Showing 1 - 9 of 9
The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the period 1991 - 2009, the results suggest that structural...
Persistent link: https://www.econbiz.de/10009621620
Persistent link: https://www.econbiz.de/10009419621
The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open … semi-elasticity of the stock of M and E with respect to the METR is about -0.2, suggesting, for example, that a 5 …
Persistent link: https://www.econbiz.de/10012251411
This paper assesses a possible explanation for the global downward trend in top personal income tax rates over the last decades: globalization and the related tax evasion and avoidance opportunities could have raised elasticities of taxable income, which would imply lower optimal tax rates. The...
Persistent link: https://www.econbiz.de/10011878756
This paper quantifies the variability of tax elasticities in Lithuania using two alternative methods: rolling regressions and pooled mean group estimator. The analysis is motivated by the systematic variation of tax revenues observed over the economic cycle in the recent past. Both methods...
Persistent link: https://www.econbiz.de/10014397367
trade data. We impose homogeneity, and find an aggregate elasticity similar in value to conventional macroeconomic estimates …
Persistent link: https://www.econbiz.de/10014402215
domestic and foreign labor markets. Using data from 66 countries over the period 1981–2005, we find that the elasticity of …
Persistent link: https://www.econbiz.de/10014403912
We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using …. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies …, and when tariffs go up, not down. Our results are robust to a large number of perturbations to our methodology, and we …
Persistent link: https://www.econbiz.de/10012001500
We test the existence of the balance sheet channel of monetary policy in a middle-income country. Firm-level data scarcity and quality, in such a context, make the identification of this channel a steep challenge. To circumvent this challenge, we use panel instrumental variables estimation with...
Persistent link: https://www.econbiz.de/10012154690