An Economic Analysis of the Constitutional Restrictions Upon Municipal Indebtedness in Illinois PDF Download
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Author: Ward Leslie Bishop
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 636
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Author: Ward Leslie Bishop
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 636
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Author: Horace Secrist
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 156
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Author: Arthur May Hyde
Publisher:
ISBN:
Category : Bulgaria
Languages : en
Pages : 648
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Author: Horace Secrist
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 146
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Author: Horace Secrist
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 1052
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Includes papers and proceedings of the annual meeting of the American Economic Association. Covers all areas of economic research.
Author: Jaejoon Woo
Publisher: International Monetary Fund
ISBN: 145520157X
Category : Business & Economics
Languages : en
Pages : 49
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Book Description
This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into account a broad range of determinants of growth as well as various estimation issues including reverse causality and endogeneity. In addition, threshold effects, nonlinearities, and differences between advanced and emerging market economies are examined. The empirical results suggest an inverse relationship between initial debt and subsequent growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the initial debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.2 percentage points per year, with the impact being somewhat smaller in advanced economies. There is some evidence of nonlinearity with higher levels of initial debt having a proportionately larger negative effect on subsequent growth. Analysis of the components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to reduced investment and slower growth of capital stock.
Author: Fletcher Melvin Green
Publisher: The Lawbook Exchange, Ltd.
ISBN: 1584779284
Category : Constitutional history
Languages : en
Pages : 344
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Author: Jon C. Teaford
Publisher: JHU Press
ISBN: 142143525X
Category : History
Languages : en
Pages : 484
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Book Description
Originally published in 1984. In 1888 the British observer James Bryce declared "the government of cities" to be "the one conspicuous failure of the United States." During the following two decades, urban reformers would repeat Bryce's words with ritualistic regularity; nearly a century later, his comment continues to set the tone for most assessments of nineteenth-century city government. Yet by the end of the century, as Jon Teaford argues in this important reappraisal, American cities boasted the most abundant water supplies, brightest street lights, grandest parks, largest public libraries, and most efficient systems of transportation in the world. Far from being a "conspicuous failure," municipal governments of the late nineteenth century had successfully met challenges of an unprecedented magnitude and complexity. The Unheralded Triumph draws together the histories of the most important cities of the Gilded Age—especially New York, Chicago, Boston, Philadelphia, St. Louis, and Baltimore—to chart the expansion of services and the improvement of urban environments between 1870 and 1900. It examines the ways in which cities were transformed, in a period of rapid population growth and increased social unrest, into places suitable for living. Teaford demonstrates how, during the last decades of the nineteenth century, municipal governments adapted to societal change with the aid of generally compliant state legislatures. These were the years that saw the professionalization of city government and the political accommodation of the diverse ethnic, economic, and social elements that compose America's heterogeneous urban society. Teaford acknowledges that the expansion of urban services dangerously strained city budgets and that graft, embezzlement, overcharging, and payroll-padding presented serious problems throughout the period. The dissatisfaction with city governments arose, however, not so much from any failure to achieve concrete results as from the conflicts between those hostile groups accommodated within the newly created system: "For persons of principle and gentlemen who prized honor, it seemed a failure yet American municipal government left as a legacy such achievements as Central Park, the new Croton Aqueduct, and the Brooklyn Bridge, monuments of public enterprise that offered new pleasures and conveniences for millions of urban citizens."
Author: Frederic Austin Ogg
Publisher:
ISBN:
Category : Local government
Languages : en
Pages : 970
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Book Description
