Showing 1 - 10 of 46
The public economics, environmental, transportation and urban economics literature applies different labor supply approaches when studying economic or planning instruments. Some studies assume that working hours are endogenous while the number of workdays is given, whereas others model only...
Persistent link: https://www.econbiz.de/10011483152
The identification of strategic interactions among local governments is typically plagued by endogeneity problems. This paper proposes a quasi-experimental strategy to identify independent personal income tax setting by Swiss municipalities making use of the multi-tier federal system. State...
Persistent link: https://www.econbiz.de/10011517772
A 2008 paper investigating the Regulatory Tax (RT) on office development in Britain (Cheshire & Hilber, 2008) provided evidence of very tight restrictions on office space going back at least 50 years. It was also argued that the RT measure tended to underestimate the full costs of restrictive...
Persistent link: https://www.econbiz.de/10011532022
Agglomeration economies reflect proximity and are an important explanation for industrial location. They feature prominently in the theories of location, including intermediate inputs and labour of the new economic geography and knowledge spillovers in the new growth theory. However, while there...
Persistent link: https://www.econbiz.de/10011521635
The paper presents a multiregional endogenous growth model designed for calibration with real world data and for numerical policy evaluation. It integrates four strands of research: (1) the Ramsey model of consumer behaviour, (2) Tobin's q-theory of investment, (3) Romer's theory of endogenous...
Persistent link: https://www.econbiz.de/10011527388
There is still little consensus on the effectiveness of business support policies. The empirical evaluation is complicated by the difficulty in achieving reliable identification. We analyse the impact of Law 488/92, the main Italian regional policy. We propose a new approach, named multiple...
Persistent link: https://www.econbiz.de/10011535246
The paper analyses the European Union sub-national governments' tax revenue structures and their dynamic during the last decades. Tax composition obtained a considerable interest during the recent years, particularly after the recent global financial and economic crisis. In many European Union...
Persistent link: https://www.econbiz.de/10011481730
The paper analyses the causal effect of capital subsidies on firms' efficiency and productivity by exploiting the conditions for a local random experiment created by Law 488/92 (henceforth L488), which has been an important policy instrument for reducing territorial disparities in Italy. The...
Persistent link: https://www.econbiz.de/10011481750
There is an extensive literature on the impact of nonrenewable natural resources (NNR) in the fiscal performance of countries. Overall, with few exceptions, the studies suggest an inverse relationship between these two variables. According to the IDB (2013), the presence of NNR can lead to the...
Persistent link: https://www.econbiz.de/10011483154
In fiscally centralised countries with a unique country-wide income tax schedule, it is straightforward to quantify the degree of progressivity. In fiscally decentralised countries with varying local tax schedules, however, this is not the case. In these countries, the effective tax...
Persistent link: https://www.econbiz.de/10011487924