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Full-Text Articles in Political Economy

Potential Cost Savings And Framework Of Strategies For Improved Delivery Of Government Services, Mark A. Edelman Dr. May 2000

Potential Cost Savings And Framework Of Strategies For Improved Delivery Of Government Services, Mark A. Edelman Dr.

Economic Staff Paper Series

This Preliminary Assessment represents a response to an important and timely request for information from the Governor's Strategic Planning Council. This report represents a limited response based on findings and principles from existing applied studies, academic literature, and input from a knowledgeable range of expertise from the private and public sectors represented on the Iowa Research Council Public Finance Study Development Committee. The intended purpose of this report is to provide a basis for discussion by the Governor's Strategic Planning Council as well as other state and local policymakers, leaders and citizens. The specific questions provided to the ...


A Preliminary Analysis Of The Proposed 1998 Taxpayers' Right Amendments To The Iowa Constitution And Fiscal Consequences Assuming Implementation From Fy1984 To Present, Mark A. Edelman Dr. Mar 1998

A Preliminary Analysis Of The Proposed 1998 Taxpayers' Right Amendments To The Iowa Constitution And Fiscal Consequences Assuming Implementation From Fy1984 To Present, Mark A. Edelman Dr.

Economic Staff Paper Series

This staff paper-reviews the Senate (SSB2072) anU House (HSB688) versions of'a proposed 1998 Amendment.to the Iowa Constitution and.provides a preliminary analysis of the fiscal impacts'on the,state general fund receipts, general fund appropriations, and local property^taxes assuming each proposal was implemented in FY1984. While the year-to-year reductions in spending are relatively small,the cumulative fiscal impact of the SSB2072 would likely have resulted in (1) a FY1997 state general-fund limit that allows 32 percent less spending'than•actual FY1997, (2) a $710-million reduction in the growth of state aid-to local government; and (3)'a29.7 ...


Parting Views: Retiring Legislator Survey, Mark Edelman, Tim Shields, David Oman, John Roehrick Sep 1994

Parting Views: Retiring Legislator Survey, Mark Edelman, Tim Shields, David Oman, John Roehrick

Economic Staff Paper Series

The following survey results represent a summary of views provided by sixteen legislators who voluntarily retired as State Senators or State Representatives during 1994. The unusually large number of lawmakers who voluntarily retired this year provided an opportunity together a candid assessment of the performance of state government, the impacts of recent changes in Iowa's political process, and to identify future agenda items for the state and for improving Iowa's democracy.


Data: State And Federal Agricultural Research Activities, 48 States, 1951-85, Wallace E. Huffman Jan 1990

Data: State And Federal Agricultural Research Activities, 48 States, 1951-85, Wallace E. Huffman

Economic Staff Paper Series

1. Total public expenditures on agricultural research State expenditures on agricultural research: For 1967-1985, these are the expenditures of the state agricultural experiment stations and of the veterinary medical schools (USDA-CSRS, Funds for Research). For 1951-1967, these are the expenditures of the state agricultural experiment stations,


A Background Report: School Aid Goals, Parameters, Formulas And Impacts Under Declining Enrollment, Dr. Mark A. Edelman, James J. Knudsen Jun 1988

A Background Report: School Aid Goals, Parameters, Formulas And Impacts Under Declining Enrollment, Dr. Mark A. Edelman, James J. Knudsen

Economic Staff Paper Series

There is no such thing as a perfect state school aid formula. Different people define equal educational opportunity differently and school aid formulas include a variety of criteria and incentives that result from compromise and majority voting after being "hammered out" through the political process.


The Political Economy Of Comparable Worth: The Iowa Case 1983-1987, Peter Orazem, J. Peter Mattila Jun 1988

The Political Economy Of Comparable Worth: The Iowa Case 1983-1987, Peter Orazem, J. Peter Mattila

Economic Staff Paper Series

Comparable worth pay plans have been inplemented in several states since the early 1980's. We examine the case of comparable worth in Iowa, as proposed in 1984 and as actually implemented (in compromise form) in 1985 and as adjusted as a result of the appeals process in 1987, In particular, we identify the relative winners and losers from comparable worth by analyzing the impact on earnings for males, females, minorities, unionized ^ployees and particular occupational groups such as supervisors and professionals. In addition, we are able to determine whether the relationships between the State pay structure and variables such ...


Government Debt, Consumption, And Interest Rates: An Empirical Study Of The Ricardian Equivalence Hypothesis, Bong-Soo Lee Oct 1987

Government Debt, Consumption, And Interest Rates: An Empirical Study Of The Ricardian Equivalence Hypothesis, Bong-Soo Lee

Economic Staff Paper Series

This paper investigates the effects of the government debt on private consumption and interest rates (i.e., the Ricardian equivalence hypothesis) in a nonlinear-quadratic equilibrium framework, combined with a time series analysis of the data. The model is summarized by the restrictions on the coefficients of a vector auto regressive (VAR) representation of the relevant variables. The model is not rejected for the sample period of 1947 through 1979 even though the evidence was not overwhelming. It is rejected when the sample period is. extended, to... include, the. Reagan .administration .period up to 1987,1. A more detailed data analysis ...


Wealth And Power In A Collegial Polity, Roy Gardner Dec 1981

Wealth And Power In A Collegial Polity, Roy Gardner

Economic Staff Paper Series

This paper considers the reflection of political power upon the distribution of wealth in a collegial polity, where political power is unequally distributed. Power and the economic outcome are both analyzed in terms of the Shapley value. The more powerful a political agent is, the greater is that agent's final wealth, as given by the value allocation.


Power And Employment, Roy Gardner Jan 1981

Power And Employment, Roy Gardner

Economic Staff Paper Series

In any economic system, but especially in centrally planned economies, there exists an important interaction between the political structure and the economic outcome. In a society like that of the Soviet Union, there are considerable differences in power among the various segments of society. These differences in power lead to the existence of economic classes, not unlike those in capitalist economies.^ The difference in economic outcome in such circumstances can be striking. During the 1920's the Soviet Union experienced substantial unemployment among the industrial labor force, with unemployment rates exceeding 10?^. At the same time, an industrial worker or ...


Wealth, Prices, And The Power To Requisition: The New Economic Policy In The Soviet Union, Roy Gardner Jan 1981

Wealth, Prices, And The Power To Requisition: The New Economic Policy In The Soviet Union, Roy Gardner

Economic Staff Paper Series

This paper constructs a game theoretical model of the N.E.P. (New Economic Policy, 1921-1930) in the Soviet Union. The N.E.P. is modeled as a cooperative income redistribution game, whose solution concept is the Shapley value. Special attention is paid to the connection between political power, as measured by party strength, and economic power, inversely related to the taxation rate. The equation relating peasant party strength and the state grain procurement rate is fitted for the available data, 1925- 1930. The model shows clearly the relationship between falling political power of the peasants and the rising rate ...


The Arrow-Lind Theorem In A Continuum Economy, Roy Gardner Jun 1979

The Arrow-Lind Theorem In A Continuum Economy, Roy Gardner

Economic Staff Paper Series

In their stimulating contribution to the theory of cost-benefit analysis, Arrow and Lind showed that "when the risks associated with a public investment are publicly borne, the total cost of risk bearing is insignificant and, therefore, the government should ignore uncertainty in evaluating public investments... This result is obtained not because the government is able to pool investments but because the government distributes the risk associated with any investment among a large number of people. It is the risk-spreading aspect of government investment that is essential to this result." Arrow and Lind proved their result from an asymptotic point of ...


Imports And Import Functions For Brazil, 1953-1970, Richard Weisskoff Feb 1979

Imports And Import Functions For Brazil, 1953-1970, Richard Weisskoff

Economic Staff Paper Series

Throughout the postwar period, the Brazilian economy has swung violently through phases which have been described first as the rise and the decline of import substitution, and then, after even more severe economic contraction and political counter-revolution, an explosion of growth known as the "Brazilian miracle." All during this period, Brazil has relied on its exchange markets and protective structure to ration its constricted import capacity among competing users. While other import-substituting countries have turned more exclusively to discretionary quotas and licensing...


The Assignment Problem And The Speed Of Adjustment, Walter Enders, Harvey E. Lapan Jan 1979

The Assignment Problem And The Speed Of Adjustment, Walter Enders, Harvey E. Lapan

Economic Staff Paper Series

Mundell [20] demonstrated that in order to achieve balance of payments equilibrium and full employment, monetary policy should be paired with external balance and fiscal policy with Internal balance. The fundamental problem posed by Mundell concerned the methods governmental authorities should utilize to insure that both internal and external balance would be achieved when the underlying structural parameters of the economy were unknown. Mundell argued that the assignment of monetary policy to external balance and fiscal policy to Internal balance followed from the Principle of Effective Market Classification [20, p.76j: "Policies should be paired with objectives on which they ...


Puerto Rico And The Caribbean Economies: Models And Patterns, Richard Weisskoff Apr 1978

Puerto Rico And The Caribbean Economies: Models And Patterns, Richard Weisskoff

Economic Staff Paper Series

The basic argument of this paper is that the Puerto Rican experience of economic development, both quantitatively and qualitatively, is relevant for the rest of the Caribbean and, indeed, for the rest of the developing world. This argument is made in contradiction to the general view that by its very-success, Puerto Rico represents the exemplary case which is "too special", particularly in terms of its relationship with the U.S.


Agave At Kithaeron: Twenty-Five Years Of Import Substitution In Brazil, 1948-1972, Richard Weisskoff Mar 1976

Agave At Kithaeron: Twenty-Five Years Of Import Substitution In Brazil, 1948-1972, Richard Weisskoff

Economic Staff Paper Series

Recovering from the severe economic and political crises in the mid-1960's, Brazil has since burst onto a growth trajectory unmatched by any country in the Western hemisphere. The events and political struggles which precipitated the military coup of April 1964 had at first ushered in a period of recession and import squeeze more serious than the earlier crises. After some initial trials and contradictory policies, Brazil has thrust itself Into an era in which the previously regarded bottlenecks—trade, Inflation, and wage policy, as well as the rule of a civilian government—have all been apparently shattered.


Portfolio Balance And The Assignment Problem In An Interdependent World, Walter Enders, Harvey Lapan Jan 1976

Portfolio Balance And The Assignment Problem In An Interdependent World, Walter Enders, Harvey Lapan

Economic Staff Paper Series

Central to the determination of the proper assignment of monetary and fiscal policy is the precise nature of the role of international capital movements. Mundell's choice of assignments was based on his assumption that capital movements represent sustainable flows, whereas recent work in portfolio theory has shown that the demand for assets is a stock demand. Numerous papers have criticized Mundell for his specification of the capital flow equation and, instead, argued that a change in the rate of return on an asset will lead to a permanent change in desired asset stocks which can be accommodated by temporary ...