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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

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

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

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

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

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

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

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

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

Local Business Taxation and Competition for Capital: The Choice of the Tax Rate

Buettner, Thiess - CESifo - 2001

A theoretical model describes the local choice of the tax rate on capital income. It establishes preferences and various fiscal conditions - including the tax rates of competing jurisdictions - as determinants of the tax rate. The empirical implications are tested using a large panel of...

Persistent link: https://www.econbiz.de/10005181543