John T. Bennett

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This paper presents alternative measures of the real cost of financial capital in the United States, Japan, and Korea over the 1975-90 period. Japan’s cost of financial capital was the lowest among the three countries studied. The U.S. real cost of financial capital was higher than the Korean real cost. Our statistical analyses provide some evidence for(More)
This study explores paperwork as an inherent characteristic of bureaucratic behavior. The magnitude and scope of the federal government paperwork burden on the private sector is given particular emphasis. A theoretical model of bureaucratic behavior is developed which shows that bureaucrats employ paperwork to shift the cost of agency functions to the(More)
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