Showing 1 - 10 of 611
We study optimal fiscal policy in a small open economy (SOE) with sovereign and private default risk. The SOE …. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital …
Persistent link: https://www.econbiz.de/10012461202
This is the first paper to statistically examine the timing of interest group lobbying. It introduces a theoretical framework based on recurring structural policy windows' and argues that these types of windows should have a large effect on the intensity and timing of interest group activity....
Persistent link: https://www.econbiz.de/10012468105
In the three decades from 1910 to 1940, the fraction of U.S. youths enrolled in public and private secondary schools increased from 18 to 71 percent and the fraction graduating soared from 9 to 51 percent. At the same time, state compulsory education and child labor legislation became more...
Persistent link: https://www.econbiz.de/10012468619
Empirical evidence suggesting that a considerable amount of horizontal strategic interaction exists amongst governments is important in light of recent devolutionary trends of many important public programs. The empirical approach in these studies typically relies on estimating reaction...
Persistent link: https://www.econbiz.de/10012468897
This paper examines the divergence of interest between universities and state governments concerning standards for admitting in-state versus out-of-state students. States have an interest in using universities to attract and retain high ability individuals because they pay higher taxes and...
Persistent link: https://www.econbiz.de/10012469095
Under most U.S. environmental regulations, the federal government shares responsibility with the states by authorizing them to implement and enforce federal policies. Authorization provides states with considerable discretion over the effects of regulation and is perhaps the most significant...
Persistent link: https://www.econbiz.de/10012469252
We develop a dynamic model of international business-to-business transactions in which sellers and buyers search for each other, with the probability of a match depending on both individual and aggregate search effort. Fit to customs records on U.S. apparel imports, the model captures key...
Persistent link: https://www.econbiz.de/10012814459
This chapter was prepared for the Handbook of International Economics (Vol. 5) edited by Gita Gopinath, Elhanan Helpman, and Kenneth Rogoff. We provide a review of the recent literature -- both theoretical and empirical -- analyzing the multi-dimensional connections between globalization and...
Persistent link: https://www.econbiz.de/10012794638
In this article we study differences in the returns to R&D investment between firms that sell in international markets and firms that only sell in the domestic market. We use German firm-level data from the high-tech manufacturing sector to estimate a dynamic structural model of a firm's...
Persistent link: https://www.econbiz.de/10012480879
This paper explores the links between exports, export destinations and skill utilization by firms. We identify two mechanisms behind these links, which we integrate into a unified theory of export destinations and skills. First, exporting to high-income countries with higher valuation for...
Persistent link: https://www.econbiz.de/10012462658