Showing 1 - 10 of 475
countries is mostly a characteristic of regions in old EU member states. We also find robust evidence of positive growth of …
Persistent link: https://www.econbiz.de/10012765299
countries is mostly a characteristic of regions in old EU member states. We also find robust evidence of positive growth of …
Persistent link: https://www.econbiz.de/10005094484
This paper considers spatial autoregressive panel data models and extends their analysis to the case where the spatial coefficients differ across the spatial units. It derives conditions under which the spatial coefficients are identified and develops a quasi maximum likelihood (QML) estimation...
Persistent link: https://www.econbiz.de/10013019407
(NMS) and six advanced EU-15 economies. It is found that the second stage of the hypothesis, which relates relative sector … tradable goods. In the EU-15, the explanatory factor is segmentation between national markets of tradables, caused by …
Persistent link: https://www.econbiz.de/10012754035
This paper proposes new metrics for the process of price discovery on the main electronic trading platform for euro - denominated government securities. Analyzing price data on daily transactions for 107 bonds over a period of twenty - seven months, we find a greater degree of price leadership...
Persistent link: https://www.econbiz.de/10013092631
This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...
Persistent link: https://www.econbiz.de/10013158386
The European Union (EU) provides grants to disadvantaged regions of member states to allow them to catch up with the EU … average. Under the Objective 1 scheme, NUTS2 regions with a GDP per capita level below 75% of the EU average qualify for … structural funds transfers from the central EU budget. This rule gives rise to a regression-discontinuity design that exploits …
Persistent link: https://www.econbiz.de/10012765692
Fertility has long been declining in industrialised countries and the existence of public pension systems is considered as one of the causes. This paper is the first to provide detailed evidence based on historical data on the mechanism by which a public pension system depresses fertility. Our...
Persistent link: https://www.econbiz.de/10013315719
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...
Persistent link: https://www.econbiz.de/10012915086
Nearly 75 years ago, John Hicks introduced and formalized the concept of the elasticity of substitution between capital and labour and its relation to derived demand. The resulting formula has proven very useful in understanding the derived demand for productive factors, the distribution of...
Persistent link: https://www.econbiz.de/10012779812