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A comparative view on the tax performance of developing countries: Regional patterns, non-tax revenue and governance

Ivanyna, Maksym; von Haldenwang, Christian - 2012

public tasks. But not all countries with a low tax ratio automatically fall into this cat-egory. This paper presents an … influencing factors, such as regional patterns, non-tax revenue and governance. Findings on individual countries or groups of … countries should put governments, donors and international organisations in a better position to decide on tax reform programmes …

Persistent link: https://www.econbiz.de/10010307968

Testing for unit roots with cointegrated data

Reed, W. Robert - 2015

This paper demonstrates that unit root tests can suffer from inflated Type I error rates when data are cointegrated. Results from Monte Carlo simulations show that three commonly used unit root tests - the ADF, Phillips-Perron, and DF-GLS tests - frequently overreject the true null of a unit...

Persistent link: https://www.econbiz.de/10011307505

Market dynamics when participants rely on relative valuation

Lavelle, Sean - 2016

Relative-valuation is a technique whereby financial analysts estimate the value of an asset by comparing it to its peers. The author formalizes the decision-making structure of a relativevaluation strategy and simulate a market defined by its use. He finds that when the distribution of peer...

Persistent link: https://www.econbiz.de/10011549848

Bootstrap methods for inference in the Parks model

Moundigbaye, Mantobaye; Messemer, Clarisse; Parks, … - 2019

This paper shows how to bootstrap hypothesis tests in the context of the Parks (Efficient estimation of a system of regression equations when disturbances are both serially and contemporaneously correlated 1967) estimator. It then demonstrates that the bootstrap outperforms Parks's top...

Persistent link: https://www.econbiz.de/10012020272

An equilibrium displacement approach to analyzing the effects of tariff reduction on farmers' profits: The Korea-Chile FTA's effects on Korean grape producers

Ahn, Byeong-il; Im, Jeong-bin - 2016

The present study develops an equilibrium displacement model (EDM) to evaluate the impacts of a free trade agreement (FTA) on the profits of individual farmers. The parameters representing the share of profit within revenue and the elasticity of cost with respect to quantity in the cost function...

Persistent link: https://www.econbiz.de/10011437592

An estimation of worker and firm effects with censored data

González de San Román, Ainara; Rebollo-Sanz, Yolanda F. - 2014

In this paper, the authors develop a new estimation method that is suitable for censored models with two high-dimensional fixed effects and that is based on a sequence of least squares regressions, yielding significant savings in computing time and hence making it applicable to frameworks in...

Persistent link: https://www.econbiz.de/10010369568

Algorithm for identifying systemically important banks in payment systems

Soramäki, Kimmo; Cook, Samantha - 2012

The ability to accurately estimate the extent to which the failure of a bank disrupts the financial system is very valuable for regulators of the financial system. One important part of the financial system is the interbank payment system. This paper develops a robust measure, SinkRank, that...

Persistent link: https://www.econbiz.de/10010310152