This note demonstratres a potential theoretical problem in achieving general equilibrium in an economy composed of competitive firms maximizing income per worker, under conditions of fixed capital; a problem which might suggest that disequilibria in some markets might be a rule rather than...

The paper uses household budget survey data for income, expenditure, and taxes to analyze how taxes affect household income, and to address questions regarding the burden of taxation and the progressivity of the income tax. The paper provides answers to questions such as these: Does the tax...

Mixed household is a semi-commercial farm earning income from several different sources, including possibly a job in the formal, urban economy. Mixed household has been recognized in development economics literature as an important economic agent, but it has not been a subject of much rigorous,...

Two years after the Polish "Big Bang," privatization In Eastern Europe, the cornerstone of transition, has been progressing at a slow pace which frustrates many reformers in these countries. Notwithstanding the considerable growth of private firms from new entry, the relative number of...

This paper utilizes the 1992 household budget survey of Bulgaria to show the poor revenue effects of the income tax structure prevailing in 1992 which did not take into account the underlying distribution of income. We also show that Bulgaria can benefit from a much simpler and lower income tax...

The paper considers the various theoretical and practical arguments for and against the role of employee ownership in privatisation of state enterprises in Eastern and Central Europe. It argues that employee ownership should not be regarded as an end per se but one of the possible methods of...

Many health care reform proposals expand insurance coverage without fundamentally changing the structure of health insurance. The stay-well plan used in Mendocino County, California, since 1979, offers an alternative insurance structure that provides direct incentives for consumers to control...

This paper presents an analysis of the social impact of the economic crisis and reform programs in three Asian countries: Indonesia, Korea, and Thailand. The focus is on changes in real consumption expenditures arising from higher inflation and unemployment

Empirical explorations of the growth and aggregate productivity impacts of infrastructure have been characterized by ambiguous (countervailing signs) results with little robustness. This paper, utilizing panel data for South African manufacturing over the 1970–2000 period, and a range of 19...