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Revisiting the relationship between trade liberalization and taxation
Arezki, Rabah; Dama, Alou Adessé; Graziosi, Grégoire Rota - 2021
This paper explores the dynamic effects of trade liberalization on tax revenue using a worldwide panel dataset. Results … point to statistically significant negative effect of liberalization on (non- resource) tax revenues in the short term and … no significant effect in the medium term. Liberalization also alter the tax structure tilting revenues toward indirect …
Persistent link: https://www.econbiz.de/10012603019
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Forecasting profitability
Rosenzweig, Mark; Udry, Chris - 2013
We use newly-available Indian panel data to estimate how the returns to planting-stage investments vary by rainfall realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a substantial fraction of the inter-annual...
Persistent link: https://www.econbiz.de/10010369064
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Input Substitutability, Trade Costs and the Product Cycle
Michalski, Tomasz Kamil - 2013
I exhibit a simple and realistic feature of technology and trade costs that influences the partition of manufacturing between the North and South depending on the degree of substitutability of internationally traded inputs in production. In the presence of higher wages in the North, when...
Persistent link: https://www.econbiz.de/10013084390
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Grouped Variation in Factor Shares : An Application to Misallocation
Asturias, Jose - 2020
A striking feature of micro-level plant data is the presence of significant variation in factor cost shares across plants within an industry. We develop a methodology to decompose this variation into idiosyncratic and group-specific components and to use cluster analysis to recover the number...
Persistent link: https://www.econbiz.de/10012840394
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Too Many Cooks Spoil the Broth : The Conflicting Impacts of Subsidies and Deposits on the Cost-Efficiency of Microfinance Institutions
Cozarenco, Anastasia - 2018
The costs and benefits of subsidized microfinance are still a controversial topic. We evaluate how subsidies affect the cost-efficiency of microfinance institutions (MFIs). At the same time, we account for endogenous self-selection into the business models of credit-only versus...
Persistent link: https://www.econbiz.de/10012907109
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What Determines the Elasticity of Substitution between Capital and Labor? A Literature Review
Knoblach, Michael - 2020
This paper provides the first comprehensive review of the empirical and theoretical literature on the determinants of the elasticity of substitution between capital and labor. Our focus is on the two-input constant elasticity of substitution (CES) production function. By example of the U.S., we...
Persistent link: https://www.econbiz.de/10012850069
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Forecasting Profitability
Rosenzweig, Mark R. - 2013
We use newly-available Indian panel data to estimate how the returns to planting-stage investments vary by rainfall realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a substantial fraction of the inter-annual...
Persistent link: https://www.econbiz.de/10013078029
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Forecasting profitability
Rosenzweig, Mark; Udry, Christopher - 2013
We use newly-available Indian panel data to estimate how the returns to planting-stage investments vary by rainfall realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a substantial fraction of the inter-annual...
Persistent link: https://www.econbiz.de/10009782148
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Death to the Cobb-Douglas production function
Gechert, Sebastian; Havránek, Tomáš; Havránková, Zuzana - 2019
We show that the large elasticity of substitution between capital and labor estimated in the literature on average, 0.9, can be explained by three factors: publication bias, use of aggregated data, and omission of the first-order condition for capital. The mean elasticity conditional on the...
Persistent link: https://www.econbiz.de/10012063829
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Death to the Cobb-Douglas production function
Gechert, Sebastian; Havránek, Tomáš; Havránková, Zuzana - 2019
We show that the large elasticity of substitution between capital and labor estimated in the literature on average, 0.9, can be explained by three factors: publication bias, use of aggregated data, and omission of the first-order condition for capital. The mean elasticity conditional on the...
Persistent link: https://www.econbiz.de/10012098862