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Promoting Infrastructure Development in Brazil

Mourougane, Annabelle; Pisu, Mauro - Economics Department, Organisation de Coopération et … - 2011

Brazil under-invested in infrastructure for over three decades, and infrastructure investment rates have come up only slowly since 2007. Infrastructure needs are sizeable in almost all sectors. It is likely that at its current stage of development the country will benefit from large pay-offs...

Persistent link: https://www.econbiz.de/10009350674

Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries

Arnold, Jens; Bassanini, Andrea; Scarpetta, Stefano - Economics Department, Organisation de Coopération et … - 2007

convergence and short term dynamics to vary across countries. While there are indeed good reasons to believe in common long … direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries …, standard dynamic fixed effect specifications, by imposing cross-country homogeneity restrictions on speed of convergence and …

Persistent link: https://www.econbiz.de/10005045653

The Effects of Fiscal Policy on Output: A DSGE Analysis

Furceri, Davide; Mourougane, Annabelle - Economics Department, Organisation de Coopération et … - 2010

This paper examines the effects of fiscal policy on output in the euro area. For this purpose we develop a DSGE Fiscal Model with endogenous government bond yields to assess the impact of different fiscal policy shocks on output, its components and on government debt. The simulations suggest...

Persistent link: https://www.econbiz.de/10008458987

How do Institutions Affect Structural Unemployment in Times of Crises?

Furceri, Davide; Mourougane, Annabelle - Economics Department, Organisation de Coopération et … - 2009

This paper examines the effect of economic crises on structural unemployment using an Autoregressive Distributed Lags model and accounting for the role of institutional settings. Analysing an unbalanced panel of 30 OECD economies from 1970 to 2008, we found that downturns have, on average, a...

Persistent link: https://www.econbiz.de/10008498031

Do Corporate Taxes Reduce Productivity and Investment at the Firm Level?: Cross-Country Evidence from the Amadeus Dataset

Schwellnus, Cyrille; Arnold, Jens - Economics Department, Organisation de Coopération et … - 2008

This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits differential effects of corporate taxes on firms with...

Persistent link: https://www.econbiz.de/10005046045

Do Tax Structures Affect Aggregate Economic Growth?: Empirical Evidence from a Panel of OECD Countries

Arnold, Jens - Economics Department, Organisation de Coopération et … - 2008

This paper examines the relationship between tax structures and economic growth by entering indicators of the tax structure into a set of panel growth regressions for 21 OECD countries, in which both the accumulation of physical and human capital are accounted for. The results of the analysis...

Persistent link: https://www.econbiz.de/10005046159

Toward a More Efficient Taxation System in New Zealand

Mourougane, Annabelle - Economics Department, Organisation de Coopération et … - 2007

After the radical reforms undertaken in the 1980s, the NZ tax system has long been regarded as one of most efficient within the OECD, and is based on a comprehensive income approach. Looking forward, the country will require a tax regime that helps the economy to continue raising living...

Persistent link: https://www.econbiz.de/10005046191