Using the Almost Ideal Demand System specification we analyse whether UK public consumption expenditure decisions are compatible with traditional utility maximization postulates. Our empirical findings tend to support the validity of the constraints of homogeneity and symmetry.

The study reviews the experience of Kazakstan with financial reform. After establishing a two-tier banking system with the National Bank of Kazakstan as the central monetary authority, banks were separated between deposit taking institutions and investment banks. The priorities of the monetary...

The quest for benefit from existing wealth or by seeking privileged benefit through influence over policy is known as rent seeking. Much rent seeking activity involves government and political decisions and is therefore in the domain of political economy, although it can also take place in...

Two different approaches are used to study how the structure of public consumption affects the allocation of consumer expenditure. The first assumes that public expenditures condition consumer preferences and introduces them as additional explanatory variables to the Linear Expenditure System by...

<i> L'economia e l'evidenza empirica sull'allocazione delle spese di consumo pubblico </i> (di George Tridimas) - ABSTRACT: The paper investigates the allocation of public consumption expenditures in the UK. After reviewing the empirical literature on the demand for public services, which is based on...