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Corporate tax competition and the decline of public investment

Gomes, Pedro; Pouget, Francois - 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...

Persistent link: https://www.econbiz.de/10011604974

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

Fiscal discipline and the cost of public dept service: some estiames for OECD countries

Ardagna, Silvia; Caselli, Francesco; Lane, Timothy - 2004

We use a panel of 16 OECD countries over several decades to investigate the effects of government debts and deficits on long-term interest rates. In simple static specifications, a one-percentage-point increase in the primary deficit relative to GDP increases contemporaneous long-term interest...

Persistent link: https://www.econbiz.de/10011604457

Productivity shocks, budget deficits and the current account

Bussière, Matthieu; Fratzscher, Marcel; Müller, Gernot J. - 2005

Currently the U.S. is experiencing record budget and current account deficits, a phenomenon familiar from the "Twin Deficits" discussion of the 1980s. In contrast, during the 1990s productivity growth has been identified as the primary cause of the US current account deficit. We suggest a...

Persistent link: https://www.econbiz.de/10011604555