We propose in this paper a survey over the evolution of growth theory with respect to public spending. Building on evidence from neoclassical growth models, we emphasize growth effects of public spending in the endogenous growth literature, and particularly in the Barro (1990) model with...

As governments lack the rationality-promoting selective pressures of market competition, the standard (unbounded) rationality assumption is less legitimate in Public Choice than in analysis of markets. This paper argues that many Public Choice problems require recognizing that human rationality...

This paper discusses trends in capital taxation and the role of the corporate tax rate in a welfare state. It provides a summary of the tax competition literature with special application to capital taxation in small versus large countries. A main finding from this literature is that small...

The importance of endogenous capacities and government support in the resilience of regions The paper aims to discuss the major determinants that make a region more resilient than the other regions and the role of government policies in building resilient regions. It aims to explore both the...

The recent financial crisis triggered the greatest recession since the 1930s and had a devastating impact on households' wealth and on their capacity to reduce their indebtedness. In the aftermath, it became clear that there is significant room for improvement in property risk management. While...

The paper analyzes the implications of local and global pollution when two types of abatement activities can be undertaken. One type (e.g., use of particulate matter filters) reduces solely local pollution while the other (e.g., application of fuel saving technologies) mitigates global pollution...

The last two decades have witnessed a tremendous increase in global trade and investments. This has been followed by a shift in the pattern of FDI inflow, which had gradually become more favorable to the developing countries. Consequently, this resulted in an increase in competition among...

Broadband connectivity is now essential to ensure a competitive advantage for any business. The analysis of Scotland's crucial IT infrastructure contribution supported the authors' thesis that the Government plays a decisive role in Open Innovation ecosystems. Indeed, IT infrastructures are a...

There have been significant changes in both the fertility rates and fertility perception since 1970s. In this paper, we examine the relationship between government policies towards fertility and the fertility trends. Total fertility rate, defined as the number of children per woman, is used as...

A 'moderately prosperous society' with no Chinese individual left behind - that's the vision for China set out by Chinese President Xi Jinping in a number of important speeches in 2017. 'Moderate' prosperity may seem like a modest goal for a country with more billionaires (609 at last count)...