I present a tractable dynamic model of political economy where disagreements about the composition of public spending result in implementation of short-sighted policies. The relative price of investment to consumption is excessively large in equilibrium due to over-taxation. Investment rates are too low which slows down growth along the transition. In the long run, this results in output, consu...

At one time, JEAB editorial policy was perceived by some to consist mainly of dogmatically enforcing a Skinnerian interpretation of all findings reported in the journal. Partly in response to that undeserved reputation, the journal explicitly defined itself as the place to publish research on the behavior of individual organisms, and not as a place that encourages any particular theoretical ori...

Although significant private investment is absorbed in different sectors of power systems, transmission sector is still suffering from appropriate private investment. This is because of the pricing policies of transmission services, tariffs, and especially for investment risks. Investment risks are due to the uncertain behaviour of power systems that discourage investors to invest in the transm...

As much as by luck as by design, China stumbled onto an export and foreign investment strategy that has proved remarkably successful, helping the economy move quickly to a market-based system. But can the Chinese experience serve as a model for other countries? After three decades of inward-oriented trade and foreign investment policies, in 1979, China switched course and launched an "open-door...

Why do so many African governments consistently impose high tax rates and make little investment in productive public goods, when alternative policies could yield greater tax revenues and higher national income? We posit and test an intertemporal political economy model in which the government sets tax and R&D levels while investors respond with production. Equilibrium policy and growth rates d...

Despite significant investment in many countries, the extent of schools’ adoption of obesity prevention policies and practices has not been widely reported. The aims of this article are to describe Australian schools’ adoption of healthy eating and physical activity policies and practices over an 8-year period and to determine if their adoption varies according to schools’ size, geographic or s...

Considerable attention has been given to the efficiency-equity dilemma in explaining the territorial allocation of investment. However, centralization policies that seek to introduce or reinforce territorial hierarchies have yet to be subject to empirical analysis. Drawing on data from Spain, we show that investment in network modes is influenced by strategies of directing funding to the region...