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Optimal Fiscal Action in an Economy with Sovereign Premia and without Monetary Independence: An Application to Italy
Philippopoulos, Apostolis; Varthalitis, Petros; … - CESifo - 2013
We welfare rank various tax-spending policies. The setup is a New Keynesian model of a semi-small open economy featuring sovereign risk premia and loss of monetary policy independence. The model is calibrated to match data from the Italian economy 2001-2011. We compute various optimized...
Persistent link: https://www.econbiz.de/10010639426
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Corporate Social Responsibility and Firms’ Performance: A Stratigraphical Analysis
Comincioli, Nicola; Poddi, Laura; Vergalli, Sergio - Fondazione ENI Enrico Mattei (FEEM) - 2012
Over the last two decades in OECD countries an increasing number of firms are obtaining certification as Socially Responsible (CSR is the acronym for Corporate Social Responsibility). Several studies (including Preston and O’Bannon, 1997; Waddock and Graves, 1997; McWilliams and Sieger, 2001; Ullman,...
Persistent link: https://www.econbiz.de/10010603761
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Do Foreign Aid Transfers Distort Incentives and Hurt Growth? Theory and Evidence from 75 Aid-recipient Countries
Economides, George; Kalyvitis, Sarantis; … - CESifo - 2004
In this paper, foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent … this framework, the growth impact of aid is examined jointly with the determination of rent-seeking behavior. We test the … that aid has a direct positive effect on growth, which is however significantly mitigated by the adverse indirect effects …
Persistent link: https://www.econbiz.de/10005766001
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Alternative Social Security Systems andGrowth
Kaganovich, Michael; Zilcha, Itzhak - CESifo - 2008
include an additional dimension of public policy, namely education funding. Indeed, the productivity growth of future workers …
Persistent link: https://www.econbiz.de/10005181262
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Social Security Systems, Human Capital, and Growth in a Small Open Economy
Kaganovich, Michael; Meier, Volker - CESifo - 2008
that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls … redistributive. This means that if a flat benefit PAYG pension system is in place then the economy will achieve the highest growth …
Persistent link: https://www.econbiz.de/10005181440
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Welfare Implications of Public Education Spending Rules
Angelopoulos, Konstantinos; Malley, Jim; … - CESifo - 2008
only when the policy instrument is successful in smoothing the growth rate of human capital. …
Persistent link: https://www.econbiz.de/10005405961
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Pollution and Resource Extraction: Do they Matter for the Dynamics of Growth?
Economides, George; Philippopoulos, Apostolis - CESifo - 2000
growth-environment-policy link. The context is a dynamic general equilibrium model of endogenous growth, in which private … observed persistent differences in growth among LDCs with similar fundamentals and endowments. …
Persistent link: https://www.econbiz.de/10005406053
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Public Providers, versus Private Providers, of Public Goods: A General Equilibrium Study of the Role of the State
Economides, George; Philippopoulos, Apostolis; … - CESifo - 2011
This paper studies the difference between public production and public finance of public goods in a dynamic general equilibrium setup. By public finance, we mean that the public good is produced by private providers with the government financing their costs. When the model is calibrated to match...
Persistent link: https://www.econbiz.de/10009150635
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Does Corporate Social Responsibility Affect the Performance of Firms?
Comincioli, Nicola; Poddi, Laura; Vergalli, Sergio - Fondazione ENI Enrico Mattei (FEEM) - 2012
Over the last two decades in OECD countries an increasing number of firms are obtaining certification as Socially Responsible (CSR is the acronym for Corporate Social Responsibility). Several studies (including Preston and O’Bannon, 1997; Waddock and Graves, 1997; McWilliams and Sieger, 2001; Ullman,...
Persistent link: https://www.econbiz.de/10010561652