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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

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

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

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

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

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

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

Real wages and business cycle asymmetries

Woitek, Ulrich - 2004

The cyclicality of real wages has important implications for the validity of competing business cycle theories. However, the empirical evidence on the aggregate level is inconclusive. Using a threshold vector autoregressive model for the US and Germany to condition the relationship between real...

Persistent link: https://www.econbiz.de/10010261205

Alternative social security systems and growth

Kaganovich, Michael; Zilcha, Itzhak - 2008

Demographic trends in most developed economies are characterized by rising longevity and decreasing birthrates. These trends endanger the sustainability of the current public pension systems. Therefore social security reform proposals are on the agenda in many countries. This paper demonstrates...

Persistent link: https://www.econbiz.de/10010264400

Natural resources: Curse or blessing?

van der Ploeg, Frederick - 2010

Are natural resources a 'curse' or a 'blessing'? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a resource...

Persistent link: https://www.econbiz.de/10010270490