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The causal effects of an industrial policy

Criscuolo, Chiara; Martin, Ralf; Overman, Henry; Van … - 2012

positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …

Persistent link: https://www.econbiz.de/10010282152

Optimal taxation with capital accumulation and wage bargaining

Palokangas, Tapio - 2003

This study examines optimal taxation in a unionized economy in which households save capital. The main findings are as follows. Judd?s (1985) and Chamley?s (1986) classical results of zero taxation on capital income holds. This is true independently of workers? savings behaviour or the...

Persistent link: https://www.econbiz.de/10010261659

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may …

Persistent link: https://www.econbiz.de/10010265548

Corporate skills as an ex-ante incentive to R&D investment

Piva, Mariacristina; Vivarelli, Marco - 2007

determinants of R&D investment at the level of the firm. While finding further support for the well-established technology-push and … demand-pull hypotheses, this study also tests the role of skill endowment in increasing a firm's R&D investment. Consistently …

Persistent link: https://www.econbiz.de/10010268009

How to increase R&D in transition economies? Evidence from Slovenia

Domadenik, Polona; Praésnikar, Janez; Svejnar, Jan - 2007

Paper addresses the recent initiatives of EU Lisbon Agenda to increase level of R&D expenses in EU Member States by studying firm-level panel data in most advanced transition economy, Slovenia. Previous empirical literature mainly cross-sectional has tested the demand-pull hypothesis and found...

Persistent link: https://www.econbiz.de/10010268454

Efficient tax policy ranks education higher than saving

Richter, Wolfram F. - 2008

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy...

Persistent link: https://www.econbiz.de/10010268642

The impact of education on the subjective discount rate in Ugandan villages

Bauer, Michal; Chytilová, Julie - 2009

Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...

Persistent link: https://www.econbiz.de/10010268981

Public support for innovation, intangible investment and productivity growth in the UK market sector

Haskel, Jonathan; Wallis, Gavin - 2010

of market sector spillovers from intangible investment and from public R&D. We find (a) no evidence of spillover effects … from intangible investment at the market sector level, including from R&D, (b) strong evidence of market sector spillovers …

Persistent link: https://www.econbiz.de/10010269519

Rebalancing growth in Asia

Prasad, Eswar S. - 2009

growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances … region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment …

Persistent link: https://www.econbiz.de/10010269529

The role of demographics in precipitating crises in financial institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10010271339