This article explains the structures and rules built into the New Zealand government’s financial management system which encourage entry into commitments such as public private partnerships. That the system provides a means of escape from the tight constraints imposed by fiscal targets, and...

Purpose – The purpose of this paper is to present Kautilya's principles of taxation during the fourth century BCE. Design/methodology/approach – Modern tools of economic analysis are used to present Kautilya's principles on income taxation. Findings – Kautilya implicitly suggests a linear...

Purpose – The purpose of this paper is to analyze and understand the Rubinomics hypothesis or the argument that “fiscal discipline” will bring private investment to a growth path as a result of a decrease in real interest rates, during the 1990s in the USA. Design/methodology/approach –...

Purpose – The purpose of this paper is to evaluate the role of human capital technology spillovers across countries in converging their growth rates. Design/methodology/approach – This paper develops a closed form mathematical endogenous growth model and applies it to a small open economy...