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The question of whether governments spend too much or too little has been a frequent subject of debate, but has been infrequently analyzed.This paper proposes and then applies a methodology which checks to see whether the "Samuelson condition" for the efficient provision of local public...
Persistent link: https://www.econbiz.de/10005828945
Until recently, estimates of demand functions for public goods were obtained (either with aggregate or micro survey data) using single equation estimation techniques. However, demand estimates may be biased when in dividuals' choices of communities are dependent upon the quantity and quality of...
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Female labor force participation has increased significantly in Latin America during the last two decades, a period which was also characterized by large fluctuations in aggregate economic activity. The particular question that this paper focuses on is: How do macroeconomic conditions affect...
Persistent link: https://www.econbiz.de/10005730693
Policy makers are showing increasing interest in employment and training programs as a means of reducing welfare costs, despite the evidence that welfare costs are reduced little by these programs. This paper examines the potential for increasing the welfare savings associated with such programs...
Persistent link: https://www.econbiz.de/10005740990
It is a widely held view that efficient environmental policies regulating transboundary pollution will be adopted only if there is interjurisdictional coordination. Efficient policies can be adopted as a result of interstate treaties or mandated by a central authority. However, if the policies...
Persistent link: https://www.econbiz.de/10005245495
The transfer of sovereign states in a common market is effected by the policy choices of all memeber states. The free mobility of goods and factors of production creates the policy externalities. The European Union, for example, is working towards comletely free movement of citiens between...
Persistent link: https://www.econbiz.de/10005245498