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Bohemians, Human Capital, and Regional Economic Growth
Falck, Oliver; Fritsch, Michael; Heblich, Stephan - CESifo - 2009
An emerging literature on the geography of bohemians argues that a region’s lifestyle and cultural amenities explain, at least partly, the unequal distribution of highly qualified people across space, which in turn, explains geographic disparities in economic growth. However, to date, there...
Persistent link: https://www.econbiz.de/10005013060
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Music in the Air: Estimating the Social Return to Cultural Amenities
Falck, Oliver; Fritsch, Michael; Heblich, Stephan; … - CESifo - 2015
If being around smart people makes us smarter and more productive, what can regions do to attract smart people? This paper considers endogenous cultural amenities as a location factor for high-skilled workers. To overcome selection in the provision of cultural amenities, we exploit the variation...
Persistent link: https://www.econbiz.de/10011155376
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Stock Markets, Banks and Long Run Economics Growth: A Panel Cointegration-Based Analysis
Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz - CESifo - 2013
the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development … to economic growth. We find little evidence of reverse causation as well as bi-directional causality. We interpret this …
Persistent link: https://www.econbiz.de/10010723543
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Trade, Integration, and Interregional Inequality
Hirte, Georg; Lessmann, Christian - CESifo - 2014
We study the effect of international trade and freeness of trade (openness) on interregional inequality within countries. We estimate a model derived from a structural economic-geography approach in which interregional inequality depends on weighted trade shares and trade costs. In addition to...
Persistent link: https://www.econbiz.de/10010877821
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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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Adults' Financial Literacy and Households' Financial Assets: The Role of Banks Information Policies
Fort, Margherita; Manaresi, Francesco; Trucchi, Serena - CESifo - 2014
We investigate the role of banks information policies in fostering the accumulation of financial knowledge. In Italy, banks belonging to the PattiChiari Consortium implement policies aimed at increasing transparency and procedural simplification, without offering services at lower cost with...
Persistent link: https://www.econbiz.de/10010948806
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Employment Protection and Fertility: Evidence from the 1990 Italian Reform
Prifti, Ervin; Vuri, Daniela - CESifo - 2012
The aim of this paper is to investigate the effect of Employment Protection Legislation (EPL) on fertility decisions of Italian working women using administrative data. We exploit a reform that introduced in 1990 costs for dismissals unmotivated by a ‘fair cause’ or ‘justified motive’ in...
Persistent link: https://www.econbiz.de/10010547899
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The Pungent Smell of "Red Herrings": Subsoil Assets, Rents, Volatility and the Resource Curse
Ploeg, Frederick Van der; Poelhekke, Steven - CESifo - 2010
Brunnschweiler and Bulte (2008) provide cross-country evidence that the resource curse is a “red herring” once one corrects for endogeneity of resource exports and allows resource abundance affect growth. Their results show that resource exports are no longer significant while the value of...
Persistent link: https://www.econbiz.de/10008596595
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Testing the Tax Competition Theory: How Elastic are National Tax Bases in OECD Countries?
Riedl, Aleksandra; Rocha-Akis, Silvia - CESifo - 2009
To what extent do countries' corporate income tax (CIT) rates attract foreign tax bases? What are the revenue implications of a unilateral tax reduction when tax bases are internationally mobile? These questions are explored using a panel of annual data from 17 OECD countries spanning the period...
Persistent link: https://www.econbiz.de/10004979400
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Which Communities should be afraid of Mobility? The Effects of Agglomeration Economies on the Sensitivity of Firm Location to Local Taxes
Jofre-Monseny, Jordi; Solé-Ollé, Albert - CESifo - 2008
This paper examines the effects of agglomeration economies (AE) on the sensitivity of firm location to tax differentials. An initial reading of the story suggests that, with AE, when a firm moves into a community attracted by a tax reduction, other firms may decide to move in as well. This...
Persistent link: https://www.econbiz.de/10005181269