Showing 1 - 10 of 65
takles the extremely important task of identifying and estimating a "production function" of innovation for European regions … European regions' innovative activity is better represented by a model as Jones (1995) than by one as Romer (1990). Knowledge … spillovers could be due to the similar technological specialization of close regions, as we find significant spillovers also in …
Persistent link: https://www.econbiz.de/10005181416
dataset is made of inter-regional tourism flows among Italian regions over the 2000-12 period; across this period, 2008 to …
Persistent link: https://www.econbiz.de/10011202961
Most cities enjoy some autonomy over how they tax their residents, and that autonomy is typically exercised by multiple …-OECD countries. We show that most cities are highly fragmented: urban areas with more than 500,000 inhabitants are divided into 74 … local jurisdictions on average. The vast majority of these cities are characterized by a central municipality that strongly …
Persistent link: https://www.econbiz.de/10010889985
substantial natural resource exports. Countries also attract more FDI if they have more medium-sized cities and primacy is not too … suffer from primacy. However, FDI is attracted if surrounding countries have fewer cities, restrictions on international … trade and low market potential (income per capita). We tentatively conclude that cities are important drivers of FDI and …
Persistent link: https://www.econbiz.de/10005765950
We propose a theory of skill mobility across cities. It predicts the well documented city size-wage premium: the wage … distribution in large cities first-order stochastically dominates that in small cities. Yet, because this premium is reflected in … skilled disproportionately sort into the biggest cities, while those with medium skill levels sort into small cities. The …
Persistent link: https://www.econbiz.de/10008799725
This paper investigates the consequences of a series of alternative international tax designs on the strategy of a multinational enterprise regarding the cross border distribution of its investment and the choice of its financing behavior. We start with a world where no international tax rules...
Persistent link: https://www.econbiz.de/10013104836
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10013158910
Thin capitalization rules have become an important element in the corporate tax systems of developed countries. This paper sets up a model where national and multinational firms choose tax-efficient financial structures and countries compete for multinational firms through statutory tax rates...
Persistent link: https://www.econbiz.de/10012769702
Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding … lending in an economic downturn is strongest for smaller and more opaque firms and in regions where the downturn is more …
Persistent link: https://www.econbiz.de/10013050469
This paper examines the heterogeneity in the public financing of long-term care (LTC), and the wide-ranging instruments in place to finance long-term care services. We distinguish and classify the institutional responses to the need for LTC financing as ex-ante (occurring prior to when the need...
Persistent link: https://www.econbiz.de/10013040003