Narrow search
Showing 1 - 10 of 535
Cover Image
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
Cover Image
Education, Lack of Complementary Investment and Underemployment in an Open Economy
Marjit, Sugata; Ahuja, Rashmi; Pandey, Abhilasha - 2021
complementary investment in production activities. Our theoretical findings are motivated by existing empirical evidence and a fresh …
Persistent link: https://www.econbiz.de/10013213779
Cover Image
Public Education Expenditure, Growth and Welfare
Angelopoulos, Konstantinos; Malley, Jim; … - 2021
In this paper we study the quantitative macroeconomic effects of public education spending in USA for the post-war period. Using comparable measures of human and physical capital, from Jorgenson and Fraumeni (1989, 1992a,b), we calibrate a standard dynamic general equilibrium model where human...
Persistent link: https://www.econbiz.de/10013316996
Cover Image
Market Efficiency in the Age of Big Data
Martin, Ian - 2020
Modern investors face a high-dimensional prediction problem: thousands of observable variables are potentially relevant for forecasting. We reassess the conventional wisdom on market efficiency in light of this fact. In our model economy, which resembles a typical machine learning setting, N...
Persistent link: https://www.econbiz.de/10012844214
Cover Image
Valuation of international oil companies : RoACE era
Osmundsen, Petter; Asche, Frank; Misund, Bård; Mohn, Klaus - 2005
High oil prices are normally expected to stimulate exploration and the development of new oil and gas fields. But over the last few years, financial analysts have focused strongly on shortterm accounting return (RoACE) for benchmarking and valuation, and this has led to high capital discipline...
Persistent link: https://www.econbiz.de/10010275859
Cover Image
Playing Easy or Playing Hard to Get : When and How to Attract FDI
Gresik, Thomas A. - 2020
We study the link between a country's institutional quality in tax collection and its optimal corporate tax policies in a model of heterogeneous multinationals that can shift income using both debt and transfer prices. Countries with weak institutional quality can be made worse off adopting...
Persistent link: https://www.econbiz.de/10012828784
Cover Image
Information Frictions, Investment Promotion, and Multinational Production : Firm-Level Evidence
Carballo, Jerónimo; Artiñano, Ignacio Marra; Volpe … - 2021
-specific information from Costa Rica’s investment promotion agency (IPA) over time, we find that IPA support significantly increases the …
Persistent link: https://www.econbiz.de/10013229704
Cover Image
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
Cover Image
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
Cover Image
The Effects of Graduating from High School in a Recession : College Investments, Skill Formation, and Labor-Market Outcomes
Hampf, Franziska - 2020
We investigate the short- and long-term effects of economic conditions at high-school graduation as a source of exogenous variation in the labor-market opportunities of potential college entrants. Exploiting business cycle fluctuations across birth cohorts for 28 developed countries, we find...
Persistent link: https://www.econbiz.de/10012834990