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Social Returns to Education : Evidence From Italian Local Labor Market Areas

Dalmazzo, A. - 2003

The paper provides a quantitative assessment of social returns to education in Italy. It shows that, after controlling … social returns between 2 and 3 percent. This result is robust to alternative estimation methods and does not seem to depend … on endogenous sorting. The paper also shows that social returns are higher in the lagged areas of the south of Italy …

Persistent link: https://www.econbiz.de/10014403676

Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects

Alesina, Alberto - 1996

countries and by focusing on three case studies: Denmark, Ireland and Italy …

Persistent link: https://www.econbiz.de/10014396127

Effective trade costs and the current account : an empirical analysis

Boz, Emine; Li, Nan; Zhang, Hongrui - 2019

A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries...

Persistent link: https://www.econbiz.de/10012001519

Does Inflation Targeting Matter?

Sheridan, Niamh - 2003

This paper asks whether inflation targeting improves economic performance, as measured by the behavior of inflation, output, and interest rates. We compare 7 OECD countries that adopted inflation targeting in the early 1990s to 13 that did not. After the early 1990s, performance improved along...

Persistent link: https://www.econbiz.de/10014400142

Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions

International Monetary Fund - 1999

This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading...

Persistent link: https://www.econbiz.de/10014400163

Cyclical Effects of the Composition of Government Purchases

Aziz, Jahangir - 1997

This paper constructs a general equilibrium model with monopolistically competitive firms and endogenous markups where government spending consists of both consumption and investment goods. It is shown that when markups are countercyclical, increases in the share of investment goods in aggregate...

Persistent link: https://www.econbiz.de/10014400420

Fiscal Discipline and the Cost of Public Debt Service : Some Estimates for OECD Countries

Caselli, Francesco - 1998

Is there any systematic explanation of variations in the cost of debt servicing over time and across countries? This paper examines the influence of fiscal variables on borrowing costs in a panel of OECD countries, showing that these variables have a significant role. In particular, an...

Persistent link: https://www.econbiz.de/10014400821

Cross-Country Consumption Risk Sharing, a Long-Run Perspective

Qiao, Zhaogang - 2010

This paper estimates an empirical nonstationary panel regression model that tests long-run consumption risk sharing across a sample of OECD and emerging market (EM) countries. This is in contrast to the existing literature on consumption risk sharing, which is mainly about risks at business...

Persistent link: https://www.econbiz.de/10014402821

Armington Elasticities in Intermediate Inputs Trade : A Problem in Using Multilateral Trade Data

Saito, Mika - 2004

This paper finds that the estimates of Armington elasticities (the elasticity of substitution between groups of products identified by country of origin) obtained from multilateral trade data can differ from those obtained from bilateral trade data. In particular, the former tends to be higher...

Persistent link: https://www.econbiz.de/10014404121

Corruption, Public Investment, and Growth

Tanzi, Vito - 1997

Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented shows that higher corruption is associated with (i)...

Persistent link: https://www.econbiz.de/10014401205

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