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program may have long-run welfare gains for the two agents, but only for a certain range of subsidies. However, our …
Persistent link: https://www.econbiz.de/10011168673
The aim of this paper is to empirically examine the relationship between Oil revenues, government spending and GDP growth in the kingdom of Bahrain. Oil revenues are the main source of financing government expenditures and imports of products. Increasing oil prices in the recent years have...
Persistent link: https://www.econbiz.de/10011275135
Most developing and underdeveloped countries beside Sudan suffer from the low levels of income in addition to the low savings that are result from the lack of sophisticated savings channels. Hence, the investment depends on the individual's abilities on self savings, where the investment is...
Persistent link: https://www.econbiz.de/10009223348
This article deals with a tax burden in the European Union in as financial and economic crisis has impacted also on tax systems in the European Union. Governments´ tax measure aims to consolidate public finance and promote an economic growth. The article provides empirical evidence on a shift...
Persistent link: https://www.econbiz.de/10011109362
The study of the link between debt and growth has been full of debates, both in theory and empirics. However, there is a growing consensus that the relationship is sensitive to the level of debt. Our paper tries to address the question of non linearity in the long term relationship between...
Persistent link: https://www.econbiz.de/10011259050
We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the extent of government employment at three levels: federal, state and local. We find that increases in federal, state and local government employments are all negatively...
Persistent link: https://www.econbiz.de/10005616935
countries may have on industrial location, growth and welfare. The conclusions reached finally depend both on whether the import … rich country, the growth rate increases and welfare improves in both countries. If integration means that industry moves to … the poor country, the growth rate decreases; in spite of this, in this case the poor country can also improve its welfare. …
Persistent link: https://www.econbiz.de/10005026631
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
We investigate the effects of public capital investment on the demand for travel. We define capital stock as a productive flow that accounts for the physical deterioration of infrastructure over time. We present a framework where additions to capital stock only cover a portion of the long-run...
Persistent link: https://www.econbiz.de/10011111890
leads to inefficiently low tax rates, and as a consequence to lower welfare levels and growth rates. Each national …
Persistent link: https://www.econbiz.de/10011113601