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Brakman, Steven - 2007

A key issue in development economics is the explanation of core-periphery patterns around the world. Combining this issue with that of analyzing unilateral transfers (e.g. foreign aid) points in the direction of the use of New Economic Geography (NEG) models which, so far, has not been done...

Persistent link: https://www.econbiz.de/10012778412

Physiological Constraints and Comparative Economic Development

Dalgaard, Carl‐Johan - 2018

It is a well known fact that economic development and distance to the equator are positively correlated variables in the world today. It is perhaps less well known that as recently as 1500 C.E. it was the other way around. The present paper provides a theory of why the “latitude gradient”...

Persistent link: https://www.econbiz.de/10012927736

Profit Taxation and Finance Constraints

Keuschnigg, Christian - 2010

In the absence of financing frictions, profit taxes reduce investment by their effect on the user cost of capital. With finance constraints due to moral hazard, investment becomes sensitive to cash-flow and own equity of firms. We propose a corporate finance model of investment and derive three...

Persistent link: https://www.econbiz.de/10013148299

Social Capital and the Status Externality

Itaya, Jun-ichi - 2018

This paper investigates how the presence of social capital affects the externality arising from status-seeking preference as a parable for inefficient antagonistic behavior. It is assumed that the stock of social capital is accumulating through joint social interaction between rational...

Persistent link: https://www.econbiz.de/10012927000

External Influence as an Indicator of Scholarly Importance

Chan, Ho Fai - 2013

The external influence of scholarly activity has to date been measured primarily in terms of publications and citations, metrics that also dominate the promotion and grant processes. Yet the array of scholarly activities visible to the outside world are far more extensive and recently developed...

Persistent link: https://www.econbiz.de/10013075968

Divided Government Versus Incumbency Externality Effect - Quasi-Experimental Evidence on Multiple Voting Decisions

Ade, Florian - 2012

This paper explores the interdependency of political institutions from the voter's perspective. Specifically, we are interested in: Does the partisan identity of the mayor influence the voter's decision in the subsequent town council election?; Does this partisan identity influence the vote in...

Persistent link: https://www.econbiz.de/10013112896

Ex-Post Redistribution in a Federation : Implications for Corrective Policy

Koethenbuerger, Marko - 2006

This paper analyzes whether changes in the timing of equalizing transfers to state governments necessitate an adjustment in federal corrective policy. According to the existing literature (assuming an ex-ante choice of transfers), the corrective grant is equal to the marginal damage/benefit...

Persistent link: https://www.econbiz.de/10012779700

Electoral Externalities in Federations - Evidence from German Opinion Polls

Frei, Xenia - 2017

dynamics and vice versa (electoral externalities). We quantify the extent of simultaneous electoral externalities between two … vice versa. Externalities account for around 10% to 30% of variation at the other level of government. The effects differ … across parties. Electoral externalities are less pronounced for the conservative party, but increase in times of government …

Persistent link: https://www.econbiz.de/10012960098

Subsidizing National Champions : An Evolutionary Perspective

Aubert, Cecile - 2008

externalities appear along the lifecycle. In a simple model, we show that it may be efficient to subsidize innovative firms in their … early stages or to protect mature firms from competition to appropriate these externalities. However, non …-benevolent politicians may not choose efficient policies. Real-world examples indicate that politicians tend to concentrate on externalities …

Persistent link: https://www.econbiz.de/10012770493

Endogenous Public Information and Welfare in Market Games

Vives, Xavier - 2016

This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...

Persistent link: https://www.econbiz.de/10013008600