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In the First Part of the Paper, I Discuss the Theoretical Foundations of a Log-Linear, Price Equation Expressed in Terms of Average Costs of Inputs Instead of the Input Prices. the Main Interest in This Approach Is to Take Into Consideration the Effect of Technological Changes on the Input...
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It Has Often Been Assumed That a Country's Tax Level, Tax Structure Progressivity and After-Tax Income Distribution Are Chosen by Voters Subject Only to Their Budget Constraints. This Paper Argues That At Certain Income Levels Voters' Decisions May Be Constrained by Bureaucratic Corruption. the...
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This Paper Is Divided Into Two Parts. in the First Part, the Revenue Generated by Canadian Lotteries for the 1969-1987 Period Are Presented Both in Absolute and Relative Terms and Compared to Those of American Lotteries, Taken As a Whole. These Results Indicate That the Share of Canadian...
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Multi-country models have not been very successful in replicating important features of the international transmission of business cycles. Standard models predict cross-country correlations of output and consumption which are respectively too low and too high. In this paper, we build a...
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