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Corporate Tax Competition and the Decline of Public Investment

Gomes, Pedro - 2008

The government's choices of the corporate tax rate and public investment are interdependent. In particular, they both respond positively to the other. Therefore, international tax competition not only drives corporate tax rates to lower levels but might also affect negatively the stock of public...

Persistent link: https://www.econbiz.de/10012770741

Potential Output Growth in Several Industrialised Countries : A Comparison

Cahn, Christophe; Saint Guilhem, Arthur - 2021

In this paper, we present international comparisons of potential output growth among several economies - Canada, the Euro area, France, Germany, Italy, Japan, the Netherlands, the United Kingdom, and the United States - for the period 1991-2004. The main estimates rely on a structural approach...

Persistent link: https://www.econbiz.de/10013316775

Does Human Capital Matter for Growth in OECD Countries? : Evidence from Pooled Mean-Group Estimates

Bassanini, Andrea - 2001

convergence to the steady state of around 15 per cent per year. Taken together these results are not consistent with the human …

Persistent link: https://www.econbiz.de/10012444192

Product Market Regulation : Extending the Analysis Beyond OECD Countries

Wölfl, Anita; Wanner, Isabelle; Röhn, Oliver; … - 2010

In this paper the recently updated product market regulation (PMR) indicators are extended to a larger set of countries including several non-OECD members. It investigates regulatory patterns in this extended set of countries as compared to the OECD countries and analyses the link between...

Persistent link: https://www.econbiz.de/10012446222

Regulation, Competition and Productivity Convergence

Conway, Paul; de Rosa, Donato; Nicoletti, Giuseppe; … - 2006

This paper investigates the effect of product market regulations on the international diffusion of productivity shocks. The empirical results indicate that restrictive product market regulations slow the process of adjustment through which best practice production techniques diffuse across...

Persistent link: https://www.econbiz.de/10012446836

Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries

Arnold, Jens - 2007

convergence and short term dynamics to vary across countries. While there are indeed good reasons to believe in common long … direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries …, standard dynamic fixed effect specifications, by imposing cross-country homogeneity restrictions on speed of convergence and …

Persistent link: https://www.econbiz.de/10012446905

Have Developed Countries Escaped the Curse of Distance?

Boulhol, Hervé - 2008

There is widespread evidence that a better access to markets contributes to raising income levels. However, no quantification of the impact of distance to markets has been made on the basis of a sample restricted to advanced — and therefore more homogeneous — countries. This paper applies...

Persistent link: https://www.econbiz.de/10012444892

Public and Private Sector Wages Interactions in a General Equilibrium Model

Fernandez de Cordoba, Gonzalo - 2012

This paper develops a dynamic general equilibrium model in which the public and the private sector interact in the labor market. Previous studies that analyze the labor market effects of public sector employment and wages have mostly assumed exogenous rules for public wage and public employment....

Persistent link: https://www.econbiz.de/10013116749

Revisiting Fiscal Sustainability : Panel Cointegration and Structural Breaks in OECD Countries

Afonso, António - 2012

We assess the sustainability of public finances in OECD countries, over the period 1970-2010, using unit root and cointegration analysis, both country and panel based, controlling for endogenous breaks. Results notably show: lack of cointegration – absence of sustainability – between...

Persistent link: https://www.econbiz.de/10013102099

Fiscal Rules, Fiscal Space and Procyclical Fiscal Policy

Nerlich, Carolin - 2019

In this paper we analyse the interaction of fiscal rules and fiscal space. We find strong evidence for fiscal rules being associated with higher fiscal space. Furthermore, the analysis shows that countries with more fiscal space tend to have higher discretionary expenditures, but that this...

Persistent link: https://www.econbiz.de/10012867815