We estimate the Marginal Cost of Public Funds for Argentina using a computable general equilibrium (CGE) model, assessing the sensitivity of the results to the existence of alternative regulatory regimes (Price-Cap and Cost-Plus) for public utilities subject to regulation. Although the estimates...

In this article, there are developed the main directions of transformations in the financing system of public health services. Solving condition of overcoming of social and political barriers of re-structuring is the exit on qualitatively other level of coordination of the policy of public...

The passing of Act 39/2006, of 14th December, on the Promotion of Personal Autonomy and Care for Dependent Persons (known as the Dependent Care Law) has created the fourth pillar of Welfare State in Spain. In order to achieve its efficient implementation, we need to know who and how many...

The marginal cost of public funds (MCF) measures the loss incurred by society in raising additional revenues to finance government spending. The MCF has emerged as one of the most important concepts in public economics; it is a key component in evaluations of tax reforms, public expenditure...

This article focuses on the definition of wine as a commodity and as an object of fiscal policy in Madrid during the XIXth century. Against the assumption of neoinstitutional perspectives, for which the definition of a product -being a parcel of property rights- has positive effects by itself...

Sovereign wealth funds, investment vehicles created, funded and controlled by nation states, do not adhere to any clear legal status. Their public ownership and ultimate objectives, together with the private nature of their activities, most of which are confidential and international, have...

Microfinance, having emerged as a widespread phenomenon, is commonly dominated by the approach advocating undue financial and commercial orientation. Microfinance interventions following such an approach have come under severe scrutiny due to a series of crises encountered by them. This paper is...

Considering the alternative solutions to public procurement offered by the public-private partnership structures, this study analyzes the main choices for financing such projects, as the access to financial resources tends to be a significant challenge in the current economic context generated...

Infrastructure represents a national strategic objective and a high priority is given within the Romanian public policies. Financial assistance is received through the European Programmes to support country’s efforts to develop and implement infrastructure projects. Despite the funds allocated...

In order to follow the way in which all incomes are charged and the expenses approved by the state budget are used, the Parliament has set up an independent and neutral specialised institution that is meant to exercise a detailed control over the formation, administration and use of all the...