As by product of economic growth, jobs are indeed transformational. In other words, efficiency increases as workers get better at what they do (as more productive jobs appear and less productive ones disappear). In fact societies flourish as jobs bring together people from different ethnic and...

Many Sub-Saharan African (SSA) countries, like Benin, have scaled up public investment during the last decade. Such a strategy contributed to the improvement of infrastructure, but also to a build-up of debt vulnerabilities. Looking forward, the planned fiscal consolidation will result in some...

In the last decade of XX century, has expanded the area of capital movements, which included the former socialist countries. Thus, the countries that are attracting some of the centers of the capital and at the same time, participate in the export of capital, it is impossible not to have engaged...

Economic research shows that candidates have a higher chance of getting (re-)elected when they have the luck that the world economy does well even though this is beyond their control and unrelated to their competence. Psychological research demonstrates that candidates increase their chances if...

China's fast growth has been accompanied by rising regional inequality, triggering debate over a policy trade-off between aggregate growth and equity. We set out a three-region model of China in which local government behavior affects local TFP dynamics, and regional inequality itself generates...

This paper examines the impact of government size on how output and government expenditurerespond to oil price shocks in 28 oil-exporting countries between 1990 and 2016. Results suggestthat if the size of government (measured by government expenditure-to-(non-oil) GDP ratio) islarger, non-oil...

Die künftige Regierung sollte die wirtschaftliche Erholung und Stärkung der Wachstumskräfte in den Mittelpunkt ihrer Politik stellen. Dabei ist es sinnvoll, öffentliche Investitionen auszubauen, steuerliche Bedingungen für private Investitionen, Innovationen und Beschäftigung zu...

This paper identifies tax policy that both speeds recovery from the current economic crisis and contributes to long-run growth. This is a challenge because short-term recovery requires increases in demand while long-term growth requires increases in supply. As short-term tax concessions can be...

This paper analyses the impact of fiscal policies on increasing the capacity of SMEs from the manufacturing sector in the Western Balkans, with particular emphasis on those in Kosovo. To achieve empirical results, the data obtained from the opinions of the 100 analysed SMEs were processed...

In this paper, we examine the tourism sector in Maldives, focusing on tax revenue generation and long-run growth potential. We present a sectoral outlook for tourism and use time-series econometric techniques to estimate long-run tax base elasticities. We focus specifically on international...