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Optimal capital taxes for public good provision

Article Abstract:

Trade theorists found that a nation that funds the provision of public goods or inputs from trade restrictions or capital taxes has free trade and zero taxes on internationally mobile capital for its optimal policy. A trade model of a small open economy that produces many traded private goods and one non-traded public consumption good is developed. Since the economy in study taxes the internationally mobile capital to fund the provision of the public good, it was shown that the marginal cost of the public good understates its social marginal cost at all times.

Author: Michael, Michael S.
Publisher: Blackwell Publishers Ltd.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 1996
Public Finance Activities, Taxes NEC, Public Finance-Total Govt, Models, Analysis, Taxation, Public finance, Tax research, Welfare economics

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Cyprus under the Common Agricultural Policy: the impact effect

Article Abstract:

Cyprus' national income will be adversely affected by the Common Agricultural Policy (CAP), following full membership of the European Community (EC), due to direct income transferred to EC producers from Cypriot consumers, the net effect of which will outweigh gains from transfers through the EC's budget. The long term effect will be less negative, and could even be positive, however. The study is based on data for 1986 and 1987, and is relevant following Cyprus' application for full EC membership.

Author: Michael, Michael S.
Publisher: Emerald Group Publishing, Ltd.
Publication Name: Journal of Economic Studies
Subject: Economics
ISSN: 0144-3585
Year: 1992
International relations, Western Europe, Cyprus, Cypriot foreign relations, Europe, Western

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Causality between technical and allocative efficiencies: an empirical testing

Article Abstract:

The causal relationship between technical efficiency and allocative efficiency in production economics is empirically validated using data on Indian farmers through Granger and Sims causality tests. Results show that the production pattern is from technical to allocative efficiency and unidirectional. The findings can serve as an important guide in improving production performance over time with the introduction of a new technology.

Author: Kalirajan, K.P., Shand, R.T.
Publisher: Emerald Group Publishing, Ltd.
Publication Name: Journal of Economic Studies
Subject: Economics
ISSN: 0144-3585
Year: 1992
AGRICULTURAL PRODUCTION--LIVESTOCK, Research, Economic aspects, Industrial efficiency, Economic efficiency, Agriculture, Production management, Agricultural economics, Production (Economics)

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