presence of selection effects and treatment heterogeneity. As an example we present an estimate of the TPE for a rural water …

hedge funds, banks, brokers, and insurance companies based on principal components analysis and Granger-causality tests. We … the finance and insurance industries. These measures can also identify and quantify financial crisis periods, and seem to …, banks, insurance companies, and brokers …

between education and allocative efficiency. Section I is reprinted from my J.P.E. paper quot;Education in Productionquot …

attributed to a single dimension of underlying firm heterogeneity, efficiency. Conditional on entry, underlying efficiency …

This paper estimates the efficiency consequences of interactions between nominal tax systems and inflation in open … capital movement and influencing domestic and foreign tax receipts, saving, and investment. The efficiency costs of inflation …

This paper evaluates the political economy and structural factors explaining the collection efficiency of the Value … Added Tax [VAT]. We consider the case where the collection efficiency is determined by the probability of audit and by the … penalty on underpaying. Implementation lags imply that the present policy maker determines the efficiency of the tax system …

, on average. The results provide new objective indicators of government efficiency across countries, based on a simple and …