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Full-Text Articles in Economics
Public Sector Unions And Public Spending, Michael L. Marlow, William Orzechowski
Public Sector Unions And Public Spending, Michael L. Marlow, William Orzechowski
Economics
This study examines the influence of public sector unions on the expansion of the public sector. Based on public goods theory, our paper models how unions influence the supply of and demand for public sector activities. On the demand side, public sector unions are special interests which advocate public sector expansion to policy makers; on the supply side, they exert pressure to maintain and expand monopoly powers. Empirical evidence supports the hypothesis that a positive relationship exists between public sector unionism and public spending.
Qualitative Impact Study Of Credit With Education In Burkina Faso, Michael Kevane
Qualitative Impact Study Of Credit With Education In Burkina Faso, Michael Kevane
Economics
The objective of this qualitative study is to investigate and document program effects for participants and program communities after two years of activities. Three communities were visited for approximately one week each, and an attempt was made to interview all current members of the Credit Association in each village as well as community leaders and other nonparticipants.
On Exchange Rates And Efficiency, Eric O'N. Fisher
On Exchange Rates And Efficiency, Eric O'N. Fisher
Economics
This paper analyzes an exchange economy in which several assets serve as stores of value and where agents have completely heterogeneous preferences and endowments. It describes the set of perfect foresight equilibria in which all assets have positive prices. There are international policies with determinate exchange rates if the world economy satisfies a strong efficiency criterion. Also, the corresponding equilibrium allocations are in the core of the world economy for certain international policies. Hence, a system of fixed exchange rates can support efficient allocations to the extent that countries agree on a division of seigniorage in the creation of international …