This paper analyzes policies to attract Foreign Direct Investment (FDI) based on a sample comprising the US plus six EU countries (US-plus-EU-6) and four Central and Eastern European Countries (CEEC-4). The analysis draws on industry-level data for 1995-2003. A Dynamic Panel Data approach is...

Due to the COVID-19 pandemic and its accompanying 'lockdowns', Global economic growth will be nil or negative for some time to come. Due to large scale quarantine measures, economic activity that entails social gatherings or presence of crowds is also no longer possible or encouraged. This paper...

In the Far East of Russia, economic development has dramatically slowed down for the past 30 years. The federal government seeks new methods to attract investments into the regions, stimulate entrepreneurial activity, and boost economic growth. This paper critically evaluates state policies that...

Objectives: To determine whether rebounds in Florida business revenues following initial COVID-19 quarantines were associated with increasing infection rates, and whether those associations were more strongly related to certain industries. Methods: Florida business gross revenues and tax...

Based on a nationally representative survey on SMEs in China, we study the impact of government policy interventions on SMEs during the COVID-19 pandemic. Our findings are three-fold. First, regional and local lock-down policies decrease SMEs' incidence of reopening and delay their expected...

This study replicates the empirical findings of Goolsbee, Lovenheim and Slemrod (2010) ("GLS") and performs a variety of robustness checks. Using taxable cigarette consumption, real cigarette excise tax rates, wholesale cigarette prices, per capita income, and other state-level data for the...

In a much cited 2008 article, Per Pettersson-Lidbom uses regression discontinuity to test for Swedish party effects on economic policies such as municipal taxation, spending and employment. We reassess the issue using the same estimator as Pettersson-Lidbom but new data on all factual...

This paper proposes a simple partial equilibrium model to investigate the effects of government policy on venture capital backed investments. Giving up an alternative career, entrepreneurs focus their effort on a single, high risk venture each. Venture capitalists acquire an equity stake and...

November's election thrust to the fore the tax reform Blueprint released last June by House GOP leaders. One of the plan's key features, which has received surprisingly little attention, is its treatment of business investment. Outlays for plant, equipment and other business assets would be...

While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...