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The federal government is headed toward a financial crisis as a result of chronic overspending, large deficits, and huge future cost increases in Social Security and Medicare. Social Security and Medicare would be big fiscal challenges even if the rest of the government were lean and efficient,...
Persistent link: https://www.econbiz.de/10014204619
Following a process of interpenetration between parties and state, public funds are increasingly being used to further the organizational and electoral objectives of political parties. While the available literature has been mainly concerned with the regulated channels of party funding, much...
Persistent link: https://www.econbiz.de/10014148290
In this article, the author examines the impact of government expenditure on economic growth. A review of empirical studies shows that researchers have found a negative link between government spending and economic growth in most cases. This paper is based on yearly data between 1995 and 2020 in...
Persistent link: https://www.econbiz.de/10013347370
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10003747332
When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCPF) which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on...
Persistent link: https://www.econbiz.de/10014234016
When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCP F ), which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on...
Persistent link: https://www.econbiz.de/10014299347
As Government contractors expand their business overseas, they expose themselves to the risk of violating the Foreign Corrupt Practices Act (FCPA) and the high sanctions that accompany those violations. Given the nature of a Government contractor's business, they are naturally at greater risk of...
Persistent link: https://www.econbiz.de/10013114130
This paper empirically investigates the relationship between corruption and the emigration of those with high, medium … and low levels of educational attainment. The empirical results indicate that as corruption increases the emigration rate … levels of educational attainment, however, increases at initial levels of corruption and then decreases beyond a certain …
Persistent link: https://www.econbiz.de/10010341207
This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that … corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by … government expenditure, the shadow economy and military expenditure. We find that the effect of corruption on public debt is …
Persistent link: https://www.econbiz.de/10010208991
This paper systematically examines the role of fiscal policy, trade and energy taxes on environmental quality in Europe using disaggregated data for 12 European countries over the 1995-2008 period. It uses a methodology that obtains estimates mostly free of time-varying omitted variable biases....
Persistent link: https://www.econbiz.de/10009278172