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Political Competition and the Limits of Political Compromise
Cunha, Alexandre B.; Ornelas, Emanuel - C.E.P.R. Discussion Papers - 2014
We consider an economy where competing political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public expenditures above the socially optimum level. Parties cannot commit to future policies, but they can forge a political compromise where each...
Persistent link: https://www.econbiz.de/10011083364
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The Role of the Annuity's Value on the Decision (Not) to Annuitize: Evidence from a Large Policy Change
Bütler, Monika; Staubli, Stefan; Zito, Maria Grazia - C.E.P.R. Discussion Papers - 2008
This paper presents new evidence on how the annuitization decision is affected by changes in the annuity's value. We take advantage of an unprecendented change in policy, which in 2004 moderated the super-mandatory Swiss occupational pension scheme: The 20 percent reduction in the rate at which...
Persistent link: https://www.econbiz.de/10005504637
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How Changes in Financial Incentives Affect the Duration of Unemployment
Lalive, Rafael; Ours, Jan C van; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2005
This paper studies how changes in the two key parameters of unemployment insurance – the benefit replacement rate (RR) and the potential duration of benefits (PBD) – affect the duration of unemployment. In 1989, the Austrian government made unemployment insurance more generous by changing,...
Persistent link: https://www.econbiz.de/10005114414
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The Institutional Foundations of China’s Reforms and Development
Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010
China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper … analyses China’s institution - a regionally decentralized authoritarian system. The central government has control over …
Persistent link: https://www.econbiz.de/10008468688
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Rebalancing Growth in China: A Three-Handed Approach
Blanchard, Olivier J; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2006
Our paper is an attempt to define the contours of the right macroeconomic strategy for China. In a nutshell, we believe …
Persistent link: https://www.econbiz.de/10005114183
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Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?
de la Fuente, Angel - C.E.P.R. Discussion Papers - 2002
This Paper compares the observed distribution of the stock of infrastructures across the Spanish regions with the optimal allocation derived from a planning problem in which the observed degree of ex-post redistribution is taken as given. The results suggest that Spanish public investment policy...
Persistent link: https://www.econbiz.de/10005792256
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Regional Policy, Integration and the Location of Industry in a Multiregion Framework
Forslid, Rikard - C.E.P.R. Discussion Papers - 2004
This Paper analyses the interaction of economic integration and some typical regional policies in a new economic geography model with three regions of different size. The policies analysed are when the government controls the location of industry through location permits, infrastructure...
Persistent link: https://www.econbiz.de/10005792368
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Regional Policy Design: An Analysis of Relocation, Efficiency and Equity
Ulltveit-Moe, Karen-Helene - C.E.P.R. Discussion Papers - 2004
Despite substantial regional expenditures at both national and community level, European regional policies do not appear to deliver. The evidence suggests that neither efficiency gains nor reduced regional inequalities are attained. If there is any positive impact at all, then it is at the most...
Persistent link: https://www.econbiz.de/10005123639
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European Regional Policies in Light of Recent Location Theories
Puga, Diego - C.E.P.R. Discussion Papers - 2001
Despite large regional policy expenditures, regional inequalities in Europe have not narrowed substantially over the last two decades, and by some measures have even widened. Income differences across states have fallen, but inequalities between regions within each state have risen. European...
Persistent link: https://www.econbiz.de/10005124014
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How do Firms Agglomerate? A Study of FDI in France
Crozet, Matthieu; Mayer, Thierry; Mucchielli, Jean-Louis - C.E.P.R. Discussion Papers - 2003
This Paper studies the determinants of location choice by foreign investors in France. A new sample of almost 4000 location choices over ten years and 92 administrative locations is used to measure two important issues: To what extent do foreign investors cluster spatially and are the...
Persistent link: https://www.econbiz.de/10005124361