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Education, corruption and growth in developing countries

Van, Cuong Le; Maurel, Mathilde - HAL - 2006

education, what can explain the missing growth in developing countries ? Corruption, the poor enforcement of property rights … bad institutions have on growth, but few are examining the link between education, corruption (more generally bad … institutions) and growth. Our model assumes that at low level of GDP per head and high level of corruption education spending has …

Persistent link: https://www.econbiz.de/10010750355

Takeover Contests, Toeholds and Deterrence

Ettinger, David - HAL - 2009

We consider a setting in which two potential buyers, one with a prior toehold and one without, compete in a takeover modeled as an ascending auction with participating costs. The toeholder is more aggressive during the takeover process because she is also a seller of her own shares. The...

Persistent link: https://www.econbiz.de/10010552078

On the (De)Stabilizing Effect of Public Debt in a Ramsey Model with Heterogeneous Agents

Nishimura, Kazuo; Nourry, Carine; Seegmuller, Thomas; … - HAL - 2014

We introduce public debt in a Ramsey model with heterogenous agents and a public spending externality affecting utility which is financed by income tax and public debt. We show that public debt considered as a fixed portion of GDP can have a stabilizing or destabilizing effect depending on some...

Persistent link: https://www.econbiz.de/10010933819

Public Spending as a Source of Endogenous Business Cycles in a Ramsey Model with Many Agents

Nishimura, Kazuo; Nourry, Carine; Seegmuller, Thomas; … - HAL - 2013

We introduce public spending, financed through income taxation, in the Ramsey model with heterogeneous agents. Public spending as a source of welfare generates more complex dynamics. In contrast to previous contributions focusing on similar models but with wasteful public spending, limit cycles...

Persistent link: https://www.econbiz.de/10010933844

General equilibrium impact of an energy-saving policy in the public sector

Hamdi-Cherif, Meriem; Quirion, Philippe - HAL - 2007

We analyse a disregarded environmental policy instrument: a switch in government expenditure away from energy (or other natural resources) and toward a composite good which includes energy-saving expenditure. We first develop two variants of an analytical general equilibrium model. A composite...

Persistent link: https://www.econbiz.de/10009369658

Tax Rate Variability and Public Spending as Sources of Indeterminacy

Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - HAL - 2008

We consider a constant returns to scale, one sector economy with segmented asset markets of the Woodford (1986) type. We analyze the role of public spending, financed by labor income and consumption taxation, on the emergence of indeterminacy. We find that what is relevant for indeterminacy is...

Persistent link: https://www.econbiz.de/10010750922

Ponzi game in OLG model with endogenous growth and productive government spending

Darreau, Philippe; Pigalle, François - HAL - 2011

Barro's model is an AK model, and there cannot be dynamic inefficiency since the social yield of the capital is higher than the growth rate. But it may be that the private yield and thus the interest rate are lower than the growth rate. One can thus have a Ponzi game and the government can allow...

Persistent link: https://www.econbiz.de/10010821067

Tax Revenue Instability in Sub-Saharan Africa: Consequences and Remedies

Ebeke, Christian; Ehrhart, Hélène - HAL - 2011

This paper focuses on the sources and consequences of the instability of tax revenue in Sub-Saharan African countries. We take advantage of a unique and extraordinarily rich dataset on the composition of tax revenues for a large number of countries. Using panel data for 39 countries observed...

Persistent link: https://www.econbiz.de/10008793657

Remittances, Public Health Spending and Foreign Aid in the Access to Health Care Services in Developing Countries

Drabo, Alassane; Ebeke, Christian - HAL - 2011

The aim of this paper is to analyze the respective impacts of remittances, health aid and public spending on the access to health care services in developing countries. The specific objectives are threefold. Firstly, we quantify the differential impacts of remittances on the access to public and...

Persistent link: https://www.econbiz.de/10008794207

The impact of inter-municipal cooperation on local public spending

Frère, Quentin; Leprince, Matthieu; Paty, Sonia - HAL - 2012

The purpose of this paper is to assess the effects of inter-municipal fiscal cooperation on municipal public spending, based on the French experience. We estimate a model of municipal spending choice using panel data and spatial econometrics for municipalities over the period 1994-2003. We...

Persistent link: https://www.econbiz.de/10010899843