This paper develops and simulates a dynamic general equilibrium macroeconomic model to analyze the likely impact of oil production and revenue rehabilitation on the Libyan economy, under different government fiscal policy responses. The model is ideally appropriate to analyze macroeconomic issues in oil-producing developing countries. In particular, it is capable of incorporating alternative go...

In today’s competitive world, Psychological capital and Work activities are considered as a key factor to suc‌cess and survival for organizations. So far, the literature has recognized various items that affect Work activi‌ties in organizations. The study analyzes how Psychological capital predicts work activities both directly and through the mediating role of Innovation, Subjective Well-being...

The aim of this article is to determine whether there opportunistic behavior in local government decisions related contracting out, public-private partnership (PPP) and/or public externalization. Analysis the results obtained from applying a fixed effects panel data model sample 2,274 Spanish municipalities supports existence asymmetric behavior. Specifically, strong evidence that preelection y...

We introduce public capital and public services as inputs in an endogenous growth model. We show that the growth rate depends on the apportionment of tax revenues between the accumulation of public capital and the provision of public services. When public spending is financed by proportional income taxes, the growth rate, the level of public spending as a proportion of GDP, the level of investm...

Investment in human capital accumulation, government consumption and total government expenditures present a striking negative correlation with capital shares. This correlation is robust to alternative speci...cations, lists of controls, and exclusion of outliers. Causality tests strongly support the hypothesis that the direction of causation runs from capital shares to the government spending ...