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Sectoral Trade Freeness and Agglomeration in the EU: An Empirical Test Strategy
Cafiso, Gianluca - CESifo - 2012
different bootstrap distributions. …
Persistent link: https://www.econbiz.de/10010877933
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Short and Long-run Behaviour of Long-term Sovereign Bond Yields
Afonso, António; Rault, Christophe - CESifo - 2010
determinants, we resort to simulation and bootstrap methods for the analysis. Results based on the Common Correlated Effect …
Persistent link: https://www.econbiz.de/10008727299
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Long-run Determinants of Sovereign Yields
Afonso, António; Rault, Christophe - CESifo - 2010
We study sovereign bond yields in OECD countries with a dynamic panel by checking for cross-section dependence; assessing panel cointegration; and estimating panel error-correction models. The results show that markets consider budgetary and external imbalances and inflation as relevant...
Persistent link: https://www.econbiz.de/10008498994
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The Importance of the Electoral Rule: Evidence from Italy
Bordignon, Massimo; Monticini, Andrea - CESifo - 2011
We employ bootstrap methods (Efron (1979)) to test the effect of an important electoral reform implemented in Italy …
Persistent link: https://www.econbiz.de/10008853865
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Deregulation, Entry of Foreign Banks and Bank Efficiency in Australia
Sturm, Jan-Egbert; Williams, Barry - CESifo - 2002
This study considers the efficiency of banking in Australia during the post-deregulation period 1988-2001. Since 1986 … their superior scale efficiency. However, this superior efficiency did not necessarily result in superior profits. Our … banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency …
Persistent link: https://www.econbiz.de/10005766073
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Policy Persistence and Rent Extraction
Friedrich, Silke - CESifo - 2013
The existing literature has shown that special interest groups can have both growth enhancing and retarding effects on an economy. In either case it is always assumed that the nature of the special interest groups remains constant over time. The hypothesis of this paper is that a dynamic...
Persistent link: https://www.econbiz.de/10010877655
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Centralized Fiscal Spending by Supranational Unions
Simon, Jenny; Valasek, Justin Mattias - CESifo - 2013
decreasing efficiency, which becomes more severe as the centralized budget increases. We also analyze partial ex-ante commitment … through alternative decision-making institutions: Both majority rule and exogenous tax rules can improve efficiency. …
Persistent link: https://www.econbiz.de/10010877969
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Battle for Climate and Scarcity Rents: Beyond the Linear-Quadratic Case
Kagan, Mark; Ploeg, Frederick Van der; Withagen, Cees A. - CESifo - 2014
The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...
Persistent link: https://www.econbiz.de/10011264740
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Simultaneous Search and Network Efficiency
Gautier, Pieter A.; Holzner, Christian - CESifo - 2011
When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects network clearing). We show that those frictions and the...
Persistent link: https://www.econbiz.de/10009221551
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Are User Fees Really Regressive?
Economides, George; Philippopoulos, Apostolis - CESifo - 2012
by the Ramsey government not only increases aggregate efficiency, but it also decreases inequality. This result is in …
Persistent link: https://www.econbiz.de/10010556462