We study the effect of a compulsory education reform that increased the compulsory level of schooling by two years on the development of cognitive and noncognitive skills and its subsequent impact on long-term labor market performance. We link individual data on cognitive and non-cognitive test scores before and after reform exposure, reform treatment, and labor market outcomes. This allows us ...

Political and economic decentralization of governance structure and the promotion of self-goveming local adninistration have been considered as high priority public policy issues in the developing countries in recent years. Conventional literature on decentralization focuses only on the managerial and economic dimensions of the process. It generally ignores the analysis of political feasbility ...

kazakhstan was the last soviet republic to declare independence. but after the soviet collapse, the country seeks to rebuild its national identity and make economic reforms. changing political and economic structures in these countries due to its high dependence on moscow was not easy. in the early years of independence due to the asian financial crisis the country was faced with severe economi...

This paper analyzes the effect of non-economic damage caps on the treatment intensity of heart attack victims. We focus on whether a patient receives a major intervention in the form of either a coronary artery by-pass or angioplasty. We find strong evidence that treatment intensity declines after a cap on non-economic damages. The probability of receiving a major intervention in the form of ei...

Agriculture plays a crucial role in the development of the Indian economy. It accounts for about 19 percent of GDP and about two thirds of the population is dependent on the sector. (Economic Survey, 2009). Recognizing the importance of agriculture sector in India’s development, the Government and the Reserve Bank of India (RBI) have played a vital role in creating a broad-based institutional f...

An environmental fiscal reform (EFR) represents a transition of a taxation system toward one based in environmental taxation, rather than on taxation of capital, labor, or consumption. It differs from an environmental tax reform (ETR) in that an EFR also includes a reform of subsidies which counteract environmental policy. This research details different ways in which an EFR is not only possibl...

In this paper there is a investigation of Ukraine’s contradictory attitude to reform. This attitude has seen the country characterised by hesitancy on reforms which has stifled its economic performance in areas such as privatisation and competition policy. Most notably the presence of interest and lobby groups, conflict between political institutions, and contradictory conceptions of economic r...

This paper provides a self-contained overview of the present problems of state finances in India. It begins with an overview of historical evolution and current institutional structures, including economic, political, administrative and fiscal aspects of India’s federal system. The paper then reviews the current situation of India’s state government finances, going on to consider various develo...

Industrial sector plays a vital role in the development of Indian economy because they can solve the problems of general poverty, unemployment, backwardness, low production, low productivity and low standard of living etc. The Indian Government had undertaken policy reforms since 1980, but the most radical reforms have occurred since 1991, after the severe economic crisis in fiscal year 1990-91...

This paper presents the first comprehensive, model-based impact analysis of the German environmental fiscal reform, addressing the effects on CO2 emissions, economic growth, employment, and personal income distribution. Both an econometric input–output model and a dynamic computable general equilibrium model are applied in order to enhance the credibility of our results. The macroeconomic resul...