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Big G
Cox, Lydia - 2020
"Big G" typically refers to aggregate government spending on a homogeneous good. In this paper, we open up this construct by analyzing the entire universe of procurement contracts of the US government and establish five facts. First, government spending is granular, that is, it is concentrated...
Persistent link: https://www.econbiz.de/10012836206
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Motivation Crowding in Peer Effects : The Effect of Solar Subsidies on Green Power Purchases
La Nauze, Andrea - 2021
I test whether economic incentives dampen peer effects in public-good settings. I study how a visible and subsidized contribution to a public good (installing solar panels) affects peer contributions that are neither subsidized nor visible (electing green power). Exploiting spatial variation in...
Persistent link: https://www.econbiz.de/10013239335
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Does Mandatory Saving Crowd Out Voluntary Saving? Evidence from a Pension Reform
Hougaard Jensen, Svend E.; Olafsson, Sigurdur P.; … - 2022
Recently, mandatory pension contributions in the private sector in Iceland were increased substantially while remaining unchanged in the public sector. This constituted a large natural experiment. We study the effects of this experiment on households’ voluntary saving using administrative...
Persistent link: https://www.econbiz.de/10014242150
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Crowding Out the Truth? A Simple Model of Misinformation, Polarization and Meaningful Social Interactions
Germano, Fabrizio; Gómez, Vicenç; Sobbrio, Francesco - 2022
This paper provides a simple theoretical framework to evaluate the effect of key parameters of ranking algorithms, namely popularity and personalization parameters, on measures of platform engagement, misinformation and polarization. The results show that an increase in the weight assigned to...
Persistent link: https://www.econbiz.de/10014243159
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Corporate tax competition and the decline of public investment
Gomes, Pedro; Pouget, Francois - 2008
The government's choices of the corporate tax rate and public investment are interdependent. In particular, they both … international tax competition drives the statutory tax rate down from 45% to 30%, public investment is reduced by 0.4% of output at … corporate tax rate and public investment are endogenous. More precisely, a decline of 15% in the corporate tax rate reduces …
Persistent link: https://www.econbiz.de/10010264426
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Differential Games of Public Investment : Markovian Best Responses in the General Case
Jaakkola, Niko; Wagener, Florian - 2023
We define a differential game of public investment with a discontinuous Markovian strategy space. The best response …, and joint investment problems …
Persistent link: https://www.econbiz.de/10014345885
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Is Public Investment in Construction and in R&D, Growth Enhancing? A PVAR Approach
Afonso, António; Sá Fortes Leitao Rodrigues, Eduardo de - 2022
We study the impacts of public investment, notably in construction and in R&D on economic growth and of crowding …-out effects on private investment. For this purpose, we use Panel Vector Autoregression (PVAR) models and the Generalised Method …) innovations in public investment have more positive effects on GDP growth and private investment in emerging economies; ii) the …
Persistent link: https://www.econbiz.de/10014242792
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Intention-based reciprocity and the hidden costs of control
Siemens, Ferdinand von - 2011
Empirical research suggests that - rather than improving incentives - exerting control can reduce workers' performance by eroding motivation. The present paper shows that intention-based reciprocity can cause such motivational crowding-out if individuals differ in their propensity for...
Persistent link: https://www.econbiz.de/10010277418
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The cost of environmental policy under induced technical change
Smulders, Sjak; Di Maria, Corrado - 2012
. The second issue is whether environmental policy increases or decreases total investment and innovation. Even when …, the presence of additional distortions drive wedges between the social and private valuation of investment and pollution …
Persistent link: https://www.econbiz.de/10010283615
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How productive is public capital?: a meta-analysis
Bom, Pedro R. D.; Ligthart, Jenny E. - 2008
The paper analyzes the contribution of public capital to private output using several meta-analytical techniques. Both fixed and random effects models are estimated by Weighted Least Squares. Sample overlap across studies is explicitly controlled for by employing a full' Generalized Least...
Persistent link: https://www.econbiz.de/10010275668