Is public capital provision efficient?

Article Abstract:

A study of public investment activities in Australia showed that public investment showed only a partial intertemporal efficiency, but evidence that indicate excessive returns to public investment were absent. The model showed that public investments stimulated the increase in price in public investment goods compared to the aggregate production. Returns to both public and private capital is estimated to be at 9% per annum. The seeming low returns on public investments are affected by political factors and price deflators.

Public Finance Activities, Fiscal Policy, Research, Public investments, Capital productivity

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Politics and economics in weak and strong states

Article Abstract:

A study analyzing that, on an imposition of high taxes leads to stifled growth in strong states, whereas in weak states, low investments are made in public goods, is presented. A distortion is created in both states. Also in a state which is politically weak, but has high taxes imposed, is likely to experience the 'consensually strong state equilibrium.'

Management dynamics, Taxes, Management, Growth, State taxation, Tax policy, Public goods, Company business management, Equilibrium (Economics), State (Political science), Company growth

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Public education reform: community or national funding of education?

Article Abstract:

A model examining the effects of change in funding of education from community level to nation-wide policy is presented.

EDUCATIONAL SERVICES, Education, Usage, Econometric models

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