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Political economics of higher education finance
Borck, Rainald; Wimbersky, Martin - 2009
We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income. We compare four different systems and analyse voters' choices among them: a traditional subsidy scheme, a pure loan scheme, income contingent loans and graduate taxes. Using...
Persistent link: https://www.econbiz.de/10010271868
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Intangible assets and investments at the sector level : empirical evidence for Germany
Crass, Dirk; Licht, Georg; Peters, Bettina - 2014
This paper investigates the role intangible capital plays for economic growth in different sectors in Germany. It consists of two major parts. In the first part, we aim at measuring investment in intangibles at the sector level. We shed light on differences across sectors but also compare these...
Persistent link: https://www.econbiz.de/10010385066
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Growing together: Croatia and Latvia
Gylfason, Thorvaldur; Hochreiter, Eduard - 2010
We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and other...
Persistent link: https://www.econbiz.de/10010274848
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Sectoral Okun's Law and Cross-Country Cyclical Differences
Goto, Eiji - 2020
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...
Persistent link: https://www.econbiz.de/10012841145
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Federalism and accountability with distorted election choices
Kessing, Sebastian G. - 2009
Random factors such as bad weather or exogenous economic shocks affect the re-election of politicians and can reduce accountability. Such distorted election choices interact with the architecture of government. Contrasting centralized with decentralized political systems, this study shows that...
Persistent link: https://www.econbiz.de/10010274383
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Pension Systems (Un)Sustainability and Fiscal Constraints : A Comparative Analysis
Heer, Burkhard; Polito, Vito; Wickens, Michael - 2023
Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic...
Persistent link: https://www.econbiz.de/10014347982
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Deutsch-französische Wirtschaftsperformance im Vergleich
Matthes, Jürgen - In: IW-Trends - Vierteljahresschrift zur empirischen … 30 (2003) 1, pp. 13-23
Frankreich lediglich in den Jahren 1998 und 1999 im Gegensatz zu Deutschland einen sehr kräftigen, aber bald darauf wieder … Vergleich zu Deutschland ausgeprägte Lohnzurückhaltung Frankreichs in den Vorjahren zurückzuführen ist. Zudem haben … reguliert ist als der deutsche. Die Wachstumsbedingungen sind insgesamt gesehen in Frankreich nicht besser als in Deutschland. …
Persistent link: https://www.econbiz.de/10011633097
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Complementarity of innovation policies in the Brazilian industry : an econometric study
Strube, Eduardo; Resende, Marcelo - 2009
The paper aims at assessing discrete complementarities in innovation policies in the context of the Brazilian industry in 2003. The paper considers the approach advanced by Mohnen and and Röller [European Economic Review, 2005] that focuses on supermodularity and submodularity tests for...
Persistent link: https://www.econbiz.de/10010276376
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Exports and productivity growth : first evidence from a continuous treatment approach
Fryges, Helmut (contributor); Wagner, Joachim (contributor) - 2007
A recent survey of 54 micro-econometric studies reveals that exporting firms are more productive than non-exporters. On the other hand, previous empirical studies show that exporting does not necessarily improve productivity. One possible reason for this result is that most previous studies are...
Persistent link: https://www.econbiz.de/10003480022
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Modeling asset returns : a comparison of theoretical and empirical models
Lüders, Erik (contributor); Schröder, Michael (contributor) - 2004 - Rev. version
This paper presents and compares several time-series models for returns of broadbased stock indices. These models nest a nonlinear asymmetric GARCH (NGARCH) model as a special case. Some of these models are empirically motivated ad-hoc specifications others are derived from a representative...
Persistent link: https://www.econbiz.de/10003670896