framework for analyzing tax effects on changes in capital stock. In particular I estimate a one-step error correction model (ECM …) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has … incomplete. Both, ECM and distributed lag model, suggest that user cost of capital and output have an economically and …

inefficiency in one step, using a latent class model for stochastic frontiers. As the classification is not based on a priori … technology than smaller ones we assess if a single step latent class model provides new insights to the use of benchmarking …

a systematic manner with the legal rules as defined by labour as well as tax law. We start with a theoretical model that … (GSOEP), we put our theoretical model to an empirical test. Our main result is that the shadow of the law matters. Criteria …

model is used to assess the sustainability of public debt by testing whether a government's present value borrowing … constraint holds. Building on the work of Raybaudi et al. (2004) and Chen (2011), the model in this paper generalizes their … therefore labeled as uncertain. Robustness tests indicate that the model is robust to the sample size and the number of states …