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Constructing BEA highways and streets net wealth stocks with detailed types of investment and engineering-based estimates of depreciation

Fraumeni, Barbara M.; Kornfeld, Robert - 2024

produce updated estimates of net wealth stocks and depreciation. Major components of highways and streets other than pavement … engineering-based depreciation patterns are very dissimilar to the BEA patterns. The engineering-based net wealth pavement stock … depreciation patterns fall from an efficiency level of about 0.055 to zero after 20 years of life; the BEA Hulten-Wykoff-based net …

Persistent link: https://www.econbiz.de/10014584337

Fiscal competition for imperfectly-mobile labor and capital : a comparative dynamic analysis

Wildasin, David E. - 2009

Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive...

Persistent link: https://www.econbiz.de/10003901986

Electoral rules, political competition and fiscal expenditures : regression discontinuity evidence from Brazilian municipalities

Chamon, Marcos; Mello, Joao M. P. de; Firpo, Sergio - 2009

We exploit a discontinuity in Brazilian municipal election rules to investigate whether political competition has a causal impact on policy choices. In municipalities with less than 200,000 voters mayors are elected with a plurality of the vote. In municipalities with more than 200,000 voters a...

Persistent link: https://www.econbiz.de/10003931974

Fiscal competition and the composition of public spending : theory and evidence

Borck, Rainald (contributor); Caliendo, Marco (contributor); … - 2006

In this paper, we consider fiscal competition between jurisdictions. Capital taxes are used to finance a public input and two public goods, one which benefits mobile skilled workers and one which benefits immobile unskilled workers. We derive the jurisdictions' reaction functions for different...

Persistent link: https://www.econbiz.de/10003497954

Fiscal zoning, sales taxes, and employment : do higher sales taxes lead to more jobs in retailing and fewer jobs in manufacturing?

Burnes, Daria; Neumark, David; White, Michelle J. - 2012

We test the hypothesis that local government officials in jurisdictions that have higher local sales taxes are more likely to use fiscal zoning to attract retailing. We find that total retail employment is not significantly affected by local sales tax rates, but employment in big box and anchor...

Persistent link: https://www.econbiz.de/10009533477

The economics of human cloning

Saint-Paul, Gilles - 2000

In this paper, we analyze the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone?s income can be appropriated by its model. Only people with the highest ability are cloned, while people at...

Persistent link: https://www.econbiz.de/10001545534