An examination of how increased turnover among legislators in the fifty U.S. states affects fiscal policy and economic growth finds that it makes legislators short-sighted. Turnover increases the size of government by increasing the shares of both total spending and taxes in income. In...

This paper analyses whether large governments in Europe reflect efficient responses to a changing social and economic environment (‘welfare economic view’) as opposed to wasteful spending (‘public choice view’). To this end, the effect of government size on subjective well-being is...

Despite the noble concept of equity wherein every citizen has equal right to live a decent life irrespective of their socio-economic and regional/geographic characteristics, the phenomenon of inequality is persistent in everyday life of people especially those living in developing countries such...

The present paper is an attempt to examine the levels of deprivation of rural people in terms of their access to basic amenities like, housing, drinking water, sanitation etc. And also it evaluates the degree of relative disadvantage of rural people when compared with their urban counterparts....

The present study deals with the role of the state in the economy and the possibilities to control this role. Measurability of efficiency and the Hungarian characteristics of the role of the state are in the focus of this study, but these issues are organically linked to the notion of...

This paper uses variation in victimization probabilities between individuals living in the same community to shed new light on the costs of crime. I use panel data from the Mexican Family Life Survey for 2002 and 2005 and look at the impact of within-community differences in victimization risk...

Standard economics is regarded as the theory of the market system. Profit is the pivotal phenomenon of this system. Contrary to expectations, though, profit is neither well defined not fully understood. The frailty of the theoretical core is passed on to the subfields. This paper provides a...

This paper uses street-level data on house sales and crime rates for England and Wales to look at the existence of compensating differentials for crime risk. In terms of identification my strategy relies on the use of non-parametric regional time trends as well as various fixed effects to...

In medical faculties, teaching and research are carried out together with patient health care. A large body of literature has empirically studied the effects of these joint academic activities, especially in terms of higher hospital costs and better quality of care. An appropriate definition and...

This paper considers a model of voluntary public good provision with two players and convex costs. I demonstrate that the provision of public good is higher in the sequential framework under fairly general conditions. This outcome shows that introducing convex costs may reverse under some...