Showing 1 - 10 of 332
We investigate the effect of institutions on efficiency of training markets. After setting up a theoretical … institutional framework that shows how institutions affect efficiency, we apply this framework to the real world. An empirical … analysis of institutions affecting training markets will enable us to determine the institutional efficiency of these markets …
Persistent link: https://www.econbiz.de/10005561540
Economic policies and, particularly, fiscal policies are not designed and implemented in an “empty space”: the structural characteristics of the economic systems, the institutional architecture of societies, the cultural paradigm and the power relations between different social groups,...
Persistent link: https://www.econbiz.de/10005408434
In a simple theoretical framework, the quality of institutions affects individual’s investment decisions, and hence … income levels and distribution. When institutions deteriorates and inequalities increase, the incumbent undertakes … redistributive taxation to maintain political support. The quality of institutions and the extent of redistribution depend on the …
Persistent link: https://www.econbiz.de/10005412490
decision makers. These responses, in turn influenced by institutions and instrumental freedoms, ultimately affect the dynamics …
Persistent link: https://www.econbiz.de/10005556907
Severe environmental degradation appears to be threatening the long-term development prospects of countries all over the world, particularly the developing ones such as Nigeria. The paper reviews relevant literature and examines the process of environmental degradation via water pollution in...
Persistent link: https://www.econbiz.de/10005556179
of the sustainability of the Valais’ public debt in order to determine if its level is excessive or not. …
Persistent link: https://www.econbiz.de/10005125990
There are significant differences in the way water rights are defined, allocated and administered in Australia and overseas. This paper includes comparisons of the arrangements for managing water rights against accepted best practice principles for South Au stralia, Queensland, NSW, Victoria...
Persistent link: https://www.econbiz.de/10005556157
Presents a complete and detailed constitutional framework applying the rational self-interest model and market mechanisms to intra and inter- governmental behaviour and collective decisions. In particular, the paper presents an enabling mechanism for the creation, adjustment and dissolution of...
Persistent link: https://www.econbiz.de/10005076593
Standard official measures of economic well-being are based on money income. The general consensus is that such measures are seriously flawed because they ignore several crucial determinants of well-being. We examine two such determinants-household wealth and public consumption-in the context of...
Persistent link: https://www.econbiz.de/10005076601
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