ECONOMIC ESSENCE OF BUDGETARY RELATIONS

Deficit Reduction and Carbon Taxes: Budgetary, Economic, and Distributional Impacts

Resources for the Future is an independent, nonpartisan think tank that, through its social science research, enables policymakers and stakeholders to make better, more informed decisions about energy, environmental, and natural resource issues. Located in Washington, DC, its research scope comprises programs in nations around the world.

The relationship between budgetary expenditure and economic growth in Poland

This paper investigates the association between different kinds of budgetary expenditure and economic growth of Poland. The empirical analysis makes use of linear and nonlinear Granger causality tests to evaluate the applicability of Wagner’s Law and that of the contrasting Keynesian theory. We employ aggregate and disaggregate data with the sub-categories of most important budgetary expenditur...

Dynamic Capabilities and Economic Relations

The dynamic capabilities approach to a firm’s organisation and behaviour is attracting a growing number of studies and applications, now evident in economics and business literature. Starting from the main features of the consequent debate, this paper analyses the theoretical foundations of dynamic capabilities and their relevance to a firm’s internal structure and external relations. The paper...

The Budgetary Consequences of Middle East Peace: What are the Economic Impacts and Causal Linkages?

Cyclical Budgetary Policy and Economic Growth: What Do We Learn From OECD Panel Data?

This paper uses yearly panel data on OECD countries to analyze the relationship between growth and the cyclicality of government debt. We develop new time-varying estimates of the cyclicality of public debt. Our main findings can be summarized as follows: (i) less procyclical public debt growth can have significantly positive effects on productivity growth, in particular when financial developm...