The article presents how the Moldovan economy evolved in the post crisis period and how the major policy incentives were implemented. An assessment of the major problems of Moldova after the crisis is undertaken. The authors emphasize the importance of elimination of fiscal burden,...

Although the global financial crisis of 2008-2009 was the worst economic crisis in over 60 years for many industrial countries, most Asian and Pacific developing countries weathered it quite successfully. The resilience of the region is somewhat puzzling at first sight. In an increasingly...

The aim of this paper is to assess the short term effects of social spending on economic activity. Using a panel of OECD countries from 1980 to 2005, the results show that social spending has expansionary effects on GDP. In particular, we find that an increase of 1% of social spending increases...

The goal of this paper is to examine the impact of oil prices on Vietnam's economic activity using vector autoregressive (VAR) modeling and cointegration techniques. We use monthly data for the period 1995-2009 and include inflation and the real effective exchange rate as additional determinants...

After experiencing spectacular economic growth and industrial development for much of the postwar era, Japan plunged abruptly into recession in the early 1990s and since then has suffered a prolonged period of economic stagnation, from which it is only now emerging. Japan's malaise, marked by...

We analyze how the structure of organizational form of legislative institutions affects <p> interest groups ’incentives to lobby.Lobbying is modelled the strategic provision <p> of information by an interest group to a multi-person legislature.We show that <p> the effectiveness of lobbying lies in...</p></p></p>

We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 and individual European countries by comparing the balanced growth paths of a neoclassical growth model featuring â€constant Frisch elasticity†(CFE) preferences. We...

This paper aims to the analysis of the rules electoral effects on fiscal policy, respect to the Italian case: in fact Italy, since 1861 until nowadays, modified several times its electoral system, switching from the majoritarian to the proportional system. In particular here we focus on the...

The reorientation occurred in the socioeconomic, politic and institutional development of the Latin American and Caribbean countries, since 80's decade, provoke significant transformations in the regional rural spaces. The socioeconomic bipolarization is one of the most remarkable phenomena in...

Previous empirical studies have found a positive relationship between the size of legislature and the size of government. Those studies, however, do not adequately address the concerns of endogeneity. In contrast, this paper uses variation in legislature size induced by statutory council size...