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Many of the most pernicious economic institutions and policies create entry barriers or manipulate factor prices to transfer resources from entrepreneurs and workers to groups that hold political power. These inefficiencies partly result from the fact that direct and efficient fiscal instruments...
Persistent link: https://www.econbiz.de/10013148743
Las teorías convencionales del capitalismo están sumidas en una profunda crisis: tras siglos de debates todavía son incapaces de decirnos qué es el capital. Tanto liberales como marxistas se refieren al capital como una entidad "económica" que puede ser contabilizada en unidades universales...
Persistent link: https://www.econbiz.de/10011844476
The motivations of the Arab Spring and hitherto unanswered questions about some of its dynamics inspired this paper, which focuses on how democracy, polity and autocracy affect financial development dynamics of depth, efficiency, activity and size in Africa; contingent on religious-domination,...
Persistent link: https://www.econbiz.de/10009402046
We study a fiscal policy model in which the government is present-biased towards public spending. Society chooses a fiscal rule to trade off the benefit of committing the government to not overspend against the benefit of granting it flexibility to react to privately observed shocks to the value...
Persistent link: https://www.econbiz.de/10012946435
The Journal of Public Finance and Public Choice began publication in 1983 under the title Economia delle scelte … Empoli) desire to amplify and extend the Italian orientation toward public finance that Antonio de Viti de Marco (1888) set …, however, remains unchanged, in that it continues to welcome contributions within public finance and public choice within the …
Persistent link: https://www.econbiz.de/10012948300
The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...
Persistent link: https://www.econbiz.de/10005836969
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10005621372
This book presents a state-of-the-art evaluation of the benefits and costs of behind-the-border services reform. It introduces new, second-generation methods for quantifying regulatory barriers and applies those methods to a wide range of services sectors ¡ª financial, infrastructure and...
Persistent link: https://www.econbiz.de/10011118311
This paper focuses on how political regimes affect financial developments in Africa and the role of dominant religion, income levels and colonial legacies in this regard. The findings indicate that authoritarian regimes have a higher propensity to effect policies that favour the development of...
Persistent link: https://www.econbiz.de/10011118419
labor of women adversely affects labor productivity. (New paragraph) Analysis of finance engenders discussion of its place …
Persistent link: https://www.econbiz.de/10011193715