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Persistent link: https://www.econbiz.de/10005590918
The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in Eastern and Central Europe. It highlights (a) the need to create some sort of “social ecological balance” necessary for the working of a modern market economy; (b) the need to...
Persistent link: https://www.econbiz.de/10005264034
Standard models of fiscal federalism suggest many benefits of decentralization in developing economies, and there has been a recent push toward decentralization around the world. However, developing countries presently still have less decentralization, particularly on the revenue side, than both...
Persistent link: https://www.econbiz.de/10010886216
judiciary. The result is what Lessig calls lawful and systemic “Type 2” political corruption, in which policies favorable to … corruption redistribute income from consumers to shareholders, but Type 2, especially, also reduces aggregate welfare. They do so … Type 2 corruption and the resulting threat to the future security of the United States. Reform of the campaign finance …
Persistent link: https://www.econbiz.de/10009651106
Persistent link: https://www.econbiz.de/10009327455
rate of taxation is determined by voting. Starting conditions play only a minor role for outcomes of the economies, as … that the social institution of government enforced taxation may have evolved to address the problem of under-production of …
Persistent link: https://www.econbiz.de/10009352219
contributions or taxation, 23 out of 24 voting decisions favor taxation. Taxation appears to be superior on grounds of both long run …
Persistent link: https://www.econbiz.de/10010686937
There has long been an emphasis on the importance of decentralization in providing better quality public services in the developing world. In order to assess the effectiveness of decentralization I examine here the case study of Uganda, which has seen maj
Persistent link: https://www.econbiz.de/10010854463
This paper discusses the costs of the crisis with respect to public finance and labour market outcomes. The paper shows the effects of the crisis on public debt, and discusses the possible effects on the functional distribution of taxes and the composition of public spending between public goods...
Persistent link: https://www.econbiz.de/10010817060
Bank shareholders cannot be expected to provide good stewardship to banks because there is a conflict of interests between the shareholder owners and a non-mutually owned bank's depositors; who provide the bulk of the funds in traditional retail banks and are willing to accept a lower return on...
Persistent link: https://www.econbiz.de/10011117775