Using firm-level panel data, this paper exposes differences in the dynamic oil produc- tion regime between private and state-owned firms. I find that state-owned firms reduce the oil supply, ceteris paribus, by 3.5 percent each year, but private firms hold output constant. Furthermore,...

Although LEEs are meant to be self-sustaining, if not revenue-generating units, many of them actually incur losses on a continuing basis. Current practice in many LGUs does not engender a clear appreciation of the true cost of the local economic enterprise. COA has documented many cases where...

Swedish census data and tax records reveal an astonishing wage compression; the Swedish skill premium fell by more than 30 percent between 1970 and 1990 while the U.S. skill premium, after an initial decline in the 1970s, rose by 8 - 10 percent. Since then both skill premia have increased by...

Even though it is well documented that privatization leads to an improvement in the performance of state-owned enterprises (SOEs) following divestiture, it is argued that the existing literature suffers from a misspecification measure because it does not consider the performance of control firms...

Ziel dieses Projekts ist die Analyse eines möglichen Zusammenhangs des jüngsten Ölpreisanstiegs mit dem Peak-Oil Effekt, welcher sich über die Verknappung des Erdölangebots realisieren würde. Ein direkter Test einer solchen Interrelation ist jedoch erst ex-post möglich. Dieses Paper...