Showing 1 - 10 of 1,214
I investigate how political uncertainty influences corporate investment decisions employinga unique panel dataset of German manufacturing firms. I use data on firms’ self-reportedinvestment realizations, plans and revisions. The firm-specific user cost of capital capturesthe current...
Persistent link: https://www.econbiz.de/10011586862
Using microdata that serve as the foundation of the ifo Business Climate Index, Germany’s leading business cycle indicator, I examine whether political uncertainty influences how firm owners perceive their present state and future development of business. I use state election months as...
Persistent link: https://www.econbiz.de/10011586867
This dissertation consists of six self-contained chapters that are related to the behavior of firms and politicians in a broader sense. After an introduction to the topic, the first part of the dissertation elaborates on how institutional and political framework conditions influence the behavior...
Persistent link: https://www.econbiz.de/10011698363
I investigate how political uncertainty influences corporate investment decisions employing a unique panel dataset of German manufacturing firms. I use data on firms' self-reported investment realizations, plans and revisions. The firm-specific user cost of capital captures the current...
Persistent link: https://www.econbiz.de/10011539894
Using microdata that serve as the foundation of the ifo Business Climate Index, Germany's leading business cycle indicator, I examine whether political uncertainty influences how firm owners perceive their present state and future development of business. I use state election months as...
Persistent link: https://www.econbiz.de/10011542240
This dissertation consists of six self-contained chapters that are related to the behavior of firms and politicians in a broader sense. After an introduction to the topic, the first part of the dissertation elaborates on how institutional and political framework conditions influence the behavior...
Persistent link: https://www.econbiz.de/10011741962
pending question whether efficiency in the provision of public goods and services is affected by strategic behavior. I examine … how electoral cycles influence local government efficiency by using OLS fixed effects, event study, and instrumental … variable estimations in a large balanced panel of around 2,000 municipalities in the German state of Bavaria. Cost efficiency …
Persistent link: https://www.econbiz.de/10012793235
We assess the consequences of fiscal consolidation episodes on public sector efficiency (scores) for 35 OECD countries … for the 2007-2020 period. We find that fiscal consolidations improve public sector efficiency and results are robust … across efficiency models. Moreover, peripheral euro-area economies and economies with debt-to-GDP ratios between 60% and 90 …
Persistent link: https://www.econbiz.de/10013202419
We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries … revenues to changes in government spending. Next, we make use of so-called government spending efficiency scores, which … the input efficiency scores obtained, countries' fiscal balance and fiscal sustainability is directly improved by the use …
Persistent link: https://www.econbiz.de/10013187684
We evaluate the effects of structural tax reforms on government spending efficiency in a sample of OECD economies over … the period 2007-2016. After calculating input spending efficiency scores, we assess the relevance for efficiency of … narrative tax changes in a panel setup. We find that: i) input efficiency scores average around 0.6-07; ii) increases in the tax …
Persistent link: https://www.econbiz.de/10012504410