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Labour Market Institutions and Unemployment- An International Comparison

Flaig, Gebhard - 2011

This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the … of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous … effects of institutions on unemployment. Our main results are that on the average a tighter employment protection, a higher …

Persistent link: https://www.econbiz.de/10013120904

Robust Determinants of the Shadow Economy : An International Comparison

Goel, Rajeev K. - 2016

To synthesize the literature on determinants of the shadow economy, this paper uses three cross-national shadow economy measures and employs numerous determinants over hundreds of model combinations to identify robust determinants of the shadow economy and address modeling uncertainty. We find...

Persistent link: https://www.econbiz.de/10012992010

The Impact of Creditor Protection on Stock Prices in the Presence of Liquidity Crises : Theory and Cross-Country Evidence

Hale, Galina - 2013

We develop a model predicting two channels through which creditor protection enhances the performance of stock prices: the probability of a liquidity crisis leading to a binding investment-finance constraint falls with a strong protection of creditors; the stock prices under the...

Persistent link: https://www.econbiz.de/10013091211

Human Capital and the Feldstein-Horioka Puzzle

Katsimi, Margarita - 2007

In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change

Persistent link: https://www.econbiz.de/10012777642

Unraveling the Fortunates of the Fortunate : An Iterative Bayesian Model Averaging (IBMA) Approach

Eicher, Theo S. - 2007

We investigate country heterogeneity in cross-country growth regressions. In contrast to the previous literature that focuses on low-income countries, this study also highlights growth determinants in high-income (OECD) countries. We introduce Iterative Bayesian Model Averaging (IBMA) to address...

Persistent link: https://www.econbiz.de/10012777687

Shadow Economies Around the World : New Results for 158 Countries Over 1991-2015

Medina, Leandro - 2017

Using the MIMIC method, this paper is a first attempt to estimate the size of the shadow economy of 158 countries over the period 1991 up to 2015. In addition to performing a variety of robustness tests, this paper explicitly addresses endogeneity concerns to the use of GDP as cause and...

Persistent link: https://www.econbiz.de/10012956708

Diasporas

Beine, Michel A. R. - 2009

Migration flows are shaped by a complex combination of self-selection and out-selection mechanisms. In this paper, we analyze how existing diasporas (the stock of people born in a country and living in an another one) affect the size and human-capital structure of current migration flows. Our...

Persistent link: https://www.econbiz.de/10012763995

What Drives Corporate Tax Rates Down? A Reassessment of Globalization, Tax Competition, and Dynamic Adjustment to Shocks

Overesch, Michael - 2009

We reassess the driving forces behind the recent decline of corporate tax rates in Europe. Using data for up to 32 countries from 1983 to 2006, we analyze the role of economic and financial openness as well as tax competition while allowing for dynamic adjustment to shocks and period-specific as...

Persistent link: https://www.econbiz.de/10012765039

Does a Generous Welfare State Crowd Out Student Achievement? Panel Data Evidence from International Student Tests

Falch, Torberg - 2008

Student achievement has been identified as important contributor to economic growth. This paper investigates the relationship between redistributive government activities and investment in human capital measured by student performance in international comparative tests in Mathematics and Science...

Persistent link: https://www.econbiz.de/10012770446

The Value of Smarter Teachers : International Evidence on Teacher Cognitive Skills and Student Performance

Hanushek, Eric A. - 2016

International differences in teacher quality are commonly hypothesized to be a key determinant of the large international student performance gaps, but lack of consistent quality measures has precluded testing this. Using unique assessment data, we construct country-level measures of teacher...

Persistent link: https://www.econbiz.de/10013005432