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Author: Jukka Pirttila
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
We analyze the decision rules governing public employment policy, capital allocation between private and public sector, and the size of the public sector in a two-type and two-sector optimal nonlinear income-tax model with endogenous wages. The government can reduce wage inequality in the private sector by employing more unskilled workers and fewer skilled workers than is necessary to minimize cost at the prevailing gross wage rate and, if skilled labor and capital are complementary, by favoring public-sector capital accumulation. Therefore, production efficiency holds neither in public employment decision nor in capital allocation. The effects of public employment and investment on income inequality increase when the size of the public sector increases. The optimal size of the public sector is also shown to be relatively large when public employment and investments reduce wage inequality. These results help explain the growth in the public-sector size and why a larger government does not necessarily hamper growth.
Author: Jukka Pirttila
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
We analyze the decision rules governing public employment policy, capital allocation between private and public sector, and the size of the public sector in a two-type and two-sector optimal nonlinear income-tax model with endogenous wages. The government can reduce wage inequality in the private sector by employing more unskilled workers and fewer skilled workers than is necessary to minimize cost at the prevailing gross wage rate and, if skilled labor and capital are complementary, by favoring public-sector capital accumulation. Therefore, production efficiency holds neither in public employment decision nor in capital allocation. The effects of public employment and investment on income inequality increase when the size of the public sector increases. The optimal size of the public sector is also shown to be relatively large when public employment and investments reduce wage inequality. These results help explain the growth in the public-sector size and why a larger government does not necessarily hamper growth.
Author: Henrik Christoffersen
Publisher:
ISBN:
Category :
Languages : da
Pages :
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Book Description
Author: Manal Fouad
Publisher: International Monetary Fund
ISBN: 1513576569
Category : Business & Economics
Languages : en
Pages : 61
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Book Description
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.
Author: Emanuel S. Savas
Publisher: Routledge
ISBN: 0429726902
Category : Political Science
Languages : en
Pages : 155
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Book Description
This book is the result of a program undertaken nine years ago by the Diebold Institute for Public Policy Studies, Inc., to identify and analyze potentials for private sector involvement in the delivery of public services. Since its founding in 1968, the Diebold Institute has focused on this question in the belief that private enterprise is capable of infusing public service delivery with the efficiency in resource allocation and management that is its hallmark, whether through direct involvement as a service provider or as a source of market dynamics and management techniques.
Author: Zidong An
Publisher: International Monetary Fund
ISBN: 1513519565
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect substitutes. In this paper we test this assumption by estimating a nested-CES production function whereas the two types of capital are considered separately along with labor as inputs. The estimation is based on our newly developed dataset on public and private capital stocks for 151 countries over a period of 1960-2014 consistent with Penn World Table version 9. We find evidence against perfect substitutability between public and private capital, especially for emerging and LIDCs, with the point estimate of the elasticity of substitution estimated closely around 3.
Author: Mariana Mazzucato
Publisher: Anthem Press
ISBN: 1783085215
Category :
Languages : en
Pages : 284
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Book Description
List of Tables and Figures; List of Acronyms; Acknowledgements; Introduction: Thinking Big Again; Chapter 1: From Crisis Ideology to the Division of Innovative Labour; Chapter 2: Technology, Innovation and Growth; Chapter 3: Risk-Taking State: From 'De-risking' to 'Bring It On!'; Chapter 4: The US Entrepreneurial State; Chapter 5: The State behind the iPhone; Chapter 6: Pushing vs. Nudging the Green Industrial Revolution; Chapter 7: Wind and Solar Power: Government Success Stories and Technology in Crisis; Chapter 8: Risks and Rewards: From Rotten Apples to Symbiotic Ecosystems; Chapter 9: So.
Author: Paul Nutt
Publisher: Berrett-Koehler Publishers
ISBN: 1605091499
Category : Business & Economics
Languages : en
Pages : 353
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Book Description
Based on the his analysis of 400 strategic decisions made by top managers in areas such as products and services, pricing and markets, personnel policy, technology acquisition, and strategic reorganization, Nutt estimates that two-thirds of all decisions are based on failure-prone or questionable tactics. He uses the fifteen monumental decision-making disasters to illustrate the potential consequences of these common tactical errors and traps and then details successful alternative decision-making approaches. Why Decisions Fail translates decades of award-winning research into practical terms that managers can use to improve their own decision-making practices.
Author: American Bar Association. House of Delegates
Publisher: American Bar Association
ISBN: 9781590318737
Category : Law
Languages : en
Pages : 216
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Book Description
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Author: William J. Congdon
Publisher: Brookings Institution Press
ISBN: 0815704984
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
Argues that public finance--the study of the government's role in economics--should incorporate principles from behavior economics and other branches of psychology.
Author: Patrick M. Emerson
Publisher:
ISBN:
Category : Economics
Languages : en
Pages :
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Book Description
