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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
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
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
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
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
The United States Constitution is one of the most important documents in the history because it has set an example of a … have been built upon the constitution. Despite its importance, this paper shows that the US constitution has many … compare the US constitution with the theoretical equilibrium political structure. The results of the comparison are very …
Persistent link: https://www.econbiz.de/10011112150
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