1998 the Treasurer referred the current and alternative funding methodologies for nursing home subsidy rates …, announced in the August 1996 Budget, included a process of ‘coalescence’, under which the different nursing home subsidy rates … Commission into differential subsidy rates. …
Persistent link: https://www.econbiz.de/10005134620
efficiency- wage relation in the low wage sector. The general equilibrium effects of subsidy policies on urban unemployment and … domestic factor income are examined.The main findings in this paper shows that urban subsidy policy softens the problem of … urban unemployment ,while the rural subsidy policy aggravates this, if informal sector is linked to the international market …
Persistent link: https://www.econbiz.de/10005062738
The study compares manufacturer prices in Australia and seven other countries for 150 pharmaceuticals listed on the Pharmaceutical Benefits Scheme (PBS), as at 30 June 2000. The comprehensive study found that prices in the USA are between 80 to 160 per cent higher than in Australia, and prices...
Persistent link: https://www.econbiz.de/10005407754
We evaluate the impact of bank loans and start-up subsidies on the survival of the new firms. This work relies on the SINE94 survey that provides rich information on the entrepreneurs and their start-up projects. We use the propensity score matching methodology, in the case of multiple...
Persistent link: https://www.econbiz.de/10005408373
oil subsidy domestically. The problem that faced by the government is that the compensation fund will hardly enjoyed by …
Persistent link: https://www.econbiz.de/10005412627
This paper reports experimental evidence on behaviour in an Ultimatum Game where responders have low structural information and feedback so that they have to learn the nature of the game during repeated play. The results lend support to the view that certain learning conditions are less...
Persistent link: https://www.econbiz.de/10005125583
Persistent link: https://www.econbiz.de/10005125648
The widespread ennoblement of the Spanish bourgeoisie in the sixteenth century has been traditionally considered one of the main causes of Iberian decline. I document and quantify the surge in ennoblement through a new time series of nobility cases preserved in the Archive of the Royal Chancery...
Persistent link: https://www.econbiz.de/10005125846
This note is mainly based on a short interview with Thomas C. Schelling (TCS), who shared the Nobel Prize with Robert J. Aumann in 2005. The interview took place on 06.03.2001 at University of Maryland, College Park, USA. It consists of two parts. The first part is about his interpretation of...
Persistent link: https://www.econbiz.de/10005126069