Showing 1 - 10 of 248
I investigate the aggregate effects of R&D tax credits in the US. Because it subsidizes R&D activity and because credit rates vary between states, this policy has both spatial and dynamic effects on the economy. To address this issue, I construct an endogenous growth model with spatial...
Persistent link: https://www.econbiz.de/10015060293
euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area …
Persistent link: https://www.econbiz.de/10009622526
The introduction of the euro generated substantial interest in measuring the impact of currency unions (CUs) on trade flows. Rose's (2000) initial estimates suggested a tripling of trade and created a literature in search of ""more reasonable"" CU effects. A recent meta-analysis of this...
Persistent link: https://www.econbiz.de/10012677842
This paper provides a general equilibrium analysis of the trade effects of the formation of a currency union, and of its subsequent enlargement to include an economically dissimilar country. Furthermore, it investigates how economic dissimilarities among countries affect the magnitude of the...
Persistent link: https://www.econbiz.de/10012677679
Persistent link: https://www.econbiz.de/10012691086
wide class of small open economy models that feature sector-level gravity in trade flows, which allows us to measure …
Persistent link: https://www.econbiz.de/10015058607
An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study models the impact of such a potential opening by estimating a counterfactual that captures the current bilateral restriction on tourism between the two countries. After controlling...
Persistent link: https://www.econbiz.de/10014409021
In this paper we estimate gravity models to see whether trade volumes of countries in the MENA region are significantly … show that the variables used in standard gravity models cannot explain a significant part of MENA's trade performance …, particularly on exports. We then go on to 'augment' the standard gravity model with relevant variables from the World Bank …
Persistent link: https://www.econbiz.de/10008519501
It is generally acknowledged that the government's output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government...
Persistent link: https://www.econbiz.de/10009620981
There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer life much more than material happiness, the world living standards may this have already converged substantially. This paper introduces the concept of the dynastic general...
Persistent link: https://www.econbiz.de/10012677614