This study adopts a loanable funds model to investigate the impact of budget deficits in the U.S. on long term real interest rates. The study investigates both ex post real 10 year Treasury note yields and ex post real 20 year Treasury bond yields. The study period runs from 1955 through 1987,...

This study empirically examines the impact of the federal government budget on the nominal interest rate yield on US Treasury notes over the 1979-2001 period. In a system that includes the monetary base, the civilian labor force unemployment rate, the ex ante real 52 week Treasury bill rate, and...

For the period 2008-2009 of the “Great Recession,” the gross state-level in-migration rate was an increasing function of expected per capita personal income, state parks per capita, and warmer January temperatures. For the same study period, the gross in-migration rate was a decreasing...

This study has two objectives. First, it proffers and then empirically investigates what is being identified as the "small firm hypothesis," i.e., a hypothesis that the greater the percentage of firms in the U .S. that are "small," the greater the percentage of the population that can be...

This study seeks to expand the scope of that portion of Public Choice courses that involves voting behavior. The study broadens the interpretation of the "rational voter model" so as to include the potential effects of "direct democracy" on the voter participation rate. Direct democracy is...

This brief note develops a pedagogically useful new (albeit still rudimentary) way of teaching the free-rider concept. This simple approach applies the familiar tools of indifference curve analysis to the topic at hand. Since so many students of economics are well versed in indifference curves,...

This study empirically investigates the hypothesis that a higher real ceiling on federal deposit insurance leads to an increased failure rate for savings and loans (S&Ls). After providing a history of federal deposit insurance, a formal model is developed. The empirical analysis thereof examines...

This study empirically investigates determinants of enlistment in the U.S. Army over the period 1974 through 2008. The emphasis is on the impacts of both the availability of free medical care and the challenges of addressing higher medical care inflation. The study estimates reveal that the...

This study of the impacts of economic freedom, regulatory quality, and the relative burden of taxation on the level of per capita real income/GDP among OECD nations over the 2003-2007 period adopts a modified version of the overall economic freedom index computed by The Heritage Foundation...

This study empirically investigates the impact of higher property taxation on net in-migration to SMSAs over the 1965-70 time period. Using two stage least squares, the estimation reveals that net migration is a decreasing function of the per capita level of property taxes. This provides...