scholarly journals Fiscal capacity in ‘‘responsible government’’ colonies: the Cape Colony in comparative perspective, c. 1865–1910

Author(s):  
Abel Gwaindepi

Abstract This study contributes to debates on the efficacy of institutions in settler colonies by comparing the Cape Colony’s fiscal path to the experiences of Australia, New Zealand, and Canada. I find that the Cape’s fiscal trajectory was divergent. Agricultural and mining taxes were important surrogates of income taxes in other colonies, but the Cape’s narrow interests pushed for insulation from direct taxes. This made the Cape’s fiscal path unsustainable with comparatively low per capita taxes, high deficits, and the highest level of indebtedness. I argue that the instrumentality of ‘‘responsible government” status was conditional on how imported self-government institutions were endogenized.

1988 ◽  
Vol 18 (1) ◽  
pp. 71-76 ◽  
Author(s):  
Michio Kitahara

It was hypothesized that when relative dietary intake of tryptophan per capita is low compared to certain other amino acids, less serotonin is formed in brain neurons, and suicide rates tend to be high. The hypothesis was supported for males and for both sexes combined.


2019 ◽  
Vol 129 (623) ◽  
pp. 2745-2778 ◽  
Author(s):  
Traviss Cassidy

Abstract We estimate the long-run effects of oil wealth on development by exploiting spatial variation in sedimentary basins—areas where petroleum can potentially form. Instrumental variables estimates indicate that oil production impedes democracy and fiscal capacity development, increases corruption, and raises GDP per capita without significantly harming the non-resource sectors of the economy. We find no evidence that oil production increases internal armed conflict, coup attempts, or political purges. In several specifications failure to account for endogeneity leads to substantial underestimation of the adverse effects of oil, suggesting that countries with higher-quality political institutions and greater fiscal capacity disproportionately select into oil production.


2016 ◽  
Vol 23 (5) ◽  
pp. 921-940 ◽  
Author(s):  
Azmat Gani ◽  
Michael D. Clemes

This study examines the main determinants of international visitor arrivals in New Zealand in light of New Zealand’s major earthquakes in 2010 and 2011 as well as the global financial crisis of 2007. Our results provide strong evidence that visitor origin country per capita incomes, relative prices, real exchange rates, the distance between New Zealand and its main visitor origin countries and New Zealand’s record of good governance are statistically significant determinants of visitor arrivals to New Zealand. Our findings also reveal a negative but statistically insignificant effect of the earthquakes of 2010 and 2011on visitor arrivals to New Zealand. Our findings do not provide any significant regressive effect of the global financial crisis on visitor arrivals to New Zealand.


2010 ◽  
Vol 6 (4) ◽  
Author(s):  
Clair Mills

New Zealand entered a period of economic recession in early 2008, intensified by the global economic crisis of September 2008. Gross domestic product (GDP) fell consistently during 2008, and that year saw the economy’s worst performance in over a decade (The Treasury, 2010a). Real per capita GDP contracted through 2009 and, despite some market optimism in early 2010, economic indicators remain sluggish. Unemployment rates have risen and remain the highest seen since the last recession in 1997–98. The Treasury recently stated that ‘the current recovery is likely to remain muted relative to past recoveries’ (The Treasury, 2010b). 


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