This empirical study seeks to broaden the interpretation of the “rational voter model” so as to include the potential effects of “direct democracy” on the voter participation rate. Direct democracy is assumed to take two forms: initiatives and referendums. This study tests the hypothesis...

This study investigates whether federal government budget deficits in the U.S. over the 1990-99 time period acted to crowd out private investment in new plant and equipment. Using quarterly data, empirical estimations clearly indicate that private investment was in fact negatively impacted by...

This study argues that there is a formal market for journal manuscript articles. The traits of this market for nearly all disciplines, except law, are then described. We discuss how most disciplines permit a manuscript to be submitted to only one journal at a time, the role of submission fees in...

Despite important advances in recent years, no general agreement exists concerning what constitutes management excellence. Specific knowledge of how managerial behavior is perceived and evaluated by others will help to resolve unsettled questions about what is meant by management excellence and...

This empirical note investigates the impact of geographic after-tax real, as opposed to nominal, income differentials on geographic population growth rates. The focus is on Florida's 67 counties and the 1980-88 time period. The empirical results imply that the population growth rate in Florida...

This note has addressed the empirical issue of crowding out by examining the proportion of GDP devoted to private investment in new physical capital in part as a function of the proportion of GDP devoted to federal government outlays. Three alternative models were estimated, all of which...

The purpose of this study is to examine the impact of federal budget deficits upon the nominal long term rate of interest in the United States when, in addition to the usual potential interest-rate-influencing factors such as monetary policy, short term interest rates, the budget deficit, and...

If imitation is the sincerest flattery, then count us among the most flattered. In a recent issue of this Journal, Professor Michael Szenberg provides a number of arguments in support of eliminating the so-called "equitable ban" on authors' submitting manuscripts simultaneously to more than one...

This note seeks to add to the literature on geographic living-cost differentials by investigating the determinants of geographic living-cost differentials among the 67 counties in the state of Florida for the year 1988. In addition to certain variables suggested in the existing literature, the...

This paper has investigated the impact of geographic welfare benefit differentials upon migration in the United States. Unlike other related studies, which typically focus upon black migration (as a surrogate measure of migration of the poor), the present study focuses directly upon migration of...