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Taxation, Industry Integration and Production Efficiency

Moriconi, Simone - 2016

economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate … production units. The present paper investigates the effects of taxation on production efficiency, accounting for the … effect of this "tax induced organizational change" on production efficiency ultimately depends on the characteristics of the …

Persistent link: https://www.econbiz.de/10012984733

Production Technologies in Stochastic Continuous Time Models

Wälde, Klaus - 2009

Properties of dynamic stochastic general equilibrium models can be revealed by either using numerical solutions or qualitative analysis. Very precise and intuition-building results are obtained by working with models which provide closed-form solutions. Closed-form solutions are known for a...

Persistent link: https://www.econbiz.de/10013155278

Income Taxation, Tuition Subsidies, and Choice of Occupation : Implications for Production Efficiency

Bjertnæs, Geir H. - 2006

The desirability for production efficiency is re-examined in this study, where agents choose occupation based on … lifetime income net of tuition costs. Efficient revenue raising implies that the government should trade off efficiency in … production for efficiency in intertemporal consumption, as capital income is taxed in optimum. The subsequent wage difference …

Persistent link: https://www.econbiz.de/10012783359

Essential Inputs and Unbounded Output : An Alternative Characterization of the Neoclassical Production Function

Irmen, Andreas - 2015

intuitive appeal of the latter feature, we conclude that the neoclassical growth model is a theory of eventual stagnation …

Persistent link: https://www.econbiz.de/10013030479

The Internationalisation of R&D and the Knowledge Production Function

Garcia-Vega, Maria; Hofmann, Patricia; Kneller, Richard - 2021

This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between acquisitions by MNEs from technologically leading countries and those behind the technological frontier. We show that both acquire similarly R&D intensive domestic firms, but there are...

Persistent link: https://www.econbiz.de/10013315933

The Determinants of Economic Growth in European Regions

Cuaresma, Jesús Crespo - 2009

We use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economic growth in a new dataset of 255 European regions in the 1995-2005 period. We use three different specifications based on (1) the cross-section of regions, (2) the cross-section of regions with country...

Persistent link: https://www.econbiz.de/10012765299

Assessing Forecast Uncertainties in a VECX Model for Switzerland : An Exercise in Forecast Combination Across Models and Observation Windows

Assenmacher, Katrin - 2009

We investigate the effect of forecast uncertainty in a cointegrating vector error correction model for Switzerland. Forecast uncertainty is evaluated in three different dimensions. First, we investigate the effect on forecasting performance of averaging over forecasts from different models....

Persistent link: https://www.econbiz.de/10012766904

Structural Interpretation of Vecor Autoregressions with Incomplete Identification : Revisiting the Role of Oil Supply and Demand Shocks

Baumeister, Christiane - 2018

Traditional approaches to structural vector autoregressions can be viewed as special cases of Bayesian inference arising from very strong prior beliefs. These methods can be generalized with a less restrictive formulation that incorporates uncertainty about the identifying assumptions...

Persistent link: https://www.econbiz.de/10012926556

Inference in Structural Vector Autoregressions When the Identifying Assumptions are Not Fully Believed : Re-Evaluating the Role of Monetary Policy in Economic Fluctuations

Baumeister, Christiane - 2018

Reporting point estimates and error bands for structural vector autoregressions that are only set identified is a very common practice. However, unless the researcher is persuaded on the basis of prior information that some parameter values are more plausible than others, this common practice...

Persistent link: https://www.econbiz.de/10012915503

Contagious Exporting and Foreign Ownership : Evidence from Firms in Shanghai Using a Bayesian Spatial Bivariate Probit Model

Baltagi, Badi H. - 2018

Whether a firm is able to attract foreign capital and whether it may participate at the export market depends on whether the fixed costs associated with doing so are at least covered by the incremental operating profits. This paper provides evidence that success for some firms in attracting...

Persistent link: https://www.econbiz.de/10012916953

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