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This paper studies private saving decisions in Latin America in the 1990s, with special focus on corporate saving. We investigate the puzzling omission of corporate saving in private saving studies, and afterwards we cal...

This paper develops a model in which it is possible to evaluate alternatives of human capital financing. The alternative systems under discussion are: total feeing; graduates taxes and uniform taxes (this can be associat...

A great deal of empirical work has convincingly shown that there is a positive association between financial development and economic growth, and some recent work has even provided evidence that the former causes the lat...

This paper addresses two very important, but usually neglected, aspects of Argentina's federal revenue-sharing system. The first aspect refers to the horizontal tensions present -in addition to the traditional vertical o...

This paper uses cross-national data to examine the effects of federal fiscal and political institutions on the fiscal performance of subnational governments. Balanced budgets among subnational governments are found when ...