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Sound public finances are crucial for ensuring a successful transformation of transition countries to democratic market economies. The transition countries in North Africa are an important example for this. These countries experienced increasing budget deficits in 2011 and 2012. Public finances...
Persistent link: https://www.econbiz.de/10011260431
Political scientists and economists increasingly agree that institutions may influence economic growth, but there is little general agreement on what institutions tend to produce what consequences. We apply public choice insights for a theoretical analysis that may be termed “Madisonian”:...
Persistent link: https://www.econbiz.de/10009421987
The paper analyzes European integration from a constitutional economics perspective. It is argued that the use of the Prisoners' Dilemma as a description of the advantages of European integration is fallacious. If the situation is a PD, the solution is impossible; if it is not, it is unnecessary.
Persistent link: https://www.econbiz.de/10009644912
principle of gender equality is firmly established in the Indian Constitution, translating de jure gender equality and the … years. There is still unfortunately a wide gap between the goals enunciated in the Constitution, legislation and policies …
Persistent link: https://www.econbiz.de/10011258580
The proposals of the Commission to review the Constitution of Romania were subject to the analysis of experts from the …
Persistent link: https://www.econbiz.de/10011234835
This paper describes institutions of direct democracy between 1997 and 2003 in 26 Swiss cantons (states), specifically the statutory initiative and referendum, the constitutional initiative, and the fiscal referendum. In particular, it discusses their applications, but also the legal...
Persistent link: https://www.econbiz.de/10005039975
Nigeria was incorporated in 1914 when Frederick Lugard(First Governor-General) amalgamated the two British protectorates of Northern and Southern Nigeria and the Crown colony of Lagos into a single entity. The primary reason for almalgamation was economic rather than political. It is therefore,...
Persistent link: https://www.econbiz.de/10005835516
This note considers the foundations of the Federal Reserve Board's independence. Its origins are shown to reside in the American political philosophy, under which independence is an essential working condition for a perennial democracy.
Persistent link: https://www.econbiz.de/10008548827
this process) on the "extent" of "democratic restraints" of the socially preferred constitution and on the welfare derived … effect on the level of democracy of the socially preferred constitution and on social welfare. Moreover, it is proved that …, reaches the maximum possible level, only if political communication is "perfect". That is, the socially preferred constitution …
Persistent link: https://www.econbiz.de/10008549602
are included in the fundamental act, as well as other legal acts inferior to the Constitution, that are meant to develop … the rules as principles from the Constitution. Given its importance and complexity, local public administration has a vast …
Persistent link: https://www.econbiz.de/10011107589