Haku
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Social Capital and Economic Growth Revisited
(Valtion taloudellinen tutkimuskeskus VATT, 2003-06-09)
Social capital facilitates cooperation in the society. High level of social capital promotes economic efficiency by lowering transaction costs. Trust towards strangers and low level of corruption are examples of high level ...
Social Capital and Economic Growth
(Valtion taloudellinen tutkimuskeskus VATT, 1998-01-01)
It is argued in order to explain large differences in the level of the development and the growth of economies cannot be adequately explained only by looking the traditional inputs of labour, capital and natural resources. ...
Uncovering the Dimensions of the Common Good - Problems of Measurement of the Size of the Public Sector
(Valtion taloudellinen tutkimuskeskus VATT, 2003-12-23)
There are problems in the measures of the size of the public sector both from the perspective of welfare state policies, monetary policy and the analysis of the economic role of public sector in general. In practice there ...
Are Government Expenditures Productive? Measuring the Effect on Private Sector Production
(Valtion taloudellinen tutkimuskeskus VATT, 2006-03-03)
This paper analyses the productivity of public expenditures. It follows the branch of literature originated by Aschauer but has also some novel features. First of all, it focuses on the effect of both public investment and ...