Public Investment, Distributive Politics and Economic Growth

This paper develops on a Solow type of model where the government is introduced as a decision maker. Additionally, this paper introduces consumer decisions and assumes that individuals can be differentiated by their relative factor endowment (labor and private capital). The results indicate that the economy’s growth rate has an inverted U-shape relationship with the tax rate on private capital. They also indicate that the tax rate has a positive relation with the amount of money government spend on consumption (rather than on investment in public capital). The paper also concludes that the choice of the tax rate will be above the optimal level and hence the potential growth rate will not be achieved. Taking the analysis further, it can be assumed that voters will try to correct lower tax rates of public investment by choosing an higher tax rate. This tax rate will be higher if society is more disparate in terms of income distribution. Finally, the conclusion from a public policy perspective is that there is a negative relationship between the chosen tax rate and public investment and that this relationship is highly sensitive to the model parameters.growth, income distribution, government budget, government efficiency

Evidence on the relation between public capital and Government efficiency

This paper intends to contribute to the literature by providing empirical evidence on the relation between public capital stock and government efficiency. We present some objective indicators fo government efficiency and explore the mentioned relation. we find a positive and significant relation between both variables that survives the introduction of controls and robustness checking.

Public Investment, Distributive Politics and Economic Growth

This paper develops on a Solow type of model where the government as introduced as a decision maker. Additionally, this paper introduces consumer decisions and assumes that individuals can be differentiated by their relative factor endowment (labor and private capital). The results indicate that the economy’s growth rate has an inverted U-shape relationship with the tax rate on private capital τ . They also indicate that the tax rate has a positive relation with the amount of money government spend on consumption, θ, (rather than on investment in public capital). The paper also concludes that the choice of the tax rate will be above the optimal level and hence the potential growth rate will not be achieved. Taking the analysis further, it can be assumed that voters will try to correct lower tax rates of public investment by choosing an higher tax rate. This tax rate will be higher if society is more disparate in terms of income distribution. However, by reducing θ, τ automatically decreases thus bringing us closer to the optimum. Finally, the conclusion from a public policy perspective is that there is a negative relationship between the chosen tax rate and public investment and that this relationship is highly sensitive to the model parameters.info:eu-repo/semantics/publishedVersio

Empirical Determinants of Government Efficiency: A Study Based on Objective Indicators

This paper is concerned with two things: finding an objective and easily quantifiable measure of government efficiency and testing possible determinants of such quality. As measures of government efficiency we use the ratios of infant mortality rate to health expenditures as a percentage of GDP and the ratios of drop out and illiteracy rates to education expenditures as a percentage of GDP. We assume that government efficiency in providing health and education services depends on economic, political and cultural factors

Empirical Determinants of Government Efficiency - Exploring the Data

This paper is concerned with two things: finding an objective and easily quantifiable measure of government efficiency and testing possible determinants of such quality. As measures of government efficiency we use the ratios of infant mortality rate to health expenditures as a percentage of GDP and the ratios of drop out and illiteracy rates to education expenditures as a percentage of GDP. We assume that government efficiency in providing health and education services depends on economic, political and cultural factors.info:eu-repo/semantics/publishedVersio

Cultural and Political Determinants of Air Quality

This paper investigates empirically the determinants of air quality in a large cross-section of countries. We assess air quality by sulfur emissions and, following the literature, we consider three different groups of determinants: economic, political and cultural. We confirm the existence of an EKC for sulfur (inverted-U shaped relation between wealth and pollution). Political determinants are proxied by ethnic or religious fractionalization indexes and the country’s legal origin (we consider five possible legal origins: English common law, French civil law, German civil law, Scandinavian legal system and Socialist legal system). Cultural determinants are assessed by the percentage of a country’s population that belongs to one of the three main religions (Catholic, Muslim or Protestant). Our goal is to establish the economic, political and cultural profile of a country that manages to be efficient in providing good air quality. We conclude that a country will provide higher air quality if it has one or more of the following characteristics: it is ethnic and/or religious homogeneous, it has a German or Scandinavian legal tradition; it is Protestant.info:eu-repo/semantics/publishedVersio

Government size vs. government efficiency in a model of economic growth

Paper also presented at: ANNUAL CONGRESS OF THE EUROPEAN ECONOMIC ASSOCIATION, 21St, Vienna, Austria, 24-28 August, 2006; SPRING MEETING OF YOUNG ECONOMISTS (SMYE-2009), XIV, Istanbul, Turkey, 23-25 April, 200

Crónica de uma crise anunciada

info:eu-repo/semantics/publishedVersio

A endogamia e a gestão da carreira universitária

info:eu-repo/semantics/publishedVersio