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An open-economy Ramsey-Cass-Koopmans model in reduced form

Spiro, Daniel - 2021

-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …

Persistent link: https://www.econbiz.de/10012619417

Engineering crises : favoritism and strategic fiscal indiscipline

Saint-Paul, Gilles; Ticchi, Davide; Vindigni, Andrea - 2017

If people understand that some macroeconomic policies are unsustainable, why would they vote for them in the first place? We develop a political economy theory of the endogenous emergence of fiscal crises, based on the idea that the adjustment mechanism to a crisis favors some social groups,...

Persistent link: https://www.econbiz.de/10011721727

Determinants of tax rates in local capital income taxation : a theoretical model and evidence from Germany

Büttner, Thiess - 1999

In a theoretical model local jurisdictions provide a public input an d a public consumption good financed by a tax on capital income. When deciding about tax rate and budget structure the jurisdictions will generally respond to each others fiscal choices irrespective of whether the policy is...

Persistent link: https://www.econbiz.de/10009781689

Local business taxation and competition for capital : the choice of the tax rate

Büttner, Thiess - 2001

A theoretical model describes the local choice of the tax rate on capital income. It establishes preferences and various fiscal conditions - including the tax rates of competing jurisdictions - as determinants of the tax rate. The empirical implications are tested using a large panel of...

Persistent link: https://www.econbiz.de/10011398100

Railways and the productivity gap in Italy : persistence and divergence after unification

Pontarollo, Nicola; Ricciuti, Roberto - 2015

The political unification of Italy in 1861 led to the establishment of a single market, by removing the trade barriers across the pre-existing states, with a single currency. Market integration was the economic outcome of this process. At the same time, the Kingdom of Italy started a large...

Persistent link: https://www.econbiz.de/10011295798

Contagious exporting and foreign ownership : evidence from firms in Shanghai using a Bayesian spatial bivariate probit model

Baltagi, Badi H.; Egger, Peter; Kesina, Michaela - 2018

Whether a firm is able to attract foreign capital and whether it may participate at the export market depends on whether the fixed costs associated with doing so are at least covered by the incremental operating profits. This paper provides evidence that success for some firms in attracting...

Persistent link: https://www.econbiz.de/10011822884

Sources of productivity spillovers : panel data evidence from China

Baltagi, Badi H.; Egger, Peter; Kesina, Michaela - 2014

This paper assesses sources of productivity spillovers in China's electric and electronic manufacturing industry using a rich panel data-set of 25,360 firms observed over the period 2004-2007. This industry is characterized by its important reliance on technology. In particular, the paper...

Persistent link: https://www.econbiz.de/10010356360

The role of public infrastructure for firm location and international outsourcing

Egger, Hartmut; Falkinger, Josef - 2003

This paper presents a model in which final goods producers outsource intermediate input production. Intermediate inputs are differentiated and their production can be located at home or abroad. The model is used to examine competitive location policy in a (two-country) free trade agreement...

Persistent link: https://www.econbiz.de/10011508001

Quiet please! : adverse effects of noise on child development

Makles, Anna; Schneider, Kerstin - 2016

Noise pollution is detrimental to health and to cognitive development of children. This is not only true for extreme levels of noise in the neighborhood of an airport but also to traffic noise in urban areas. Using a census of preschool children, we show that children who are exposed to...

Persistent link: https://www.econbiz.de/10011587530

Welfare benefits of agglomeration and worker heterogeneity

Teulings, Coen N.; Ossokina, Ioulia V.; Groot, Henri L. … - 2014

The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...

Persistent link: https://www.econbiz.de/10010391790

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