Showing 1 - 10 of 83
Persistent link: https://www.econbiz.de/10003599283
This paper investigates the relationship linking investment (capital stock) and structural policies. Using a panel of 32 OECD countries from 1985 to 2013, we show that more stringent product and labour market regulations are associated with less investment (lower capital stock). The paper also...
Persistent link: https://www.econbiz.de/10011638226
Should the government run fiscal deficits in response to an adverse external shock that warrants transfer of resources from production of non-traded to traded goods? This paper considers normative fiscal policy implications of sectoral adjustment costs in a two-sector model with overlapping...
Persistent link: https://www.econbiz.de/10011400804
We use a behavioral macroeconomic model to analyze how structural reforms affect the economy in the short and in the long run. We consider two types of structural reforms. The first one increases the flexibility of wages and prices; the second one raises potential output in the economy. We find...
Persistent link: https://www.econbiz.de/10011663556
This paper provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between structural...
Persistent link: https://www.econbiz.de/10011780603
In this paper we examine the empirical relevance of three prominent endogenous protection models. Is protection for sale, or do altruistic policy makers worry about political support? We find strong evidence that protection is indeed for sale. The important new result is, however, that not only...
Persistent link: https://www.econbiz.de/10011397792
just signaling for active involvement in lobbying action, since we find evidence that actual meeting attendance has a …
Persistent link: https://www.econbiz.de/10010361404
Using a model of repeated agency, we explain previously unexplained features of the real-world lobbying industry …. Lobbying is divided between direct representation by special interests to policymakers, and indirect representation where … analytical structure allows us to explain several trends in lobbying. For example, using the observation that in the U.S. over …
Persistent link: https://www.econbiz.de/10011444131
on the influence of lobbying by both national firms and foreign multinationals on trade policies and the gains from …
Persistent link: https://www.econbiz.de/10011482658
We study lobbying behavior by firms in a two-region economy, with either centralized or decentralized provision of … profit-enhancing local public goods. Firms compete either in the market, lobbying for public good provision once entered in a … market, or for the market, lobbying to gain ccess to it. When firms compete in the market, we show that lobbying is …
Persistent link: https://www.econbiz.de/10011509399