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Infrastructure and Growth: Empirical Evidence
Egert, Balazs; Kozluk, Tomasz; Sutherland, Douglas - CESifo - 2009
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on …
Persistent link: https://www.econbiz.de/10005013038
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Sustainability of Swiss Fiscal Policy
Kirchgässner, Gebhard; Prohl, Silika - CESifo - 2006
and cointegration tests for federal revenues and expenditures, taking into account a structural shift in the budgetary …
Persistent link: https://www.econbiz.de/10005766311
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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 mobility in particular induces tax competition, thus putting downward pressure on capital taxes. However, while capital mobility introduces the inefficiency of tax competition, it...
Persistent link: https://www.econbiz.de/10010877683
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Is Capital Mobility Good for Public Good Provision?
Schwerhoff, Gregor; Edenhofer, Ottmar - CESifo - 2013
We set up a general model on capital mobility which contains many of the models in the literature as special cases. The race to the bottom results not from a capital flight effect, but rather from a kind of Laffer curve effect in public good provision. Selectively introducing simplifying...
Persistent link: https://www.econbiz.de/10010877760
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Union Wage Setting and International Trade
Egger, Hartmut; Etzel, Daniel - CESifo - 2012
This paper sets up a general oligopolistic equilibrium model with two countries that differ in the centralization of union wage setting. Being interested in the consequences of openness, we show that, in the short-run, trade increases welfare and employment in both locations, and it raises...
Persistent link: https://www.econbiz.de/10010877792
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Public Funding of Higher Education
Viaene, Jean-Marie; Zilcha, Itzhak - CESifo - 2011
which public investment in higher education is efficient and desirable. We analyze non-stationary equilibria of an OLG …
Persistent link: https://www.econbiz.de/10009320367
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Journey into the Unknown? Economic Consequences of Factor Market Integration under Increasing Returns to Scale
Schäfer, Andreas; Steger, Thomas - CESifo - 2011
What are the dynamic consequences of comprehensive integration shocks? The answer to this question appears all but trivial. 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....
Persistent link: https://www.econbiz.de/10009645233
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Optimal Tax Policies with Private-Public Clean-Up, Cross-Border Pollution and Capital Mobility
Hadjiyiannis, Costas; Hatzipanayotou, Panos; Michael, … - CESifo - 2002
This paper builds a model of a region with two non-identical countries, cross-border pollution and free movements of goods and capital within the region. Pollution reduces welfare and there is simultaneous private and public pollution abatement. Public pollution abatement is financed with the...
Persistent link: https://www.econbiz.de/10005765633
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Capital Mobility and Tax Competition: A Survey
Fuest, Clemens; Huber, Bernd; Mintz, Jack - CESifo - 2003
border crossing investment is taxed relative to domestic investment and whether welfare gains can be achieved through … international tax coordination. We develop a a “working horse model” of multinational investment which allows to derive many of the …
Persistent link: https://www.econbiz.de/10005765882
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Tax Competition, Capital Mobility and Public Good Provision Within a Trading Block
Hadjiyiannis, Costas; Hatzipanayotou, Panos; Michael, … - CESifo - 2001
We construct a general equilibrium model of a two-country trading block where governments through tax policies attract mobile capital, and provide an imported public consumption good. At Nash equilibrium, when the public good is under-provided, (i) a country with a large GDP, has a large Nash...
Persistent link: https://www.econbiz.de/10005765896