As the economies of most Sub-Saharan countries stagnated, especially in the early 1980s, it became necessary to reform and restructure these economies. The financial sector received a major part of this attention and so did infrastructure, where programmes of deregulation and privatisation with...

We use micro data to analyse the effect of human capital externality on earnings and private returns to education. The earnings equations are estimated using the OLS method for a sample of full-time workers. The results show that human capital has a positive effect on earnings, indicating that...

Over the past decade, Kenya's traditional model of local, community finance and management of schools has been crowded out from two directions. First, the Kenyan government has expanded its role in public education, through free provision of primary and, more recently, secondary education....

This article investigates the impact of earmarking on tax revenues. By dedicat-ing revenues to a particular purpose, earmarking overcomes a free-rider problem among interest groups. The group receiving the benefits of the dedi cated revenues has a strong incentive to lobby for higher effective...

The Companion lays out a comprehensive history of the field and, in five additional parts, it explores public choice contributions to the study of the origins of the state, the organization of political activity, the analysis of decision-making in non-market institutions, the examination of...

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...

"The Millennium Development Goals (MDGs) may have noble objectives but there are concerns that the associated transfer of resources from wealthy to poor countries could be counter-productive in terms of long-term economic performance. Reforming the institutions of governance and removing...