Crucial to the economic growth and fiscal management of a nation is the balancing between expenditure and taxation to increase the welfare of its citizens. The implementation of a new taxation scheme to replace obsolete and less efficient one requires care analysis between the costs and benefits...

We present an empirical evaluation of the growth effects of the brain drain for the source countries of migrants. Using recent US data on migration rates by education levels (Carrington and Detragiache, 1998), we find empirical support for the "beneficial brain drain hypothesis" in a...

For over a century, starting with the work of Alfred Marshall (and also in resource economics), economic geography has emphasized the productivity of dense urban agglomerations. Yet little attention is paid to one key policy implication of economic geography's core mechanisms: Environmental...