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Assessing the Macroeconomic Forecasting Performance of Boosting - Evidence for the United States, the Euro Area, and Germany
Buchen, Teresa - 2013
The use of large datasets for macroeconomic forecasting has received a great deal of interest recently. Boosting is one possible method of using high-dimensional data for this purpose. It is a stage-wise additive modelling procedure, which, in a linear specification, becomes a variable selection...
Persistent link: https://www.econbiz.de/10013085278
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Why Do Europeans Work Less than Americans? Public Consumption and Welfare Benefits as a Cause of the North-Atlantic Divide
Hall, Axel - 2015
We propose an explanation of why Europeans choose to work fewer hours than Americans and also suffer higher rates of unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries reduce, ceteris paribus, the gains from being...
Persistent link: https://www.econbiz.de/10013024685
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Automatic Stabilizers and Economic Crisis : US vs. Europe
Dolls, Mathias - 2010
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10013149370
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Engineering Growth : Innovative Capacity and Development in the Americas
Maloney, William F.; Valencia Caicedo, Felipe - 2021
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...
Persistent link: https://www.econbiz.de/10013315467
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Is it Just Luring Reported Profit? The Case of European Patent Boxes
Koethenbuerger, Marko - 2018
Patent box regimes have become increasingly popular as an instrument to attract taxable income from intellectual … property (IP). This paper assesses the quantitative impact of patent box regimes on profit shifting by multinational … enterprises (MNEs). We proxy the ability to access the tax benefit of the patent box by historical IP ownership. On average …
Persistent link: https://www.econbiz.de/10012915086
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Subsidizing National Champions : An Evolutionary Perspective
Aubert, Cecile - 2008
A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...
Persistent link: https://www.econbiz.de/10012770493
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Policy Innovations, Political Preferences, and Cartel Prosecutions
Ghosal, Vivek - 2015
penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …
Persistent link: https://www.econbiz.de/10013012564
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Subjective Well-Being, Income, Economic Development and Growth
Sacks, Daniel W. - 2011
We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...
Persistent link: https://www.econbiz.de/10013132796
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Will Women Save More than Men? A Theoretical Model of Savings and Marriage
Grossbard, Shoshana Amyra - 2010
This paper presents an inter-temporal model of individual behavior with uncertainty about marriage and divorce and which accommodates the possible presence of economies or diseconomies of scale from marriage. We show that a scenario of higher marriage rates and higher divorce rates will be...
Persistent link: https://www.econbiz.de/10013139496
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Labor Market Policy : A Comparative View on the Costs and Benefits of Labor Market Flexibility
Kahn, Lawrence M. - 2010
I review theories and evidence on labor market policies and institutions in an international context. These include collective bargaining, minimum wages, employment protection laws, unemployment insurance (UI), mandated parental leave, and active labor market policies. Scandinavia and Central...
Persistent link: https://www.econbiz.de/10013139655