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Tax Interactions among Belgian Municipalities: Does Language Matter?

Gérard, Marcel; Jayet, Hubert; Paty, Sonia - CESifo - 2009

This paper tests the existence of strategic interactions among municipalities using a panel of Belgian local tax rates from 1985 to 2004. A special emphasis is put on the role of the language spoken in the various municipalities. Our results first confirm previous findings for Belgium suggesting...

Persistent link: https://www.econbiz.de/10005406425

Bringing French Public Debt Down: The Options for Fiscal Consolidation

Egert, Balazs - CESifo - 2012

France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...

Persistent link: https://www.econbiz.de/10010570047

Productivity Differences in OECD Countries

Pascual, Antonio I. Garcia - CESifo - 2000

This paper investigates cross-country productivity convergence at a sectoral level using multivariate unit-root tests … data. Third, when the null hypothesis of non convergence is rejected, a second test determines the number of converging … countries. Based on a sample of thirteen OECD countries our results show evidence of convergence in three out of six sectors …

Persistent link: https://www.econbiz.de/10005094386

How Efficient is the East German Economy? An Exploration With Micro Data

Funke, Michael; Rahn, Jörg - CESifo - 2000

The purpose of this paper is to evaluate the efficiency of the East German economy at the firm level using an unbalanced panel over the transition period 1994 to 1998. We adopt a translog stochastic frontier model to estimate technical efficiency in eastern and western Germany. The results...

Persistent link: https://www.econbiz.de/10005181620

Regional Inequality, Convergence, and its Determinants - A View from Outer Space

Lessmann, Christian; Seidel, André - CESifo - 2015

approximately 71-80% of all countries face sigma-convergence. Finally, we study different major determinants of the level of ….e., the determinants of the convergence process. We find evidence for an N-shaped relationship between development and …

Persistent link: https://www.econbiz.de/10011272626

Harnessing Windfall Revenues: Optimal Policies for Resource-Rich Developing Economies

Ploeg, Frederick Van der; Venables, Anthony J. - CESifo - 2009

A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...

Persistent link: https://www.econbiz.de/10005051526

Regional Inequality and Decentralization - An Empirical Analysis

Lessmann, Christian - CESifo - 2011

This paper analyzes the impact of political and fiscal decentralization on regional inequalities using a unique data set which covers 56 countries at different stages of economic develop-ment. Cross-section and panel data estimations show that decentralization decreases regional inequalities in...

Persistent link: https://www.econbiz.de/10009293485

Government Spending Shocks and the Multiplier: New Evidence from the U.S. Based on Natural Disasters

Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - CESifo - 2012

The literature on estimating macroeconomic effects of fiscal policy requires suitable instruments to identify exogenous and unanticipated spending shocks. So far, the instrument of choice has been military build-ups. This instrument, however, largely limits the analysis to the US as few other...

Persistent link: https://www.econbiz.de/10010877863

Hypnosis Before Wake-up Call?! The Revival of Sovereign Credit Risk Perception in the EMU-Crisis

Bordon, Ingo G.; Schmid, Kai D.; Schmidt, Michael - CESifo - 2014

the Maastricht treaty, the EMU convergence era, and the financial crisis. In detail, we find: (i) Since the 1980s the role …

Persistent link: https://www.econbiz.de/10010888450

Revisiting the Narrative Approach of Estimating Tax Multipliers

Hebous, Shafik; Zimmermann, Tom - CESifo - 2014

A number of recent studies regress a “narratively” identified measure of a macroeconomic shock directly on an outcome variable. In this note, we argue that this approach can be viewed as the reduced-form regression of an instrumental variable approach in which the narrative time series is...

Persistent link: https://www.econbiz.de/10010948895