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We examine the empirical relation between CO2 emissions per capita and GDP per capita during the period 1960 …. Estimation results show that this relationship is upward sloping. Nonparametric specification tests do not reject monotonicity …
Persistent link: https://www.econbiz.de/10003051074
Productivity growth has been slow in many continental European countries over the last few decades, especially in comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are two of the main reasons for this phenomenon. However,...
Persistent link: https://www.econbiz.de/10011443499
This paper considers the effects of inaccurate real-time output data on fiscal policy, both with respect to budgetary planning and fiscal surveillance. As newer and better information becomes available, output data available in real time get revised and are likely to conflict with final figures...
Persistent link: https://www.econbiz.de/10010459912
The components of GDP (residential investment, durables, nondurables, equipment and software, and business structures … asset returns. We find that the leading GDP components perform well in explaining the returns of 25 size and book …-factor model with the market risk premium, one leading and one lagging GDP component compares very favorably with the Carhart four …
Persistent link: https://www.econbiz.de/10009745579
The efficiency of electricity generation in hard coal fired power plants varies considerably from country to country and over time. These differences occur both between developing and developed countries and between industrialised nations. The econometric analysis presented in this paper tests...
Persistent link: https://www.econbiz.de/10003814080
The scientific literature provides evidence for an impact of company taxes on investments. Practitioners, however, have a skeptical view on the meaning of this effect. This paper builds the bridge between research and the interested practice by providing detailed descriptives and clearly showing...
Persistent link: https://www.econbiz.de/10009553617
This study readdresses the determinants of business cycle synchronisation. We test, on the one hand, whether FDI …
Persistent link: https://www.econbiz.de/10010519622
We analyze the impact of tax loss treatment on the size and structure of multinational investments. Basically, two effects of tax loss treatment can be expected. First, firms make their investment decisions in the face of potential future losses. Then, the various types of conceivable loss...
Persistent link: https://www.econbiz.de/10008759947