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The role of the state is finally the decision of the citizens. The government, being a result of elections, can provide more or less protection and increase or decrease expenditures. Anyway for achieving goals and for being performant the state definitly has to promote a good governance. Good...
Persistent link: https://www.econbiz.de/10005835427
Electric power is so vital to both our economic and personal wellbeing that the erstwhile state policy in most of the developing countries, including India, had vested the power industry in the hands of the state as a promotional agency for subsidized supply. However, with the onset of the...
Persistent link: https://www.econbiz.de/10005835838
This paper estimates trends in absolute poverty in urban China from 1988 to 2002 using the Chinese Household Income Project (CHIP) surveys. Poverty incidence curves are plotted, showing that poverty has fallen markedly during the period regardless of the exact location of the poverty line....
Persistent link: https://www.econbiz.de/10005836035
The paper proposes two axioms that capture the idea of sustainable development and derives the welfare criterion that …-run future, and specify trade-offs between them. It examines other welfare criteria which are generally utilized: discounted … value under a standard price system may fail to reach optimal sustainable welfare levels, and Example 4 that the two …
Persistent link: https://www.econbiz.de/10005836308
and welfare loss. …
Persistent link: https://www.econbiz.de/10005836401
This paper assessed empirically Nigeria’s agricultural export and economic welfare. Data used for the study were … economic welfare of Nigeria. Economic welfare was found to have grown at rate of 2.9% over the period and would be expected to … welfare. …
Persistent link: https://www.econbiz.de/10005836651
We examine the implications of search unemployment for the evaluation of a transport in-vestment in a conventional cost benefit analysis (CBA) assuming perfect competition. Lower transport costs induces search over a larger area and longer commuting distances. The ex-pected duration of vacancies...
Persistent link: https://www.econbiz.de/10005836941
It is widely believed that disclosure quality improves investors’ welfare by reducing cost of capital in a competitive … investment is sufficiently elastic. Second, there are plausible conditions under which disclosure quality reduces the welfare of … the welfare of either current or new investors. These results may help interpret the mixed empirical findings on the …
Persistent link: https://www.econbiz.de/10005837050
We derive the value of reliability in the scheduling of an activity of random duration, such as travel under congested conditions. We show that the minimal expected cost is linear in the mean and standard deviation of duration, regardless of the form of the standardized distribution of...
Persistent link: https://www.econbiz.de/10005837545
-order efficiency losses that outweigh the budget cost to the government. By contrast, wage subsidies involve much smaller welfare …
Persistent link: https://www.econbiz.de/10008515860