Showing 1 - 10 of 49
The impact of EU Cohesion Policy has mainly been evaluated with regard to its growth effects. We extend the perspective … by investigating the impact of EU Cohesion Policy on public investments and budget deficits in order to learn more about … the channels through which this policy field works. Using a dataset of 27 EU countries for the time period 1982-2006, we …
Persistent link: https://www.econbiz.de/10003881346
Cross-border private equity deals have increased substantially in recent years. This study looks at the issue of how European investors view their local counterparts in the portfolio companies’ home countries. If they regard them as rivals, they will target countries that lack a private equity...
Persistent link: https://www.econbiz.de/10003404754
This paper studies the effects of political factors, mainly partisanship, on corporate taxes in the past 30 years – a period of intensifying competitive pressure in Europe. Extending the Zodrow-Mieszkowski model by decision-makers who have ideological preferences yields the hypothesis that...
Persistent link: https://www.econbiz.de/10003914213
In this paper, we analyze whether the domiciliation decision of mutual funds has an impact on fund fees. To explain the fee price-setting of mutual funds, we consider characteristics specific to funds, fund companies, and countries. We find that fees vary considerably across fund types and...
Persistent link: https://www.econbiz.de/10009510386
This study analyses the financial well-being of elderly people across Europe. Using the European microsimulation model EUROMOD, which facilitates the identification of minimum pension schemes in a comparable way across countries, we show the extent to which these schemes serve to reduce the risk...
Persistent link: https://www.econbiz.de/10009487506
whether the decline in corporate tax levels in Europe is mainly driven by tax competition between EU member states or by …
Persistent link: https://www.econbiz.de/10011391793
In the last two decades, airline alliances were not only successful in extending the size of their networks, but also received approvals by public authorities to intensify their cooperation through to merger-like revenue-sharing joint ventures (JVs). We empirically investigate the impact of the...
Persistent link: https://www.econbiz.de/10011316436
This paper examines how foreign-owned and domestically owned firms transform innovation into employment growth. The empirical analysis, based on the model of Harrison, Jaumandreu, Mairesse and Peters (2008) and CIS data for 16 countries, reveals important differences between the two groups: Due...
Persistent link: https://www.econbiz.de/10009732768
There is a growing empirical literature studying whether fiscal rules reduce borrowing costs. Nevertheless, it remains an open question whether these rules are effective genuinely or just because they mirror fiscal preferences of politicians and voters. In our analysis of European bond spreads,...
Persistent link: https://www.econbiz.de/10009721879
The 2008-09 crisis has shown that some euro area member countries were unable to sufficiently stabilize their economies which has given rise to a debate about deeper fiscal integration in Europe. In this paper, we analyze the redistributive and stabilizing effects of two scenarios of fiscal...
Persistent link: https://www.econbiz.de/10010234019