Showing 1 - 10 of 251
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions trumps' everything else. Once institutions are...
Persistent link: https://www.econbiz.de/10012469401
This paper assesses two theories regarding the historical determinants of international differences in financial development. The law and finance theory holds that legal traditions differ in terms of the priority they attach to protecting the rights of private investors vis-a-vis the State and...
Persistent link: https://www.econbiz.de/10012469624
We examine the importance of geographical proximity to coal as a factor underpinning comparative European economic development during the Industrial Revolution. Our analysis exploits geographical variation in city and coalfield locations, alongside temporal variation in the availability of...
Persistent link: https://www.econbiz.de/10012458861
"Site selection bias" can occur when the probability that a program is adopted or evaluated is correlated with its impacts. I test for site selection bias in the context of the Opower energy conservation programs, using 111 randomized control trials involving 8.6 million households across the...
Persistent link: https://www.econbiz.de/10012460286
school in the expected direction. Interestingly, the geographic location of the school is an extremely strong predictor of …
Persistent link: https://www.econbiz.de/10012461855
for the respective contributions of job losing and job finding rates. Employers' inefficient location choices amplify …
Persistent link: https://www.econbiz.de/10012629489
Puerto Rico operated as a tax haven under U.S. Internal Revenue Code (IRC) Section 936. Firms in the pharmaceutical industry accounted for approximately 50% of tax credits awarded and 20% of employment under the program. The U.S. Congress eliminated the tax exemption program in 2006, creating a...
Persistent link: https://www.econbiz.de/10012599397
international location of investment. FDI in the U.S. is very sensitive to after-tax rates-of-return available here. U.S. direct … changes on the international location of investment. We estimate that the tax changes lowered annual DIA by $0.5 billion to $1 … the international location of investment are important. Tax policies, such as ACRS andthe ITC, which raise the after tax …
Persistent link: https://www.econbiz.de/10012477214
carefully specified econometric model for a single medical specialty. A general model of pricing and location of physician …
Persistent link: https://www.econbiz.de/10012477572
Tax policy toward the overseas income of U.S. firms is an important issue since foreign investment accounts for a sizabLe fraction of total investment by U.S. firms. At present there is no consensus on the degree to which U.S. firms respond to tax incentives when making international investment...
Persistent link: https://www.econbiz.de/10012477856