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Aggregate Multi-Factor Productivity : Measurement Issues in OECD Countries
Égert, Balázs - 2018
This paper analyses for 34 OECD countries the extent to which the calculation of aggregate multi-factor productivity …
Persistent link: https://www.econbiz.de/10012920760
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The Quantification of Structural Reforms : Extending the Framework to Emerging Market Economies
Égert, Balázs - 2018
This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by...
Persistent link: https://www.econbiz.de/10012920765
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The Efficiency of Educational Production : A Comparison of the Nordic Countries with Other OECD Countries
Bogetoft, Peter - 2015
Focusing in particular on upper secondary education, this paper examines whether the relatively high level of expenditure on education in the Nordic countries is matched by high output from the educational sector, both in terms of student enrolment and indicators of output quality in the form of...
Persistent link: https://www.econbiz.de/10013013696
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Demographic Structure and Macroeconomic Trends
Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2021
The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10013315503
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Ageing and Productivity Growth : Are There Macro-Level Cohort Effects of Human Capital?
Werding, Martin - 2021
demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …
Persistent link: https://www.econbiz.de/10013316605
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Forecasting Random Walks Under Drift Instability
Pesaran, M. Hashem - 2011
This paper considers forecast averaging when the same model is used but estimation is carried out over different estimation windows. It develops theoretical results for random walks when their drift and/or volatility are subject to one or more structural breaks. It is shown that compared to...
Persistent link: https://www.econbiz.de/10012756639
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Diasporas
Beine, Michel A. R. - 2009
Migration flows are shaped by a complex combination of self-selection and out-selection mechanisms. In this paper, we analyze how existing diasporas (the stock of people born in a country and living in an another one) affect the size and human-capital structure of current migration flows. Our...
Persistent link: https://www.econbiz.de/10012763995
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What Drives Corporate Tax Rates Down? A Reassessment of Globalization, Tax Competition, and Dynamic Adjustment to Shocks
Overesch, Michael - 2009
We reassess the driving forces behind the recent decline of corporate tax rates in Europe. Using data for up to 32 countries from 1983 to 2006, we analyze the role of economic and financial openness as well as tax competition while allowing for dynamic adjustment to shocks and period-specific as...
Persistent link: https://www.econbiz.de/10012765039
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Corporate Tax Competition and the Decline of Public Investment
Gomes, Pedro - 2008
The government's choices of the corporate tax rate and public investment are interdependent. In particular, they both respond positively to the other. Therefore, international tax competition not only drives corporate tax rates to lower levels but might also affect negatively the stock of public...
Persistent link: https://www.econbiz.de/10012770445
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Does a Generous Welfare State Crowd Out Student Achievement? Panel Data Evidence from International Student Tests
Falch, Torberg - 2008
Student achievement has been identified as important contributor to economic growth. This paper investigates the relationship between redistributive government activities and investment in human capital measured by student performance in international comparative tests in Mathematics and Science...
Persistent link: https://www.econbiz.de/10012770446