The issues involved in deciding whose preferences are to be counted in cost-benefit analysis are often misunderstood or controversial. This paper attempts to resolve the issues in a number of particular cases by looking to the fundamental value assumptions underlying cost-benefit analysis....

The main objective of the paper is to decipher the military expenditure--economic growth relationship, taking the level of economic development (income) into consideration. Our findings suggest the following: (i) military expenditure has a significantly negative relationship to economic growth...

Using a multidimensional classification of economic systems, this article explores the possibility that the former Soviet Union is undergoing a transition from centrally planned socialism to a new system unlike any that currently exists. The legacy of the former system impedes the transition to...

This paper reexamines whether fiscal decentralization constrains Leviathan government. Using panel data for Pennsylvania, we compare actual property tax rates to the Leviathan revenue-maximizing rates for municipalities, school districts, and counties. Using spatial econometric methods we also...

The Appalachian Regional Commission’s definition of the Appalachian region is the one used most often by scholars, politicians, and the popular press. The uncritical use of this definition of Appalachia raises issues of both selection bias and excess heterogeneity in regression analysis of...