Showing 1 - 10 of 408
With the rapid expansion of private forest plantations worldwide, their impacts on local development are under scrutiny by NGOs and researchers alike. This study investigates the impacts of private forest plantations on local infrastructure and social services in rural Tanzania. We take a...
Persistent link: https://www.econbiz.de/10012943387
Should public assets such as infrastructure, education, and the environment earn the same return as private investments? We consider if time-inconsistent decision-makers can gain from institutions that enforce cost-benefit rules on large projects that influence the economy as a whole. Long-term...
Persistent link: https://www.econbiz.de/10013093884
A growing literature suggests that office motivated politicians manipulate fiscal policy instruments in order to seek their re-election. This paper investigates the impact of electoral manipulation of the level and composition of fiscal policy on incumbent's re-election prospects. This impact is...
Persistent link: https://www.econbiz.de/10013120568
We identify exogenous variation in incumbent policymakers' re-election probabilities and explore empirically how this variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability leads to higher investments, particularly in the...
Persistent link: https://www.econbiz.de/10013157849
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
We study the impact of heterogeneous saving behavior on the distributional effects of public investment. A capital tax is levied to finance productive public capital in an economy with two types of households: high income households who save dynastically and middle income households who save for...
Persistent link: https://www.econbiz.de/10013055386
China's Hukou system poses severe restrictions on labor mobility. This paper assesses the consequences of relaxing … these restrictions for China's internal economic geography. We base our analysis on a new economic geography model. First …, we obtain estimates of the important model parameters on the basis of information on 264 of China's prefecture cities …
Persistent link: https://www.econbiz.de/10013135264
This article investigates whether China's foreign aid is particularly prone to political capture by political leaders … results show that current political leaders' birth regions receive substantially larger financial flows from China than other …
Persistent link: https://www.econbiz.de/10013018701
The literature on China indicates that the concentration of economic activities in China is less than in other … workers are not able to take full advantage of the benefits from agglomeration economies. China is changing rapidly, however … institutional limitations in China against further agglomeration weaken, and that the consensus in the literature that 'Chinese …
Persistent link: https://www.econbiz.de/10013044595
We investigate the political determinants of risk premiums which sub-national governments in Switzerland have to pay for their sovereign bond emissions. For this purpose we analyse financial market data from 288 tradable cantonal bonds in the period from 1981 to 2007. Our main focus is on two...
Persistent link: https://www.econbiz.de/10013082962