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Exact small sample properties of the instrumental variable estimator: A view from a different angle

Mehlum, Halvor - 2004

I derive the exact small sample properties of the instrumental variables estimator using a trigonometric approach. The distribution for the estimation error is decomposed into a product of three components - each with an intuitive interpretation. This approach helps the discussion on what...

Persistent link: https://www.econbiz.de/10010284497

Tax distortions, household production and black-market work

Strand, Jon - 2000

We study an economy where a required amount of household production can be carried out either by each household itself, or purchased in the regular or ”black” market. We assume that the economy has two types of individuals, one with low productivities, and another with high productivities...

Persistent link: https://www.econbiz.de/10010284499

Fair tax evasion

Barth, Erling; Cappelen, Alexander W.; Ognedal, Tone - 2006

In this paper we analyse how fairness considerations, in particular considerations of just income distribution, affect whether or not people believe tax evasion can be justified and their willingness to engage in tax evasion. Using data from the Norwegian “Hidden Labour Market Survey” we...

Persistent link: https://www.econbiz.de/10010284504

Globalisation, inequality and redistribution

Bjorvatn, Kjetil; Tungodden, Bertil - 2004

The present paper seeks to explain the pattern of income redistribution in a globalised world of increased market income inequality and lower costs of factor mobility. In some countries, larger market income inequality has been met by an increased redistributive effort, thus keeping the...

Persistent link: https://www.econbiz.de/10010284506

Globalization and the human development trap

Mayer-Foulkes, David - 2007

development, it is not sufficient. Both trade and foreign direct investment create innovation assymetries hindering lagging … conflict of interest between supporting human capital investment and innovation. If only innovation is supported, the human … innovation will be necessary eventually. The world growth rate is maximized by regulating globalization so as to attain …

Persistent link: https://www.econbiz.de/10010284513

The determinants of regional manufactured exports from a developing country

Matthee, Marianne; Naudé, Wim - 2007

on insights from new trade theory, the new economic geography (NEG) and gravity-equation modelling, an empirical model is …

Persistent link: https://www.econbiz.de/10010284528

Relative deprivation, personal income satisfaction, and average well-being under different income distributions

Seidl, Christian; Traub, Stefan; Morone, Andrea - 2005

investigate background context effects, relative deprivation, range-frequency theory to explain background context effects …-frequency theory can be evidenced. Moreover, we demonstrate a welfare paradox which concerns a contradiction between individual income …

Persistent link: https://www.econbiz.de/10010284529

The poverty macroeconomic policy nexus: Some short-run analytics

Mavrotas, George; Murshed, Syed Mansoob - 2005

The present paper utilises a short-run theoretical macroeconomic model of a small open economy to look at the impact of macroeconomic policies and financial deepening upon poverty through sectoral changes. This is because an expansion in certain sectors may cause greater poverty reduction. The...

Persistent link: https://www.econbiz.de/10010284542

Decentralizing aid with interested parties

Epstein, Gil S.; Gang, Ira N. - 2006

This paper analyses the decentralization of decisionmaking in aid-giving in a theoretical rent-seeking framework. In this analysis the root donor establishes a necessary criterion for potential recipients: good governance. The potential recipients compete in hierarchal contests for funds. The...

Persistent link: https://www.econbiz.de/10010284555

Composite indices of human well-being: Past, present, and future

McGillivray, Mark; Noorbakhsh, Farhad - 2004

This paper surveys the various composite well-being indices that have been inter-country assessments over the last 40 or so years, including the well known Human Development Index (HDI). A number of issues are considered, including the choice of components, component weights, scale equivalence,...

Persistent link: https://www.econbiz.de/10010284561