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Estimating Border Effects : The Impact of Spatial Aggregation
Coughlin, Cletus C. - 2016
this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which … on border effects in domestic and international trade. Our theory shows that larger countries are systematically …. Even if no border frictions exist at the micro level, gravity estimation on aggregate data can still produce large border …
Persistent link: https://www.econbiz.de/10012991938
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Search Costs and Corporate Income Tax Competition
Konrad, Kai A. - 2010
This paper studies corporate tax competition if it is costly to learn some of the elements that determine the effective tax burden. Search cost may, but need not, eliminate the tax competition pressure. The outcome depends on the boundaries of tax rate and tax base choices. Search cost can...
Persistent link: https://www.econbiz.de/10013136588
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Fiscal Policy, Monopolistic Competition, and Finite Lives
Heijdra, Ben J. - 2006
The paper studies the short-run, transitional, and long-run output effects of permanent and temporary shocks in public consumption under various financing methods. To this end, a dynamic macroeconomic model for a closed economy is developed, which features a perfectly competitive final goods...
Persistent link: https://www.econbiz.de/10012783358
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Greasing the Wheels of International Commerce : How Services Facilitate Firm's International Sourcing
Debaere, Peter; Görg, Holger; Raff, Horst - 2021
We use unique plant-level data to study the link between the local availability of services and the decision of … international sourcing of materials depends on a firm’s productivity and the availability of local services. These predictions are … materials to sales. In addition, we find evidence that services grease the wheels of international commerce: A greater …
Persistent link: https://www.econbiz.de/10013316255
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The Transitional Dynamics of Fiscal Policy in Small Open Economies
Heijdra, Ben J.; Ligthart, Jenny E. - 2021
The paper studies the dynamic macroeconomic effects of fiscal shocks of various duration (permanent and temporary) under different financing methods (lump-sum tax and government debt). To this end, we develop an intertemporal macroeconomic model for a small open economy, featuring monopolistic...
Persistent link: https://www.econbiz.de/10013317489
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How Much Do Means-Tested Benefits Reduce the Demand for Annuities?
Butler, Monika - 2011
We analyze the effect of means-tested benefits on annuitization decisions. Most industrialized countries provide a subsistence level consumption floor in old age, usually in the form of means-tested benefits. The availability of such means-tested payments creates an incentive to cash out...
Persistent link: https://www.econbiz.de/10013123214
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The Golden Hello and Political Transitions
Aidt, Toke Skovsgaard - 2012
have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …
Persistent link: https://www.econbiz.de/10013099239
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The Effect of Child Care on Family Structure : Theory and Evidence
Bauernschuster, Stefan - 2012
This paper studies the effect of child care provision on family structure. We present a model of a marriage market with positive assortative matching, where in equilibrium the poorest women stay single. Couples have to decide on the number of children and spousal specialization in home...
Persistent link: https://www.econbiz.de/10013108093
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Exchange Rate Expectations of Chartists and Fundamentalists
Dick, Christian David - 2013
This paper provides novel evidence on exchange rate expectations of both chartists and fundamentalists separately. These groups indeed form expectations differently. Chartists change their expectations more often; however, all professionals' expectations vary considerably as they generally...
Persistent link: https://www.econbiz.de/10013083266
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Measuring Strategic Firm Interaction in Product-Quality Choices : The Case of Airline Flight Frequency
Brueckner, Jan K. - 2013
This paper investigates strategic interaction among airlines in product-quality choices. Using an instrumental variables approach, the paper estimates flight-frequency reaction functions, which relate an airline's frequency on a route to its own characteristics and to the frequencies of...
Persistent link: https://www.econbiz.de/10013088139