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theoretical results are summarized in a number of propositions. We discuss the implications of the theory, comment on its relation …
Persistent link: https://www.econbiz.de/10012463562
Data for the United States and countries in Western Europe indicate a negative correlation between the dependency ratio and labor tax rates and the generosity of social transfers, after controlling for other factors that influence the size of the welfare state. This is despite the increased...
Persistent link: https://www.econbiz.de/10012470315
We try to demonstrate how economists may engage in research on comparative politics, relating the size and composition of government spending to the political system. A Downsian model of electoral competition and forward-looking voting indicates that majoritarian -- as opposed to proportional --...
Persistent link: https://www.econbiz.de/10012471964
The appropriate size and role of government depends on the deadweight burden caused by incremental transfers of funds from the private sector. The magnitude of that burden depends on the increases in tax rates required to raise incremental revenue and on the deadweight loss that results from...
Persistent link: https://www.econbiz.de/10012472960
This paper analyzes the structural relationship between policies that distort resource allocation and long-ten growth. It first reviews briefly the Solow model in which steady-state growth depends only on exogenous technological change. Policy distortions do affect the rate of growth in the...
Persistent link: https://www.econbiz.de/10012475823
International-capital market integration has become a key policy issue in the prospective integration of Europe of 1992. In this context this paper provides a theoretical analysis of the effects of relaxing restrictions on the international flow of capital on the fiscal branch of government: the...
Persistent link: https://www.econbiz.de/10012476193
. In this paper, we study the possibility that quality of bureaucracy may be an important structural determinant of open …
Persistent link: https://www.econbiz.de/10012470984
The current paper presents a method of deciding the question of whether any given stage in the budget process is an example of the "political" or the "bureaucratic" model. We then use it to study local government spending on education. The basis for our method is the important difference between...
Persistent link: https://www.econbiz.de/10012478928
Meritocracies that aim to identify high-ability bureaucrats are less effective when performance is imperfectly observed. First, we show meritocratic governments forgo output maximization when they design incentives that screen for ability. This trade-off has empirical implications that reveal...
Persistent link: https://www.econbiz.de/10012456711
We revisit the classic problem of tax competition in the context of federal nations, and derive a positive theory of …
Persistent link: https://www.econbiz.de/10011986893