State Government Budget Stabilization

Author: Yilin Hou
Publisher: Springer Science & Business Media
ISBN: 1461460611
Format: PDF, Docs
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This book is the first comprehensive, full-scale treatment of the law, politics and economics with regard to the policies and policy instruments for budget stabilization at the state level. Covering the period from 1946 through 2008 in the United States, it provides details on the methods and results of empirical tests of the effects of budget stabilization instruments on government operations, public service provision, and some other aspects of social and economic life. With the lingering effects of the most recent financial crisis and economic downturn, and the subsequent Tea Party movement advocating smaller government and deficit reduction, this book carries timely and important theoretical as well as practical implications, particularly in regard to the potential for counter-cyclical fiscal policy in mitigating negative impacts during a recession. The first contribution of the book is in public finance theory: it provides insights into the applications of the stabilization function in the context of strong government, thereby refining Keynesianism. The second aspect is in Public Choice: the creation and functioning of budget stabilization funds offer extra evidence to demonstrate that the general public provides input and voice in more than the conventional ways when it comes to policy making, even in an area dominated by strong government. The third aspect is in policy making, exploring the opportunities for refining policy tools in preparation for future downturns.

Handbook of Policy Formulation

Author: Michael Howlett
Publisher: Edward Elgar Publishing
ISBN: 1784719323
Format: PDF, Docs
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Policy formulation relies upon the interplay of knowledge-based analysis of issues with power-based considerations, such as the political assessment of the costs and benefits of proposed actions, and its effects on the partisan and electoral concerns of governments. Policy scholars have long been interested in how governments successfully create, deploy and utilise policy instruments, but the literature on policy formulation has, until now, remained fragmented. This comprehensive Handbook unites original scholarship on policy tools and design, with contributions examining policy actors and the roles they play in the formulation process.

Local Government Budget Stabilization

Author: Yilin Hou
Publisher: Springer
ISBN: 331915186X
Format: PDF, Kindle
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This book is the first comprehensive, full-scale treatment of the politics, law, and economics with regard to the policies and policy instruments for budget stabilization at the local level. It examines budget stabilization in the United States from the 1910s to 2010 (from adoption of public budgeting in this country through the Great Recession). In addition, it provides details on the methods and results of empirical tests of the effects of budget stabilization instruments on government operations, key/basic services provision, and some other aspects of social and economic life at the local level, including full-purpose governments (county, metro city, municipality, township, and village) as well as special (single-) purpose governments (like school districts and transportation districts). This book dissects an important and pressing issue in public financial administration, analyzes a lesson that has been in the learning process, especially in the United States, and identifies theoretical threads for scholarly refinement, which will be put into specific contexts of policy design and implementation. This book will be of interest to scholars in political science, economics, public choice and in public administration, where it will also appeal to policy-makers.

Microeconomics Private and Public Choice

Author: James Gwartney
Publisher: Cengage Learning
ISBN: 1111970610
Format: PDF, Docs
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MICROECONOMICS: PRIVATE AND PUBLIC CHOICE, 14TH EDITION reflects current economic conditions, enabling students to apply economic concepts to the world around them. The up-to-date text includes analysis and explanation of measures of economic activity in today’s market. It also includes highlights of the recession of 2008-2009, and an in-depth look at the lives and contributions of notable economists. MICROECONOMICS: PRIVATE AND PUBLIC CHOICE dispels common economic myths. The text uses the invisible hand metaphor to explain economic theory, demonstrating how it works to stimulate the economy. The 14th edition includes a robust set of online multimedia learning tools. Tutorials, analyses and quizzes are designed to support classroom work and increase student performance. A full Aplia course, specifically created for MICROECONOMICS: PRIVATE AND PUBLIC CHOICE, 14TH EDITION is also available; visit www.aplia.com for a demonstration. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Introductory Macroeconomics

Author: Michael Veseth
Publisher: Academic Press
ISBN: 1483257681
Format: PDF, Kindle
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Introductory Macroeconomics, Second Edition deals with national economic issues, such as unemployment, inflation, the aggregate demand-aggregate supply model of macroeconomics, government economic policy, exchange, rates, international trade, and finance. The book examines national economic problems, economic goals, the role markets play in the economy, price control, unemployment, and inflation. By using the Phillips curve trade-off, the text notes that inflation increases the demand for labor. In the long term, according to the long-run Phillips curve, increased inflation does not actually lessen unemployment levels (known as the natural unemployment rate hypothesis). The text also examines whether minimum wage laws are necessary (to fight poverty, prevent exploitation) or cause poverty (in which the imposition of minimum wage results in lower demand for unskilled labor). The book notes that politics and unions favor minimum wage laws. The poor, uneducated, and unskilled laborers are left out. The text also tackles goals and trade-offs: for example, that economic growth suffers from both inflation and unemployment, or the trade-off that preventing unemployment only results in worse inflation problems. Economists, sociologists, professors in economics, or policy makers involved in economic and social development will find the text valuable.

Legislative Term Limits Public Choice Perspectives

Author: Bernard Grofman
Publisher: Springer Science & Business Media
ISBN: 9400918127
Format: PDF, Mobi
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In developing Legislative Term Limits, the editor has included material that has explicit and testable models about the expected consequences of term limits that reflect Public Choice perspectives. This book contains the best efforts of economists and political scientists to predict the consequences of legislative term limits.

Principles of Regional Science

Author: Zheng Wang
Publisher: Springer
ISBN: 9811053677
Format: PDF, Docs
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This book summarizes the research findings in regarding a region as a rational and abstract concept and explores the principles of regional science. Focusing on location theory, spatial dynamics and regional evolution theory, it stresses that the region as a scientific concept is an essential abstract of an economic entity of a place. While it introduces a number of case studies, the content is general and universal rather than specific. Beginning with location theory – the basis of regional science – it explains how regions breed their own characteristics as economic entities against a background of place. For example, it discusses the location theory of the tourism industry and analyzes issues of facility location and R&D-industry location theory. The second part of the book addresses interactions with the spatial dynamics, including the dynamic mechanism of regions against a background of space. Spatial dynamics, which includes concepts from statistical physics, provides insights into the dynamic mechanism of aggregation, diffusion, and industrial clustering in regional science as well as in geography and economics. The book then describes regional dynamics as a development of spatial dynamics: REGION is completely independent as a research object and is no longer part of spatial dynamics. This book also discusses in detail regions as the dynamic characteristics of the economy or the basic characteristics of a certain place and examines the theory of regional evolution. It argues that regions are evolution and irreversible features of development with path dependence, which are the characteristics of a region that differ from general economic phenomena. This book by Professor Zheng Wang is outstanding. Its focus on Regional Science will open this area up to a wide variety of theoretical and applied researchers. I recommend the work without reservations. It covers critically important principles in the field and should be read and used by students, faculty and applied researchers doing policy analysis. I can see this as an important handbook and reference work as well as a textbook in the field. Kingsley Haynes

Public Debt and Economic Growth

Author: Alfred Greiner
Publisher: Springer Science & Business Media
ISBN: 3642017452
Format: PDF
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Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether empirical evidence for that rule can be found. Additional tests are implemented to gain further evidence on sustainability of public debt. In order to allow for time varying coefficients penalized spline estimations are performed. The theoretical chapters present endogenous growth models and assume that the primary surplus rises as public debt increases so that sustainability of public debt is given. Implications of public deficits and debt are studied assuming full employment and for unemployment. The conclusion summarizes the findings and compares the results of the different models. Finally, policy implications are given showing how governments should deal with high public debt to GDP ratios.