Ten Thousand Commandments 2021 surveys the size, scope, and cost of federal regulation and intervention and effects on consumers, businesses, and the U.S. economy at large and otherwise attempts to shine a light on the under-appreciated “hidden tax” of America’s regulatory state. The new...

A tractable general equilibrium model is developed to analyze the welfare implications of a biofuel blend mandate and consumption subsidy in the presence of pre-existing labor and fuel taxes. The tax interaction and revenue recycling effects are significant relative to the overall costs of the...

This paper examines the effects of investment subsidized by the federal government's New Markets Tax Credit (NMTC) program, which provides tax incentives to encourage private investment in low-income neighborhoods. I identify the impacts of the program by taking advantage of a discontinuity in...

This paper investigates whether fiscal competition affects the structure of public spending, where theory predicts a shift from residential public goods to industrial public goods. We propose an empirical model that specifically accounts for the strategic nature and endogeneity of fiscal...

The structure of income sources of rural communes in the voivodship of Lower Silesia and its incompatibility with the specification of these communes. The vast majority of rural self-governments was equipped with insufficient in their cases resources. Most of the time they come from central...

The author is trying to indicate limitations connected with formulating arrangement performance budget that were encountered in area of the Voivodes' budgets - the central government territorial (field) administration. The aim of the article is also to point on possible directions of the...

Islamic banking in Pakistan has completed one decade of operations in Pakistan and now there are 5 full-fledged Islamic banks and more than 15 conventional banks with Islamic banking windows. Due to the consistent double digit growth in total assets, the market share had steadily risen to 7% by...

This study used the simple co-integration technique to estimate the direct tax buoyancy for Pakistan economy for the 36 year period starting from FY-1974 to FY-2009. The buoyancy estimated was more than unity which represents slight improvement over previous estimates in past studies. The study...

We examine the dynamic feedback effects of fiscal policies on the government budget and economy activity in a calibrated general equilibrium framework featuring endogenous growth through creative destruction. For several European countries, we find that making tax incentives with respect to...