This paper examines the effects of public provision of private goods (i.e., non-social government subsidies) to the detriment of government provision of public goods and social subsidies on two key measures of the quality of economic growth: poverty rates and income inequality. We use a new data...

This essay explains the emergence of government failure within an economy and links this type of government failure with market failure. The current framework used to analyze the link between fiscal policy choice and sustainable growth patterns is incomplete in at least two ways. First, previous...

"Empirical evidence suggests that the higher-order effects of natural disasters, which affect intangible assets, may be even more important than the material inter-industry effects. However, most existing general equilibrium models ignore higher order effects concerning human capital. Moreover,...