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This study empirically investigates a hypothesis that the degree of aggregate federal personal income tax evasion may be influenced by the interest rate yield on high-grade municipal bonds. After allowing for the impacts of a variety of factors that typically have been inferred to influence...

Il lavoro esamina, con specifico riguardo agli Stati Uniti, 1’impatto reale dei deficits del bilancio federale sui tassi nominali di interesse. Si distingue tra il deficit strutturale, che è la componente esogena del deficit complessivo, e il deficit ciclico, che è invece la componente...

The theory of « Ricardian Equivalence » as presented by Barro (1974) argues that government budget deficits exercise no impact on the rate of interest in an economy. By contrast, Cukierman and Meltzer (1989) argue that, under very reasonable circumstances, deficits will in fact raise real...

This paper tests the hypothesis that the presence of foreign direct investment (fdi) raises the capital-intensity of technology in the Third World. If this hypothesis is accepted, it may he because multinationals (MNCs) adopt a more capital-intensive technology or because mnc's might tend to...

This study investigates, using state-level data for the period 2000-2005, the Tiebout hypothesis (as extended by Tullock) of "voting with one's feet." This analysis differs from previous related studies not only in its adoption of more current migration and other data but also in other ways....

This empirical study seeks to broaden the interpretation of the "rational voter model" so as to include the potential effects of "direct democracy" on the voter participation rate. Direct democracy is assumed to take two forms: initiatives and popular referenda. This study tests the hypothesis...