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Full-Text Articles in Macroeconomics
International Lending To The Third World, Mark Leddy
International Lending To The Third World, Mark Leddy
Economics Staff Paper Series
The main emphasis of this paper is on the debt repayment difficulties experienced by the Less Developed Countries (LDCs) in the 1980's. These difficulties are a result of a combination of factors which have led to large accumulations of debt in these countries. The outstanding debt of the LDCs increased from $152 billion in 1975 to $850- $875 billion in 1985 (Meltzer, 1987). According to Dale and Mattione (1983), the major reasons country borrowers pursue foreign loans are: (1) Such loans allow both governments and companies to finance investments that will increase income or exports; (2) Foreign loans offer countries …
Major Tax Reductions And Public Education, Philip Favero
Major Tax Reductions And Public Education, Philip Favero
Economics Staff Paper Series
The following discussion of tax reductions uses as an example South Dakota’s own version of Proposition 13, the Dakota Proposition. In the discussion which follows, four major themes are developed. First, Dakota Proposition would have a very major consequence for public finance in South Dakota-beginning in 1982 and extending indefinitely thereafter. Second, Dakota Proposition and other major tax reduction proposals have a variety of origins---some particular to the relevant state, and some more general origins as well. Third, common misunderstanding and, indeed, ignorance exists about the benefits provided by public education and about taxation to support education. And finally, Dakota …
A Primer On Macroeconomics For South Dakotans, Philip Favero
A Primer On Macroeconomics For South Dakotans, Philip Favero
Economics Staff Paper Series
What is macroeconomics, you ask; and what does it mean to me? Macroeconomics is the study of aggregate economic conditions, such as a nation's employment, unemployment, and general price levels. Throughout history nations have experienced boom-to-bust cycles--times of employment and prosperity, followed by times of unemployment and hardship. Macroeconomics provides policy makers with ideas to promote economic stability - ways to combat the twin economic evils of unemployment and inflation.