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Health care expenditure and income in the OECD reconsidered: Evidence from panel data
Baltagi, Badi H.; Moscone, Francesco - 2010
This paper reconsiders the long-run economic relationship between health care expenditure and income using a panel of … cointegration properties between health care spending and income. This is done in a panel data context controlling for both cross … dependence. Heterogeneity is handled through fixed effects in a panel homogeneous model and through a panel heterogeneous model …
Persistent link: https://www.econbiz.de/10010269764
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Unemployment, Growth and Fiscal Policy : New Insights on the Hysteresis Hypothesis
Sorolla, Valeri; Sala, Héctor; Raurich, Xavier - 2004
We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and balanced budget rules cause a complementarity between capital and employment capable of explaining the existence of multiple equilibrium paths. Hysteresis is viewed as the result...
Persistent link: https://www.econbiz.de/10010276428
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A challenge for the G20: Globally stipulated debt brakes and transnational independent fiscal supervisory councils
Dolls, Mathias; Peichl, Andreas; Zimmermann, Klaus F. - 2011
Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined consolidation efforts which are, however, supposed to come now at the wrong time with the economic recovery being fragile. Against this background, we call for a global debt brake...
Persistent link: https://www.econbiz.de/10010282446
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Fiscal Policy and Educational Attainment in the United States : A Generational Accounting Perspective
Chojnicki, Xavier; Docquier, Frédéric - 2004
In this paper, we investigate the consequences of the rise in educational attainment on the US generational accounts. We build on the 1995 accounts of Gokhale et al. (1999) and disaggregate them per schooling level. We show that low skill newborns are characterized by a negative generational...
Persistent link: https://www.econbiz.de/10010261806
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Is the Deficit under Control?
Bonin, Holger; Abio, Gemma; Berenguer, Eduardo; Gil, Joan; … - 2001
According to the 2001 Spanish budgetary previsions, the government deficit is about to disappear. We analyse this matter within a generational accounting framework. Accounting for the recent expansive phase of the economic cycle, we find that current fiscal policy is also intertemporally...
Persistent link: https://www.econbiz.de/10010262513
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European Integration and Employment: A New Role for Active Fiscal Policies?
Gatti, Donatella - 2002
This paper theoretically investigates the impact of European integration on employment by developing a new-keynesian model where fiscal policy effectively reduces firms? market power. Stronger product market competition is shown to reduce the marginal ability of governments to improve employment...
Persistent link: https://www.econbiz.de/10010262742
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Health Care Expenditure and Income in the OECD Reconsidered: Evidence from Panel Data
Baltagi, Badi H.; Moscone, Francesco - Institute for the Study of Labor (IZA) - 2010
This paper reconsiders the long-run economic relationship between health care expenditure and income using a panel of … cointegration properties between health care spending and income. This is done in a panel data context controlling for both cross … dependence. Heterogeneity is handled through fixed effects in a panel homogeneous model and through a panel heterogeneous model …
Persistent link: https://www.econbiz.de/10008547894
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Why does unemployment hurt the employed? Evidence from the life satisfaction gap between the public and the private sector
Luechinger, Simon; Meier, Stephan; Stutzer, Alois - 2008
individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the …
Persistent link: https://www.econbiz.de/10010268746
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On the bilateral trade effects of free trade agreements between the EU-15 and the CEEC-4 countries
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2008
The expansion of regionalism has spawned an extensive theoretical literature analysing the effects of Free Trade Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU-15) and the Central and Eastern European countries...
Persistent link: https://www.econbiz.de/10010269289
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Smoking persistence across countries: an analysis using semi-parametric dynamic panel data models with selectivity
Christelis, Dimitris; Sanz-de-Galdeano, Anna - 2009
We study smoking persistence in ten countries using data from the European Community Household Panel. Such persistence … two by using semi-parametric dynamic panel data methods applied to both the decision to smoke or not and to the decision …
Persistent link: https://www.econbiz.de/10010276467