Government must spend

Why the federal government must lead in health care.

Stop Us before We Spend Again: Institutional Constraints on Government Spending

A distributive politics model establishes that the presence of exogenously enforceable spending limits reduces spending and that the effect of executive veto authority is contingent on whether spending is capped and whether the chief executive is a liberal or conservative. Surprisingly, when spending limits are in place, governments with conservative executives spend more than those with more l...

Diverse Cities Spend More

Previous authors have argued that ethnically diverse cities spend less on public goods than their homogeneous counterparts. In this paper, I present new evidence that challenges this claim. Incorporating improved measures of local expenditures in a panel study of US cities, I find that diversifying cities spend more per capita on most public goods – including police, fire protection, sanitation...

Double spend races

We correct the double spend race analysis given in Nakamoto’s foundational Bitcoin article and give a closed-form formula for the probability of success of a double spend attack using the Regularized Incomplete Beta Function. We give the first proof of the exponential decay on the number of confirmations and find an asymptotic formula. Larger number of confirmations are necessary compared to th...

Why do some countries spend more for health? An assessment of sociopolitical determinants and international aid for government health expenditures.

A consensus exists that rising income levels and technological development are among key drivers of total health spending. Determinants of public sector health expenditure, by contrast, are less well understood. This study examines a complex relationship across government health expenditure (GHE), sociopolitical risks, and international aid, while taking into account the impacts of national inc...