Tests of a competitive model of the size and growth of government

Article Abstract:

A general equilibrium model addressing the size and growth of government is tested. The model, proposed by M.Q. Dao and H.S. Esfahani in 1995, utilizes both US time-series and OECD cross-sectional data and is based on the assumption that a number of socioeconomic groups attempt to implement an income redistribution policy in their favor. The results show that government growth can be explained by an increase in productive human capital, an increase in the elderly population and the reduced value of the nonmarket uses of labor capital.

Models, Economics, Social policy

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Reform of the unified social tax and the shadow sector in health and education

Article Abstract:

The effects of different unified social tax (UST) rates on Russian economic growth, health care and education output, and informal sector activity are studied using a general-equilibrium economic model. The most desirable effects occur when the UST rate is reduced to 26%, coupled with an increase in the income tax rate to 17%.

Public Finance Activities, Taxes, Russia, FICA Taxes, Usage, Medical economics, Tax reform, Income tax, Tax policy, Underground economy, Social security taxes, Economic development models, Report

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The school-to-work transition in England and Wales

Article Abstract:

A study highlighting the socio-economic benefits accruing because of post-compulsory education is presented. The study is based on data on human capital from England and Wales.

Public affairs, Wales, England, Social aspects

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