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Political Competition, Tax Salience and Accountability: Theory and Some Evidence from Italy

Bracco, Emanuele; Porcelli, Francesco; Redoano, Michela - CESifo - 2013

This paper argues that high political competition does not necessarily induce policy makers to perform better as previous research has shown. We develop a political economy model and we show that when political competition is tight, and elected politicians can rely on more tax instruments, they...

Persistent link: https://www.econbiz.de/10010877811

Why does Environmental Policy in Representative Democracies Tend to be Inadequate? A Preliminary Public Choice Analysis

Kollmann, Andrea; Schneider, Friedrich - CESifo - 2010

There is a widespread consensus among the most important players in developed countries (voters, politicians, producers, traditional and green interest groups and bureaucracies) that a shift towards an eco-social market economy is essential for sustainable growth. Nevertheless, market-based...

Persistent link: https://www.econbiz.de/10008727290

The Market for Protection and the Origin of the State

Konrad, Kai A.; Skaperdas, Stergios - CESifo - 2005

We examine a stark setting in which security or protection can be provided by self-governing groups or by for-profit entrepreneurs (kings, kleptocrats, or mafia dons). Though self-governance is best for the population, it faces problems of long-term viability. Typically, in providing security...

Persistent link: https://www.econbiz.de/10005765642

Comparative Venture Capital Governance. Private versus Labour Sponsored Venture Capital Funds

Cumming, Douglas J.; MacIntosh, Jeffrey G. - CESifo - 2003

Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...

Persistent link: https://www.econbiz.de/10005406303

State Visits and International Trade

Nitsch, Volker - CESifo - 2005

Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on international trade. I use a large data set covering the travel activities of the heads of state of...

Persistent link: https://www.econbiz.de/10005406336

External Constraints Matter for Privatizations

Petrarca, Ilaria; Ricciuti, Roberto - CESifo - 2014

We present an analysis of the share of public ownership in the product market in the OECD countries from 1974 to 2007. Despite much has been said on the broad topic of reforms and regulation, a sector-specific insight is missing. We replicate the analysis of Galasso (2014) by sector of activity...

Persistent link: https://www.econbiz.de/10010948843

Labour Market Reforms and Outcomes in Estonia

Brixiova, Zuzana; Egert, Balazs - CESifo - 2012

educated. In 2009, the Employment Contract Law relaxed employment protection legislation and sought to raise income protection …

Persistent link: https://www.econbiz.de/10009653373

Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-Cyclical?

Egert, Balazs - CESifo - 2012

overall government balances were counter-cyclical in the past and more so in economic downturns than in upswings …-linear fashion: fiscal policy in countries with high public debt and high government deficits tends to be pro-cyclical, while … paper also finds that asset prices have a significant impact on government balances. …

Persistent link: https://www.econbiz.de/10010540250

Are Stock and Housing Returns Complements or Substitutes? Evidence from OECD Countries

Caporale, Guglielmo Maria; Sousa, Ricardo M. - CESifo - 2011

In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence...

Persistent link: https://www.econbiz.de/10009352230

Revenue Forecasting Practices: Differences across Countries and Consequences for Forecasting Performance

Buettner, Thiess; Kauder, Björn - CESifo - 2009

This paper reviews the practice and performance of revenue forecasting in selected OECD countries. While the mean forecast errors are small in most countries, the precision of the forecasts measured by the standard deviation of the forecast error differs substantially across countries. Based on...

Persistent link: https://www.econbiz.de/10005000378

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