The study of the link between debt and growth has been full of debates, both in theory and empirics. However, there is a growing consensus that the relationship is sensitive to the level of debt. Our paper tries to address the question of non linearity in the long term relationship between...

We analyze the short and long run effects of demographic ageing—increased longevity and reduced fertility—on per-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital deepening, and indirect effects, working through...

The fundamental focus of economic development is the development of the human person, and over the years, there has been a common consensus among development economists on the efficacy of social services in achieving this objective. But, as is the case in advanced countries, is social spending...

In the present essay we analyse for the first time as far as we know the development of democracy, which emerged in Greece during the classical period, into the proto-federations of the democratic city-states. We examine their political institutions and policies, like common defense and external...

The efficiency of Turkish health system, which was restructured by the health transformation framework, depends on the mutual compliance of both health service providers and demanders. The future and success of the new health system may be determined by solving problems that were generated from...

The demographic database of Istat (www.istat.it)is explored and the main facts are extracted and described, both at the aggregate national level as well as at the regional one. This paper is completely self-standing but, at the same time, poses the basis for a more general analysis that will be...

Increasing and sustaining the quality of life for people can be possible when they are healthy. Good health conditions require good quality and reachable health care services. Because of the market failure as a result of asymmetric information, public sector as well as private one provides...

Shift to the program planning and budgeting is a budget policy priority in Russia. However, the current system of public programs development and implementation needs to be improved. The research aims at development of methodological approaches for a priori financial control of public programs...

The main objective of this paper is to fill a critical gap in the literature by analyzing the effects of decentralization on the macroeconomic stability. A survey of the voluminous literature on decentralization suggests that the question of the links between decentralization and macroeconomic...

Merging procurement auction data with an employment dataset for highway construction firms in Texas, we provide evidence on the link between government construction spending and firm-level job creation in the highway construction industry during 1999-2006. Our results suggest that firms expand...