The Government of Cuba established a tax regime for micro-enterprise as soon as it legalized the sector in 1993. It was designed to function in a difficult context in which a tax-paying culture did not exist, in which widespread non-compliance was feared, and in which some micro-entrepreneurs’...

In a series of recent papers, education economists such as Charles Manski (1992), Dennis Epple and Richard Romano (1998a, 1998b) and Thomas Nechyba (1999) have emphasized the presence of one particular educational spillover in the use of school vouchers – the “peer group” problem. This is...

This paper investigates the fiscal sustainability of three developing countries ? Egypt, Iran and Turkey ? for both stochastic and non-stochastic environments. Both cointegration and multicointegration methodologies were used to evaluate fiscal budgeting processes in these countries. A model for...

That openness and economic growth move together is a propostition which is well supported by empirical evidence. This study is a follow-up of our earlier work in which the emphasis was on the trade dimension of openness. In this paper, we focus on foreign investment in the context of the Indian...