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across states are analyzed in a vector autoregression model. Variance decompositions reveal that fiscal competition explains … competition and the characteristics of leaders and followers. Local tax dynamics agree with Wildasin's (1988) results on … expenditure competition with significant short- and medium-run effects but insignificant long-run effects. State tax dynamics …
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Until recently, the trend in world capital markets has been toward increasing globalization. Recent events in Latin America and Asia have caused many in policy-making circles to question whether this trend should be wholly, or at least partially, reversed. It is commonly argued that?at a...
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In 1982, the Journal of Forecasting published the results of a forecasting competition organized by Spyros Makridakis …
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The M3-Competition continues to improve the design of forecasting competitions: It examines more series than any … previous competition, improves error analyses and includes commercial forecasting programs as competitors. To judge where to go …
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