Public capital and private productivity

Article Abstract:

Two dual models and a direct production model were used to determine whether the availability of public capital has an impact on the private sector's production process. Further, what part of decreased labor productivity in the private sector can be attributed to decreased growth in public capital. The same variable data were applied to each of the three models in order to minimize variances. However, widely differing results demonstrate the difficulty of determining the exact impact of public capital on private productivity.

National Government Finance, Productivity Improvement, Management science, Models, Analysis, Economic aspects, Public finance, Labor productivity, Production functions (Economics)

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Designing VAT systems: some efficiency considerations

Article Abstract:

Three basic hypotheses on value added tax (VAT) compliance are tested using 1987 data from a sample of 17 Organization for Economic Cooperation and development countries. A compliance index was created and regressed against a number of explanatory variables. Results indicate that VAT compliance increases with a lower VAT rate, a smaller population, fewer VAT rates, larger expenditures for implementation and more time for administering a VAT rate.

Tax Administration, Tax administration and procedure, Value-added tax, Consumption taxes

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Property tax capitalization in a model with tax-deferred assets, standard deductions, and the taxation of nominal interest

Article Abstract:

A model of property tax capitalization was designed taking into account tax-deferred assets, standard deductions and the taxation of nominal interest. Results showed that ignoring differences in tax status across homebuyers causes the capitalization equation to be misspecified for 90% of owner-occupied homes. It was shown that controlling for federal tax provisions increases the precision of the estimated capitalization rate.

Property Taxes, Taxation, House buying, Home buying, Property tax

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