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Happiness and the Human Development Index: Australia is NOT a Paradox

Leigh, Andrew; Wolfers, Justin - C.E.P.R. Discussion Papers - 2006

In 'Happiness and the Human Development Index: The Paradox of Australia,' Blanchflower and Oswald (2005) observe an … apparent puzzle: they claim that Australia ranks highly in the Human Development Index (HDI), but relatively poorly in … happiness. However, when we compare their happiness data with the HDI, Australia appears happier, not sadder, than its HDI score …

Persistent link: https://www.econbiz.de/10005136466

Integration, Agglomeration and the Political Economics of Factor Mobility

Ottaviano, Gianmarco; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 1999

This paper tackles the issue of the optimality of agglomeration in a two-region economy with skilled/mobile and unskilled/immobile workers. The market leads to the optimal outcome when transport costs are high or low. However, for intermediate values, it yields agglomeration whereas dispersion...

Persistent link: https://www.econbiz.de/10005504229

Assessing the Effects of Local Taxation Using Microgeographic Data

Duranton, Gilles; Gobillon, Laurent; Overman, Henry G - C.E.P.R. Discussion Papers - 2006

We study the impact of local taxation on the location and growth of firms. Our empirical methodology pairs establishments across jurisdictional boundaries to estimate the impact of taxation. Our approach improves on existing work as it corrects for unobserved establishment heterogeneity, for...

Persistent link: https://www.econbiz.de/10005504532

International Taxation and Multinational Firm Location Decisions

Barrios, Salvador; Huizinga, Harry; Laeven, Luc; … - C.E.P.R. Discussion Papers - 2008

Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. In fact, the impact of...

Persistent link: https://www.econbiz.de/10005114372

Forced Asset Sales and the Concentration of Outstanding Debt: Evidence from the Mortgage Market

Favara, Giovanni; Giannetti, Mariassunta - C.E.P.R. Discussion Papers - 2015

We provide evidence that lenders differ in their ex post incentives to internalize price-default externalities associated with the liquidation of collateralized debt. Using the mortgage market as a laboratory, we conjecture that lenders with a large share of outstanding mortgages on their...

Persistent link: https://www.econbiz.de/10011196026

The Impact of Urban Enterprise Zones on Establishments' Location Decisions: Evidence from French ZFUs

Mayer, Thierry; Mayneris, Florian; Py, Loriane - C.E.P.R. Discussion Papers - 2012

In this paper, we study the impact of a French enterprise zones program---the ``Zones Franches Urbaines'' (ZFUs) policy---on establishments' location decisions. Our empirical analysis is based on a micro-geographic dataset which provides exhaustive information on the location of establishments...

Persistent link: https://www.econbiz.de/10011083324

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

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

Revisiting Oligopolistic Reaction: Are FDI Decisions Strategic Complements?

Head, Keith; Mayer, Thierry; Ries, John - C.E.P.R. Discussion Papers - 2002

Knickerbocker (1973) introduced ‘oligopolistic reaction’ to explain why firms follow rivals into foreign markets. We develop a model that incorporates central features of Knickerbocker's story-oligopoly, uncertainty, and risk aversion-to establish the conditions required to generate...

Persistent link: https://www.econbiz.de/10005497737

Coagglomeration and Growth

Barrios, Salvador; Bertinelli, Luisito; Strobl, Eric - C.E.P.R. Discussion Papers - 2003

Using plant-level data for the Irish manufacturing sector over the period 1983-98, we study the coagglomeration of domestic plants and foreign multinationals in Ireland. To this end we make use of the index developed by Ellison and Glaeser (1997) and find coagglomeration to be important for a...

Persistent link: https://www.econbiz.de/10005497785