This paper first confirms and extends findings in the previous literature that for major commodity exporters with market-based exchange rates, the world price of their primary commodity exports is an important and robust determinant for their real exchange rate values. However, despite inducing...

A generalized measure of the excess burden of a tax system is proposed which integrates the distribution of taxes, along with standard efficiency and compliance costs, as a source of excess burden. In the absence of compliance and efficiency costs, the generalized excess burden measures the...

Count models often best describe the nature of data in health economics, but the presence of fixed effects with excess zeros and overdispersion strictly limits the choice of estimation methods. This paper presents a quasi-conditional likelihood method to consistently estimate models with excess...

This paper takes a new approach to testing whether employer learning is public or private. We show that public and private learning schemes make two distinct predictions about the curvature of wage growth paths when there is a job change, because the amount of information transferred to a new...

We model the two way interaction between education, corruption and the level of output. Corruption reduces income levels and hence educational attainment. Education in turn affects the incentives for corruption: more education increases output and thus the rents from corruption, but it also...