abstract the main purpose of this paper is to obtain the optimal amount of expenses of government relating to the protection of property rights (pprs). to achieve these purposes we have introduced concept of social intelligence with respect to pprs and then developed different growth model from existing literature. in the second step the optimal share of government spending on the pprs is calcu...

We examine the relationship between economic growth, tax policy, and the distribution of capital and labor ownership in a one-sector political-economy model of endogenous growth with productive government spending Þnanced by a proportional tax on capital income. Our analysis shows that inequality in wealth and income can be positively or negatively related to the optimal tax rate. In either env...

Since human capital is a major driver of growth, the conventional wisdom suggests that the government should direct more resources to education. However, surprisingly the cross country data show little positive correlation between growth and public spending on education. In fact, the pattern is rather puzzling. Public spending on education tends to depress schooling return. The relationship bet...

This paper presents a two-country dynamic perfect foresight Ricardian model with wealth effects to study the relationship between government spending financed by alternative taxation, the terms of trade and welfare. An increase in domestic government spending financed by a distortionary capital income tax leads the real exchange rate initially to appreciate (a pure demand effect). But along the...

 Libya experienced a substantial increase in oil revenue as a result of increased oil prices during the period of the late 1970s and early 1980s, and again after 2000. Recent increases in oil production and the price of oil, and their positive and negative macroeconomic impacts upon key macroeconomic variables, are of considerable contemporary importance to an oil dependent economy such as that...

1 The electoral consequences of the change in federal grant spending per capita. These six models replicate the results from Tables 1-4 in the manuscript using the change in per capita grant spending in a county as the independent variable of interest, instead of the percentage change in grant spending in the county. The results are substantively identical to those presented in the manuscript. ...

Models of international tax competition typically assume the existence of a benevolent government. This paper presents a model which integrates the view of government as source of ine ciency with an analysis of distorting taxes on capital investment, savings and labor income in a common theoretical framework. The model yields the conclusion that the e ects of international tax coordination on t...

investing in research and development spending (r&d) affects total factor productivity (tfp).recently new theories of economic growth have emphasized the relationship between r&d and tfpand also identified a number of channels through which a country’s r&d affects tfp of its tradepartner. this study seeks to estimate the effect of agricultural r&d and education spending and some...

IN RECENT YEARS, the public has begun to perceive the importance of improved public capital facilities for local economic development, business retention, and quality of life in communities. This public interest has prompted concerns among local government officials regarding adequate public capital investment and maintenance efforts. Major capital outlay sources for local governments have been...