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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 analyzes the effects of public subsidies on R&D expenditure in the German manufacturing sector. The focus is on the question whether public R&D funding stimulates or crowds out private investment. Cross sectional data at the firm level is used. By applying parametric and...
Persistent link: https://www.econbiz.de/10005076604
are taken into account. The paper proposes a theory of innovation and market structure, showing that the relation between … innovation and competition depends on horizontal spillovers, vertical spillovers, and cooperative settings. The private …
Persistent link: https://www.econbiz.de/10005076906
. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is … opened up by a successful innovation generates a state of optimism in the minds of single entrepreneurs, which eventually …
Persistent link: https://www.econbiz.de/10005077089
Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...
Persistent link: https://www.econbiz.de/10005125582