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Knowledge Spillovers, ICT and Productivity Growth
Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cecilia - C.E.P.R. Discussion Papers - 2014
a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU …
Persistent link: https://www.econbiz.de/10011084334
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How Much Does the UK Invest in Intangible Assets?
Giorgio Marrano, Mauro; Haskel, Jonathan - C.E.P.R. Discussion Papers - 2007
the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998 …-2000, with intangible investment about equal to tangible capital investment. Our work, using a similar method, suggests the UK … private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is …
Persistent link: https://www.econbiz.de/10005656338
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The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States
Mertens, Karel; Ravn, Morten O - C.E.P.R. Discussion Papers - 2011
This paper estimates the dynamic effects of changes in taxes in the United States. We distinguish between the effects of changes in personal and corporate income taxes using a new narrative account of federal tax liability changes in these two tax components. We develop an estimator in which...
Persistent link: https://www.econbiz.de/10009293981
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A Reconciliation of SVAR and Narrative Estimates of Tax Multipliers
Mertens, Karel; Ravn, Morten O - C.E.P.R. Discussion Papers - 2012
Existing empirical estimates of US nationwide tax multipliers vary from close to zero to very large. Using narrative measures as proxies for structural shocks to total tax revenues in an SVAR, we estimate tax multipliers at the higher end of the range: around two on impact and up to three after...
Persistent link: https://www.econbiz.de/10011083694
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Tax Incentives to Saving and Borrowing
Jappelli, Tullio; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2003
The Paper reviews the literature on these tax incentives, with special focus on long-term saving, housing, and household liabilities. The Paper addresses several areas of policy intervention: (1) the interest rate effect on personal saving; (2) the effect of tax incentives on long-term mandatory...
Persistent link: https://www.econbiz.de/10005666717
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Rational Inattention to Subsidies for Charitable Contributions
Scharf, Kimberley; Smith, Sarah L. - C.E.P.R. Discussion Papers - 2010
Recent evidence suggests that individuals do not always take notice of tax attributes when making their choices. This paper focuses on the case of tax relief for charitable contributions. Although a fully rational donor should view a matched payment to the receiving charity and a tax rebate of...
Persistent link: https://www.econbiz.de/10008468705
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Tax Incentives and the Demand for Life Insurance: Evidence from Italy
Jappelli, Tullio; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2001
commitment to long-term investment. …
Persistent link: https://www.econbiz.de/10005136504
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Incentives to Borrow and the Demand for Mortgage Debt: An Analysis of Tax Reforms
Jappelli, Tullio; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2004
Before 1992 mortgage interest in Italy was fully tax deductible up to 3,500 euro (7,000 for two cosigners). Between 1992-94 the government implemented a series of tax reforms whose ultimate effect was to cancel the relation between the after-tax mortgage rate and the marginal tax rate. Using...
Persistent link: https://www.econbiz.de/10005067426
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The Macroeconomic Effects of German Unification: Real Adjustments and the Welfare State
Canova, Fabio; Ravn, Morten O - C.E.P.R. Discussion Papers - 1998
We study the effects of German unification on macroeconomic variables in a model with capital accumulation, skill differences and a welfare state. The integration of two economies differing in capital holdings and skill distribution is similar to a mass migration of low-skilled agents holding no...
Persistent link: https://www.econbiz.de/10005497833
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Evaluating the Minimum Asset Tax on Corporations: An Option Pricing Approach
Estache, Antonio; van Wijnbergen, Sweder - C.E.P.R. Discussion Papers - 1992
King-Fullerton methodology cannot assess the minimum-asset tax (MAT) because it cannot handle uncertainty. We present an alternative based on option pricing, and show how carry-over rules, depreciation conventions and uncertainty affect the MAT burden. Using Brazilian data, we show that: (a)...
Persistent link: https://www.econbiz.de/10005498170