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Are people happier if they experience freedom from regulation, and how do individual attitudes towards liberalisation influence personal life satisfaction? Based on data from European and World Values Surveys and the Economic Freedom of the World project we find evidence for positive effects of...
Persistent link: https://www.econbiz.de/10010663723
Government is an important institution in every society, but public trust in government has been declining worldwide …. Like social trust, institutional trust in government manifests in two forms—goodwill-based (based on intentions and … competence-based, institutional trust in government. Intercultural experience was negatively related to goodwill …
Persistent link: https://www.econbiz.de/10010999373
This paper empirically analyzes whether government size is conducive or detrimental to life satisfaction in a cross … satisfaction decreases with higher government consumption. For low, middle income, and male people, this result is stronger when … the government is leftwing, while government consumption appears to be less harmful for women when the government is …
Persistent link: https://www.econbiz.de/10005709031
This paper discusses the common-pool problems that arise when multiple territorially overlapping governments share the authority to provide services and levy taxes in a common geographic area. Contrary to the traditional Tiebout model in which increasing the number of competing governments...
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The theory of fiscal federalism makes a strong case for decentralizing government functions in order to enhance the … regional dimension of democracy. However, decentralized government raises severe coordination problems. Coordination of public … agencies within government—among the Executive, the Legislative, the Judicature, and the Administration—is difficult enough …
Persistent link: https://www.econbiz.de/10005835433
Why are investors rushing to purchase US government securities when the US is the epicentre of the financial crisis … invested in US government securities. America’s exorbitant privilege comes with a cost and a responsibility that US policy …
Persistent link: https://www.econbiz.de/10005835897