Showing 1 - 10 of 521
Persistent link: https://www.econbiz.de/10001507625
This paper presents new evidence on the rate of return on tangible assets in the United" States, incorporating the recently-revised national accounts as well as new estimates of the" replacement cost of the reproducible physical capital stock. The pretax return on capital in the" nonfinancial...
Persistent link: https://www.econbiz.de/10012471737
This paper presents new evidence on the rate of return on tangible assets in the Unitedquot; States, incorporating the recently-revised national accounts as well as new estimates of thequot; replacement cost of the reproducible physical capital stock. The pretax return on capital in thequot;...
Persistent link: https://www.econbiz.de/10012763634
to the shares' systematic risk exposure as implied by the market beta. Instead, we show that equity duration is a priced …This paper uses analysts' forecasts to estimate a share's equity duration, a measure of a company's average cash …-flow maturity. We find that short duration equity is associated with high expected and realized returns, which cannot be attributed …
Persistent link: https://www.econbiz.de/10009671858
Persistent link: https://www.econbiz.de/10001209728
As long as it is employed cautiously enough, the model approach is a useful tool to estimate simultaneously the size and the development of the shadow economy in several countries. However, a second method is necessary to calibrate the model. The currency demand approach can lead to highly...
Persistent link: https://www.econbiz.de/10011428348
This paper presents an empirical analysis of the relationship between fiscal illusion and the shadow economy for 104 countries over the period 1989-2009. We argue that both unobservable phenomena are closely linked to each other, as the creation of a fiscal illusion may be helpful if governments...
Persistent link: https://www.econbiz.de/10011305420
Using various statistical procedures, estimates about the size of the shadow economy in 110 developing, transition and OECD countries are presented. The average size of the shadow economy (in percent of official GDP) over 1999-2000 in developing countries is 41%, in transition countries 38% and...
Persistent link: https://www.econbiz.de/10009748283
Using various statistical procedures, estimates about the size of the shadow economy in 110 developing, transition and OECD countries are presented. The average size of the shadow economy (in percent of official GDP) over 1999-2000 in developing countries is 41 percent, in transition countries...
Persistent link: https://www.econbiz.de/10011402475