We examine the relationship between economic growth, tax policy, and the distribution of capital and labor ownership in a one-sector political-economy model of endogenous growth with productive government spending Þnanced by a proportional tax on capital income. Our analysis shows that inequality in wealth and income can be positively or negatively related to the optimal tax rate. In either env...

Objective: This paper makes a projection of the vehicle ownership rate to the year 2010 and to use this projection to predict road accident deaths in year 2010. The projection served as an indicator for the Malaysian government to achieve a 4 road accident deaths per 10,000 vehicles safety target in year 2010. Method: The study included the prediction of vehicle ownership and the analysis of pa...

Motor vehicles are one of the major sources of air pollution in Dhaka, the capital of Bangladesh. The government took various policies to convert the petroleum vehicles on road to run on compressed natural gas (CNG), which allows both air quality improvements and energy security benefits. One of the market friendly policies to encourage the fuel switch was to increase the price differential bet...

The often mentioned but never deeply investigated service characteristic of "no transfer of ownership" is a starting point for a property-rights based foundation of business relationships in the service industry. Looking at the distribution of property-rights between customer and service provider the service exchange could be regarded as an economic relationship in the sense of a limited in tim...

Among the questions that ecosystem-based management raises for economists is how to partition uses of the many biological, chemical and physical attributes of marine ecosystems into sets of property rights that undergird total ocean wealth. An elemental basis of property rights for fisheries involves the interplay between ecological and technological interactions, including sideeffects (externa...

INTRODUCTION Ownership of the public domain has long been a contentious issue between Western U.S. states and the federal government. The recent armed confrontations at Nevada’s Bundy Ranch and Oregon’s Malheur Wildlife Refuge are simply one manifestation of western frustration. Within the last five years the legislatures of seven Mountain West states (Arizona, Colorado, Idaho, Montana, Nevada,...

This paper examines the former wholly government owned telecommunication company (TelCo), the Telecom Corporation of New Zealand (TCNZ), that was privatised in 1989 and induced to compete in a deregulated operating environment as the New Zealand government moved to open up its telecommunications’ sector to competition. In broad terms this paper examines the organisational and workforce restruct...