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State Fiscal Institutions and the U.S. Municipal Bond Market
Poterba, James M. - 1997
This paper presents new evidence on the effect of state fiscal institutions, particularly balanced-budget rules and restrictions on state debt issuance, on the yields on state general obligation bonds. We analyze information from the Chubb Relative Value Survey, which contains relative...
Persistent link: https://www.econbiz.de/10012472575
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Colonial Institutions, Commodity Booms, and the Diffusion of Elementary Education in Brazil, 1889-1930
Musacchio, Aldo - 2014
We explain how the decentralization of fiscal responsibility among Brazilian states between 1889 and 1930 promoted a unequal expansion in public schooling. We document how the variation in state export tax revenues, product of commodity booms, explains increases in expenditures on education,...
Persistent link: https://www.econbiz.de/10012458635
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Economic Integration and Political Disintegration
Alesina, Alberto - 1997
Trade liberalization and political separatism go hand in hand. In a world of trade restrictions, large countries enjoy economic benefits because political boundaries determine the size of the market. In a world of free trade and global markets even relatively small cultural, linguistic or ethnic...
Persistent link: https://www.econbiz.de/10012472651
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Commodity Trade and the Carry Trade : a Tale of Two Countries
Ready, Robert - 2013
Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...
Persistent link: https://www.econbiz.de/10012459290
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Federalism's Values and the Value of Federalism
Inman, Robert P. - 2008
scholars and is there any evidence that would suggest all this attention is warranted? Proponents see federalism as a means to …, while policy decentralization is the key to federalism's strong rights and economic performance and can be achieved within a … provides federalism's valued outcomes. Third, federalism needs democracy; there is no evidence that adding policy …
Persistent link: https://www.econbiz.de/10012464912
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Was Pandemic Fiscal Relief Effective Fiscal Stimulus? Evidence from Aid to State and Local Governments
Clemens, Jeffrey; Hoxie, Philip G.; Veuger, Stan - National Bureau of Economic Research - 2022
We use an instrumental-variables estimator reliant on variation in congressional representation to analyze the effects of federal aid to state and local governments across all four major pieces of COVID-19 response legislation. Through September 2021, we estimate that the federal government...
Persistent link: https://www.econbiz.de/10013334387
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Labour in India's organized manufacturing sector
Sen, Sunanda; Dasgupta, Byasdeb - In: The Indian journal of labour economics : a quarterly … 49 (2006) 1, pp. 79-101
Persistent link: https://www.econbiz.de/10003351998
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Labour productivity in small scale industries in India : a state-wise analysis
Sharma, Rakesh Kumar; Dash, Abinash - In: The Indian journal of labour economics : a quarterly … 49 (2006) 3, pp. 407-427
Persistent link: https://www.econbiz.de/10003417236
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Determinants of income in rural non-farm activities : empirical evidence from Punjab
Toor, Jasdeep Singh; Sidhu, Harbans S. - In: The Indian journal of labour economics : a quarterly … 49 (2006) 3, pp. 527-538
Persistent link: https://www.econbiz.de/10003417271
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The performance of Regional Rural Banks (RRBs) in India : has past anything to suggest for future?
Misra, Biswa Swarup - In: Occasional papers / Reserve Bank of India 27 (2006) 1/2, pp. 89-118
Persistent link: https://www.econbiz.de/10003441733