Similar Search Results

Expert opinion versus actual transaction evidence in the valuation of non-market amenities

Cotteleer, Geerte; Kooten, G. Cornelis van - In: Economic Modelling 29 (2012) 1, pp. 32-40

Actual property values are overwhelmingly employed as a dependent variable in hedonic pricing models. Yet, assessed property values are generally more readily available than actual sales values and have, in some studies, been used in lieu of market prices. In this study, we compare estimates of...

Persistent link: https://www.econbiz.de/10010599355

Governments under influence: Country interactions in discretionary fiscal policy

Cassette, Aurélie; Creel, Jérôme; Farvaque, Etienne; … - In: Economic Modelling 30 (2013) C, pp. 79-89

We investigate the interactions between countries, and their effect on the discretionary (i.e. the cyclically-adjusted and interest-adjusted) components of national fiscal policies, observing and investigating the parts of public spending and tax receipts over which governments retain full...

Persistent link: https://www.econbiz.de/10010608294

The macroeconomic effects of fiscal policy in a stochastically growing economy

Tamai, Toshiki - In: Economic Modelling 35 (2013) C, pp. 464-471

This paper develops a stochastic model of endogenous growth with productive government expenditure. Herein, we specify the CES production function according to recent empirical evidence. The elasticity of substitution plays a key role in determining macroeconomic performance and the...

Persistent link: https://www.econbiz.de/10010719361

Dynamic relationships between oil revenues, government spending and economic growth in an oil-dependent economy

Hamdi, Helmi; Sbia, Rashid - In: Economic Modelling 35 (2013) C, pp. 118-125

The aim of this paper is to empirically examine the dynamic relationships between oil revenues, government spending and economic growth in the Kingdom of Bahrain. Oil revenues are the main source of financing government expenditures and imports of good and services. Increasing oil prices in the...

Persistent link: https://www.econbiz.de/10010719347

Should the US streamline its tax system? Analysis on an endogenous growth model

Gómez, Manuel A.; Sequeira, Tiago N. - In: Economic Modelling 37 (2014) C, pp. 113-119

We evaluate the growth and welfare effects of budget-neutral reforms in the US tax system. Large gains in welfare and growth could result from adopting a consumption-based tax system. In contrast, significant welfare and growth losses would follow after implementing an income tax-based reform....

Persistent link: https://www.econbiz.de/10011048699

Spatial panel data analysis with feasible GLS techniques: An application to the Chinese real exchange rate

Hall, Stephen G.; Guo, Qian - In: Economic Modelling 29 (2012) 1, pp. 41-47

Recent panel data approaches stress the importance of the location interdependence. Little has been done in the Balassa–Samuelson literature accounting for spatial dependence in the panel data context that allows for spatial autocorrelation. By utilising the recently developed Kapoor et al....

Persistent link: https://www.econbiz.de/10010599352

Guns, highways and economic growth in the United States

Kollias, Christos; Paleologou, Suzanna-Maria - In: Economic Modelling 30 (2013) C, pp. 449-455

Given its significant policy implications, the nexus between public expenditures and economic growth has been the subject of an extensive and often emotive theoretical and empirical debate. The nexus between two types of public expenditures and economic growth is examined in this paper using...

Persistent link: https://www.econbiz.de/10010608277

How can transportation policies affect growth? A theoretical analysis of the long-term effects of alternative mobility systems

Bonatti, Luigi; Campiglio, Emanuele - In: Economic Modelling 31 (2013) C, pp. 528-540

We present an example of how public policies affect the evolution of the economy by influencing consumption habits, life styles and work attitudes. In particular, we show that governments can boost long-run growth by moving public investment away from collective transportation systems and...

Persistent link: https://www.econbiz.de/10010636291

Impact of fiscal policy in an intertemporal CGE model for South Africa

Mabugu, Ramos; Robichaud, Veronique; Maisonnave, Helene; … - In: Economic Modelling 31 (2013) C, pp. 775-782

This paper uses an intertemporal computable general equilibrium model to investigate the consequences of an expansive fiscal policy designed to accelerate economic growth in South Africa. A key contribution is made to existing literature on the transmission mechanism of fiscal policy in African...

Persistent link: https://www.econbiz.de/10010636326

The new evidence to tendency of convergence in Solow model

Chen, Kai; Gong, Xiaoju; Marcus, Richard D. - In: Economic Modelling 41 (2014) C, pp. 263-266

This paper tests the hypothesis in the revised endogenous dynamic Solow model that there exists dynamic convergence to … the moving steady-state as a single economy grows. The convergence in the revised endogenous dynamic Solow model implies …, providing strong evidence to support the dynamic convergence hypothesis. …

Persistent link: https://www.econbiz.de/10010933311