Human Capital Investment and Globalization in Extortionary States by Fredrik Andersson and Kai A. Konrad This paper considers education investment and public education policy in closed and open economies with an extortionary government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of time-consistent taxation similar to benevo...

We study the effect of political ideology on sustainable development, measured as investment in genuine wealth, in a dynamic panel of 79 countries between 1981 and 2013. We find that a switch from a left-wing or centrist government to a right-wing government has a robust positive and statistically significant effect on investment in genuine wealth. We find no evidence of opportunistic cycles in...

Multi-players dynamic game between government, parks managers and visitors is proposed in this paper to find out which party should invest money to visitor education and their optimal investment strategies. The game reveals that government should invest a lot of fund to helping the park managers to develop proper visitor education programmes when the visitor education the visitor education mark...

in this paper, asymmetric effects of exchange rate fluctuation (according to positive and negative shocks) on real output were investigated. in the meantime, the study of behaviour of real output growth in iran’s economy over the period 1338-1386 was done. in specification of the output growth equation, in spite of considering positive and negative shocks of exchange rate, the effects of other ...

A recent body of literature has sought to determine the causes global decline labor share. We study role played by government investment—which also fallen in many advanced economies over past few decades—in share decline. first establish a theoretical link between investment and using general equilibrium macroeconomic model, where capital enters production function factor-augmenting fashion. Ou...

the authors examine the effects of government expenditure on economic growth in iran, using annual data for the period of 1973-2003. in this paper, they lookat the offects of human, physical capital, and government budget on gdp. in the model developed in this paper, accumulation of human capital is dependent on physical. human capital, and government budget as well. the result indicate that go...