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The aim of this paper is to analyse the effect of fiscal decentralization on subcentral governments’ budgetary … decentralization can discipline the subcentral governments’ budgetary decisions, as it happens, for instance, in the USA, Canada and …
Persistent link: https://www.econbiz.de/10010841057
No consensus has yet emerged on whether fiscal decentralization facilitates or impedes the growth of the public sector …. One explanation for this ambiguity in the literature is that the effect of fiscal decentralization on public sector size … between fiscal decentralization and the ideology of the government may influence the size of the public sector. Thereafter …
Persistent link: https://www.econbiz.de/10009004206
The Woodlands (Texas) is one of the best examples of success in a public-private partnership between the US Department of Housing and Urban Development (HUD) and a private firm. Developed as a New Town by Mitchell Energy & Development Corporation, The Woodlands has flourished and created a...
Persistent link: https://www.econbiz.de/10010992086
The paradigm of NPM, like its forerunners, has been trying to answer the same question for almost twenty years: how to implement policies, strategies, programs and projects, using the market-type mechanisms, so that the institutions of the state could achieve the desired results. The praises and...
Persistent link: https://www.econbiz.de/10005789846
Investing the Social Security Trust Fund in a well diversified portfolio of stocks, bonds, and other investments remains the best hope of continuing to fund social insurance without substantially raising taxes or reducing benefits. The problem with investing the Trust Fund in the market is the...
Persistent link: https://www.econbiz.de/10012767328
Although institutions rooted in the folk theorem can support self-enforcing exchange in a wide variety of contexts, their potential to create cooperation is not limitless. In particular, the folk theorem may break down when some agents are physically stronger than others. I demonstrate this in...
Persistent link: https://www.econbiz.de/10005823345
Frey [2001] and others propose subjecting governments to competition within their jurisdiction, but classical liberals argue that having competing law enforcers cannot work. This article describes a hybrid system that relies on markets but has one law enforcement agency per region, with profit...
Persistent link: https://www.econbiz.de/10005823353
This paper suggests that efficiency considerations do not explain why privatization policy is so appealing to the centre-left parties in Europe. Divestitures of state owned corporations in the UK and elsewhere were implemented by right wing parties with the over-arching objective to defeat trade...
Persistent link: https://www.econbiz.de/10005007403
Testimony before the U.S. House of Representatives, Judiciary Committee, Subcommittee on Immigration, Border Security, and Claims (Sept. 29, 2005) contends that the Citizenship Clause of the 14th Amendment has been misconstrued as mandating birthright citizenship. Rather, the clause was a...
Persistent link: https://www.econbiz.de/10012733515
This paper analyzes the lack of civic engagement in local government decision-making and the problems that result from it. I consider one explanation as viewed through public choice theory: dominant special interest groups capture local governments for their own private interests. Thus, average...
Persistent link: https://www.econbiz.de/10012773368