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Wagner's
Law: Is It Valid in India?
-- Rudra
Prakash Pradhan
The
paper investigates the validity of a long-run relationship
between public expenditure and income (Wagner's Law) in the
case of India over the period 1970-2004. The study, by using
the modern time series econometric technique, finds evidence
of long-run relationship between public expenditure and income
but rules out the validity of Wagner's Law. This is because
there is no unidirectional causality from income to public
expenditure. However, the study finds evidence of a unidirectional
causality from public expenditure to income. It eventually
suggests that public expenditure is an important policy tool
to influence income level in the economy.
©
2007 IUP . All Rights Reserved.
Ethics
and Tax Evasion in Asia
-- Robert
W McGee
This
paper analyzes the data on tax evasion that was collected
as part of a much larger survey on human beliefs and values.
Data from the Asian countries that were included in the survey
are compared and contrasted. The opinions of participants
are ranked by country in several demographic categories, including
gender and age. The data gathered from some surveys of China
and Thailand are also discussed.
©2007 IUP . All Rights Reserved.
Local
Excise Taxes and Non-renewable Resource Production
-- Laura
Yetter and Mitch Kunce
If
state level statutes are amended to lower excise taxes, will
non-renewable resource production be affected? This paper
analyzes this question empirically using county-level panel
data for the state of Wyoming's oil, gas, and coal industries.
Results are consistent with prior research that posits an
inelastic relationship between changing effective tax rates
and non-renewable resource production. Changing Wyoming excise
tax laws, in the form of tax rate reductions, greatly reduces
state revenue, but adds a little by way of new oil, gas, and
coal production.
©
2007 IUP . All Rights Reserved.
Off-budget
Approaches to the Delivery of Urban Services: The Potential
of Public-Private Partnerships
-- Ramakrishna
Nallathiga
Urban
Local Bodies (ULBs) are increasingly coming under pressure
of service delivery in India, but with the poor state of their
finances, alternative models that are outside the traditional
budgets assume importance. Public-Private Partnerships (PPPs)
are one such important off-budget model for ensuring service
delivery and leveraging private finance wherever possible.
PPPs have assumed importance in the delivery of public infrastructure
services across the world; it was only recently that they
began to be utilized in the delivery of urban infrastructure.
This paper outlines, in general, the potential and importance
of PPPs in public service delivery, presents the major PPP
options, the PPP process and principles which urban local
governments could adopt, and discusses their prospects in
the light of recent experiences.
©
2007 IUP . All Rights Reserved.
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