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Bovi, Maurizio - EconWPA - 2005

This paper presents some stylised facts about the book-tax gap, i.e. the difference between book and taxable income, of Italian corporations. This divergence is a reflection of the usage of any tax shields and any applicable credits and rebates which, in turn, implies that the concept of taxable...

Persistent link: https://www.econbiz.de/10005125996

An Estimate of the Elasticity of Intertemporal Substitution in a Production Economy

Harashima, Taiji - EconWPA - 2005

The elasticity of intertemporal substitution (EIS) at the macro level has been estimated mostly based on endowment economy models and these estimates are very sensitive to the choice of interest rates that are used for estimation. Estimates based on production economy models do not need...

Persistent link: https://www.econbiz.de/10005126406

Does Centralised Wage Setting Lead into Higher Taxation

Kilponen, Juha; Sinko, Pekka - EconWPA - 2005

This paper studies implications of centralised wage setting for the level of taxation and public expenditure in an analytical model with unionised labour markets. We extend the previous studies by allowing for both demand and supply effects of labour. Also, in addition to the standard social...

Persistent link: https://www.econbiz.de/10005076525

Wage and public expenditure setting in a monetary union

Acocella, Nicola; Bartolomeo, Giovanni Di - EconWPA - 2001

European countries have progressively integrated from the point of view of trade and investment and have a common currency now. However, labour market and fiscal institutions have largely retained their national status. The aim of this paper is to examine: a) the possibility for trade unions of...

Persistent link: https://www.econbiz.de/10005076748

Does Centralised Wage Setting Lead into Higher Taxation?

Sinko, Pekka - EconWPA - 2005

This paper studies implications of centralised wage setting for the level of taxation and public expenditures in an analytical model with unionised labour markets. We extend the previous studies by allowing both demand and supply effects of labour. Also, in addition to the standard social...

Persistent link: https://www.econbiz.de/10005556854

Aid, Public Expenditure and Dutch Disease

Adam, Christopher; Bevan, David - EconWPA - 2004

Contemporary policy debates on the macroeconomics of aid often concentrate on short-run Dutch disease effects, ignoring the possible supply side impact of aid—financed public expenditure. We develop a simple model of aid and public expenditure in which public infrastructure capital generates...

Persistent link: https://www.econbiz.de/10005118784

The Inequality of Influence

Hellman, Joel; Kaufmann, Daniel - EconWPA - 2003

This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...

Persistent link: https://www.econbiz.de/10005407672

Far From Home: Do Foreign Investors Import Higher Standards of Governance in Transition Economies?

Hellman, Joel S.; Jones, Geraint; Kaufmann, Daniel - EconWPA - 2003

unbundles corruption to measure different types of corrupt transactions and provide detailed information on the characteristics … and performance of firms, we find that: i) corruption reduces FDI inflows and attracts lower quality investment in terms … kickbacks, while paying a lower overall bribe burden than domestic firms; iii) FDI firms undertake those forms of corruption …

Persistent link: https://www.econbiz.de/10005407674

Measuring Governance, Corruption and State Capture: How Firms and Bureaucrats Shape the Business Environment in Transition Economies

Hellman, Joel S.; Jones, Geraint; Kaufmann, Daniel; … - EconWPA - 2003

corruption, with little attention paid to the role played by firms. Consequently, the links between corporate governance and … Performance Survey (BEEPS) across 20 transition economies, providing an assessment of governance and corruption from the … survey design permits an in-depth empirical analysis of governance and corruption, unbundling governance into its component …

Persistent link: https://www.econbiz.de/10005407751

How Globalisation Improves Governance

Bonaglia, Fecerico; Macedo, Jorge Braga de; Bussolo, … - EconWPA - 2002

’s corruption levels. Examining a large sample of countries covering a 20-year long period, we found robust empirical support for … the fact that increases in import openness do indeed cause reductions in corruption, a crucial aspect of governance. The … corruption is close to one third of that exercised by the level of development. Some cautious policy conclusions are derived. …

Persistent link: https://www.econbiz.de/10005408075