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Functionality of fiscal rules in a low interest rate environment : new empirical results for Swiss cantons

Weber, Philipp; Zell, Laura A.; Feld, Lars P.; … - 2024

The zero lower bound era introduced a new perspective on the functionality of fiscal rules. With such low interest rates, the argument goes, extending debt financed public investment spending would be reasonable and thus existing fiscal rules too restrictive. Using data of Swiss cantonal public...

Persistent link: https://www.econbiz.de/10015070087

Structural reforms and income inequality : who benefits from market-oriented reforms?

Gründler, Klaus; Potrafke, Niklas; Wochner, Timo - 2020

We examine how structural reforms relate to income inequality. We employ many indicators of structural reforms and use data for market and net income inequality. The dataset includes up to 135 countries since 1960. The results do not suggest that market-oriented structural reforms were...

Persistent link: https://www.econbiz.de/10012154916

Ideologically-charged terminology : austerity, fiscal consolidation, and sustainable governance

Gründler, Klaus; Potrafke, Niklas - 2019

Scholars have been active in investigating causes and consequences of austerity policies. We examine how economists use the term "austerity" in scientific studies and measure austerity in empirical analyses. The sample includes around 3,500 journal articles published in the top 400 journals...

Persistent link: https://www.econbiz.de/10011997341

Sources of productivity spillovers : panel data evidence from China

Baltagi, Badi H.; Egger, Peter; Kesina, Michaela - 2014

This paper assesses sources of productivity spillovers in China's electric and electronic manufacturing industry using a rich panel data-set of 25,360 firms observed over the period 2004-2007. This industry is characterized by its important reliance on technology. In particular, the paper...

Persistent link: https://www.econbiz.de/10010356360

Firm-level productivity spillovers in China's chemical industry : a spatial Hausman-Taylor approach

Baltagi, Badi H.; Egger, Peter; Kesina, Michaela - 2014

This paper assesses the role of intra-sectoral spillovers in total factor productivity across Chinese producers in the chemical industry. We use a rich panel data-set of 12,552 firms observed over the period 2004 - 2006 and model output by the firm as a function of skilled and unskilled labor,...

Persistent link: https://www.econbiz.de/10010461261

Bringing French public debt down : the options for fiscal consolidation

Égert, Balázs - 2012

France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...

Persistent link: https://www.econbiz.de/10009621744

Landlockedness and economic development : analyzing subnational panel data and exploring mechanisms

Jetter, Michael; Mösle, Saskia; Stadelmann, David - 2017

This paper revisits the hypothesis that landlocked regions are systematically poorer than regions with ocean access, using panel data for 1,527 subnational regions in 83 nations from 1950-2014. This data structure allows us to exploit within-country-time variation only (e.g., regional variation...

Persistent link: https://www.econbiz.de/10011750132

How efficient is the East German economy? : an exploration with micro data

Funke, Michael; Rahn, Jörg - 2000

The purpose of this paper is to evaluate the efficiency of the East German economy at the firm level using an unbalanced panel over the transition period 1994 to 1998. We adopt a translog stochastic frontier model to estimate technical efficiency in eastern and western Germany. The results...

Persistent link: https://www.econbiz.de/10009780206

Productivity differences in OECD countries

Pascual, Antonio I. Garcia - 2000

This paper investigates cross-country productivity convergence at a sectoral level using multivariate unit-root tests … data. Third, when the null hypothesis of non convergence is rejected, a second test determines the number of converging … countries. Based on a sample of thirteen OECD countries our results show evidence of convergence in three out of six sectors …

Persistent link: https://www.econbiz.de/10009781595

On the conditional effects of IMF program participation on output growth

Binder, Michael; Bluhm, Marcel - 2010

The empirical evidence currently available in the literature regarding the effects of a country's IMF program participation on its output growth is rather mixed. To shed new evidence on this issue, in this paper we specify a state-dependent panel data model accounting in particular for program...

Persistent link: https://www.econbiz.de/10008696785