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We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian … random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …
Persistent link: https://www.econbiz.de/10012979540
’s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm’s value due to profit sharing, linking this reduction to the …
Persistent link: https://www.econbiz.de/10005405789
The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10013142140
We borrow standard assumptions from the non-renewable-resource-taxation and from the directed-technical-change literatures, to take a full account of the incentives to perform R&D activities in a dirty-resource sector and in a clean-resource-substitute sector. We show that a gradual rise in the...
Persistent link: https://www.econbiz.de/10013063394
subsequent fierce competition between resource extraction countries to attract scarce investment. This situation is not …
Persistent link: https://www.econbiz.de/10012958877
, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We … optimal policy involves cutting distortionary taxation in order to raise investment and wages; and where Ricardian consumers … investment in infrastructure …
Persistent link: https://www.econbiz.de/10012764524
Analyzing a homogenous household setting with endogenous fertility and endogenous labor supply, we demonstrate that moving from joint taxation to individual taxation and adapting child benefits so as to keep fertility constant entails a Pareto improvement. The change is associated with an...
Persistent link: https://www.econbiz.de/10012768348
imposing negative value-added taxes (subsidy) or positive specific taxes …
Persistent link: https://www.econbiz.de/10012772273
awards, together with a mix of taxes on parental income, and on the return to educational investment. It also makes school …
Persistent link: https://www.econbiz.de/10013142234
investment in which the government has access to labor taxation, education subsidies and capital taxation. Social insurance is …
Persistent link: https://www.econbiz.de/10013316119