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In this paper we present a new database that allows deep industry-level growth accounting from 1991-2003. The database allows for the first complete analysis of the German industry performance drivers based on the contributions of 12 asset types in 52 different industries. The industry sources...
Persistent link: https://www.econbiz.de/10012777641
view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to …
Persistent link: https://www.econbiz.de/10012777642
results suggest that the correlation between investment and savings depends on institutions, exchange rate risk and credit …
Persistent link: https://www.econbiz.de/10013028896
tax collection and exogenously given public spending and initial debt. We ask whether the externalizes associated with an …
Persistent link: https://www.econbiz.de/10013124182
economy that lacks access to cheaper capital goods. In the long run, the investment rate in the open economy is twice as high …
Persistent link: https://www.econbiz.de/10013075128
We construct an overlapping generations model for the small open economy which incorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...
Persistent link: https://www.econbiz.de/10012779815
We construct a perfectly competitive general equilibrium model of two large and symmetric countries producing tradable commodities and a public consumption good. Destination or origin-based taxes are levied on the consumption of the tradable goods. In both countries, an institutional minimum...
Persistent link: https://www.econbiz.de/10013011435
exhaustible resource exploited by far-sighted firms. It is shown that border tax adjustments can lead to a green paradox outcome …
Persistent link: https://www.econbiz.de/10013057650
income. While tax competition limits the extent to which redistribution is possible — as compared to the closed …
Persistent link: https://www.econbiz.de/10013021415
improving by using a redistributive linear income tax if redistribution is initially not too large. We finally derive the …
Persistent link: https://www.econbiz.de/10013316451