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The Impact of Globalization on the Composition of Government Expenditures: Evidence from Panel Data
Dreher, Axel; Sturm, Jan-Egbert; Ursprung, Heinrich - CESifo - 2006
According to the disciplining hypothesis, globalization restrains governments by inducing increased budgetary pressure … globalization (“compensation hypothesis”). Employing two different datasets and various measures of globalization, we analyze … whether globalization has indeed influenced the composition of government expenditures. For a sample of 108 countries, we …
Persistent link: https://www.econbiz.de/10005766280
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Economic-Social Interaction in China
Lindbeck, Assar - CESifo - 2008
This paper analyzes economic-social interaction in China in connection with the country’s change of economic system. I define an economic system in terms of a multidimensional vector of broad institutional characteristics, and I emphasize that important features of the social development are...
Persistent link: https://www.econbiz.de/10005406215
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Beyond the Salassa-Samuelson Effect in some New Member States of the European Union
García-Solanes, José; Sancho-Portero, Francisco I.; … - CESifo - 2007
This paper analyses the Balassa and Samuelson hypothesis in two groups of European countries: six New Member States (NMS) and six advanced EU-15 economies. It is found that the second stage of the hypothesis, which relates relative sector prices with the real exchange rate, does not hold...
Persistent link: https://www.econbiz.de/10005416475
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Rainy Day Politics - An Instrumental Variables Approach to the Effect of Parties on Political Outcomes
Lind, Jo Thori - CESifo - 2014
Rain affects electoral turnout both through a direct effect on the cost of voting and by changing the opportunity cost. In a panel of Norwegian municipalities I find that rain on Election Day increases turnout. As turnout affects electoral outcomes, rain provides an exogeneous source of...
Persistent link: https://www.econbiz.de/10010877735
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Perspectives from the Happiness Literature and the Role of New Instruments for Policy Analysis
Praag, Bernard M.S. van - CESifo - 2007
After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In Section 2 we sketch the present status of happiness economics. In Section 3 we consider the practical applicability of happiness economics, retaining the...
Persistent link: https://www.econbiz.de/10005181318
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History, Expectations, and Public Policy: Economic Development in Eastern Germany
Schäfer, Andreas; Steger, Thomas - CESifo - 2010
Motivated by the process of economic development in Eastern Germany since the German reunification we set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level. The model features multiple...
Persistent link: https://www.econbiz.de/10008671695
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The Globalization Paradox Revisited
Schwerhoff, Gregor; Edenhofer, Ottmar - CESifo - 2014
According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital …. Fixed factor taxes have the potential to improve welfare by defusing the globalization trilemma through a reduction in the …
Persistent link: https://www.econbiz.de/10010877683
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'Globesity'? The Effects of Globalization on Obesity and Caloric Intake
Costa-i-Font, Joan; Mas, Núria - CESifo - 2014
This study considers the effects of globalization, in its economic and social dimensions, on obesity and caloric intake … globalization and both obesity and caloric intake. A one standard deviation increase in globalization is associated with a 20 … social globalization, and specifically the effects of changes in information flows and social proximity. A one standard …
Persistent link: https://www.econbiz.de/10010948886
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International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity
Belloc, Marianna; Bowles, Samuel - CESifo - 2009
Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...
Persistent link: https://www.econbiz.de/10005013942
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Capital Importers Pay More for their Imports
Adam, Antonis; Moutos, Thomas - CESifo - 2012
We examine the effects that a country’s net capital flows have on the (border) prices that a country pays for its imports of goods. Using data from 2000 to 2009 for 11 euro area countries we utilize a pricing-to-market specification to study exporters’ pricing behavior to the rest of the...
Persistent link: https://www.econbiz.de/10009645628