In 2001, Chile was one of the first countries in the world to adopt a structural balance fiscal rule. This paper provides the foundations of the choice of the rule, its methodological design and its initial estimates for the period 1987-2000. The paper also includes a discussion about the use of...

Applying the Secondary Standard Deviations method, this book analyzes how to specify the stability or instability in resource allocation under long-term multidimensional public policies. The book proposes a method for characterizing the dynamics of resource allocation, as well as a calculation...

Given the continued debate surrounding the effectiveness and efficiency of government spending in Nigeria, this study adopts a modified Autoregressive Distributed Lag Model in order to investigate the impact of federal government spending on economic growth between 1961 and 2010. The main...

Defining the welfare state is not a simpleminded task. Actually, there are numerous definitions which try to reflect at least some of the basic characteristics of the welfare state or its objectives and its functions. For some, there is primarily an institutional parameter, for others there are...

In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I will introduce a new expression for the balanced-budget constraint, no longer based on lump- sum transfers as in the traditional literature, but rather on more realistic labour...

The article is about the characteristics of power as the subject of socialization. The author reveals the specifics of its functioning, indicating the methods, means and mechanisms applied. Particular attention is paid to the basic mechanisms and attributes of power - law, which affects the mass...

The book is given to the socio-philosophical analysis of social control as an instrument of social management. The author examines the economics, management, law, political activity, education, religion and culture as instruments of social control from elite over society. The methodological...

This paper explores the relevance of soft budget constraints (SBC) to development studies by examining the parastatal sector. The political ingredient of the SBC is discussed by focusing on two examples: 1) religious and military foundations in Iran; and 2) Fannie Mae and Freddie Mac. It...

The purpose of this note is to provide guidance to Bank staff on the sources of evidence available to inform the assessment of the governance rating and thereby reduce the scope for subjectivity of the annual CPA exercise. It is designed in particular for Country Economists responsible for the...

This paper discusses the problems and issues on the political failures in Bangladesh as well as identifies some possible solutions. The approach here is analytical mostly reviewing current news, reports and other related materials. A comparative study is also done between the present and...