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The elusive banker : using hurricanes to uncover (non-)activity in offshore financial centers
Miethe, Jakob - 2020
This paper studies financial service provision booked through offshore financial centers (OFCs). Based on several novel data sources and recent advances in event study methodology, I exploit the natural experiment of re-occurring hurricanes hitting small islands and compare local reactions to...
Persistent link: https://www.econbiz.de/10012299795
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Long memory in US real output per capita
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2009
This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 - 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...
Persistent link: https://www.econbiz.de/10003850276
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Turkey and the EU : politics and economics of accession
Flam, Harry - 2003
This paper discusses political and economic aspects of Turkish accession. Under present rules, Turkey would have the greatest number of council votes within twenty years, and receive the largest budget transfer. Free migration may increase the Turkish immigrant population in Germany from 2 to...
Persistent link: https://www.econbiz.de/10011506471
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Shedding light on the shadow economy : a global database and the interaction with the official one
Medina, Leandro; Schneider, Friedrich - 2019 - 2nd version
estimating the size of the shadow economy for 157 countries over 1991 to 2017. The results suggest that the OECD countries are by … far the lowest with values below 20% of off official GDP and the shadow economy is larger in Latin America and Sub ….9 %. What is really remarkable, that the average decline of the shadow economy from 1991 to 2017 is 6.8 percentage points. The …
Persistent link: https://www.econbiz.de/10012138830
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Transparency, specialization and FDI
Razin, Asaf; Tsadḳah, Efrayim - 2004
We develop a simple information-based model of FDI flows. On the one hand, the relative abundance of intangible capital in specialized industries in the source countries, which presumably generates expertise in screening investment projects in the host countries, enhances FDI flows. On the other...
Persistent link: https://www.econbiz.de/10011402538
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Boosting tax revenues with mixed-frequency data in the aftermath of Covid-19 : the case of New York
Lahiri, Kajal; Cheng, Yang - 2021
We forecast New York state tax revenues with a mixed-frequency model using a number of machine learning techniques. We found boosting with two dynamic factors extracted from a select list of New York and U.S. leading indicators did best in terms of correctly updating revenues for the fiscal year...
Persistent link: https://www.econbiz.de/10012649777
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Gentrification and affordable housing policies
Borck, Rainald; Gohl, Niklas - 2021
We use a quantitative spatial equilibrium model to evaluate the distributional and welfare impacts of a recent temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in particular the recent gentrification of inner city locations....
Persistent link: https://www.econbiz.de/10012696919
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Does coordination among assessing units generate returns to scale? : evidence from New York State
Hou, Yilin; Kim, Yusun; Yinger, John - 2019
This paper explores (dis-)economies of scale in property value assessment via cooperative agreements among small tax assessing jurisdictions without consolidation. New York State incentivizes small neighboring towns to unify their assessment function while maintaining respective tax authority;...
Persistent link: https://www.econbiz.de/10012120249
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Screening with multitasking
Dinerstein, Michael; Opper, Isaac M. - 2022
What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...
Persistent link: https://www.econbiz.de/10013332099
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Was Germany ever united? : evidence from intra- and international trade 1885 - 1933
Wolf, Nikolaus (contributor) - 2008
integrated economy, both relative to integration across the borders of the German state and in absolute terms. Second, this …
Persistent link: https://www.econbiz.de/10003771795