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This paper empirically investigates the effectiveness and feasibility of two FDI policies, fiscal incentives and … fiscal incentives or the deregulation of the labour market would exert a positive impact on total FDI. Given the drawbacks … biases that have affected results of previous studies and provides some support to recent theoretical models of FDI by …
Persistent link: https://www.econbiz.de/10010553684
Previous literature widely assumes that taxes are optimized in local public finance while expenditures adjust residually. This paper endogenizes the choice of the optimization variable. In particular, it analyzes how federal policy toward local governments' influences the way local governments...
Persistent link: https://www.econbiz.de/10010574357
This document is an update of an earlier study (Lora, 1997), which argued that the lack of direct measurements of structural policies had stood in the way of adequately evaluating the effects of the reforms on economic growth and other variables. The aim is to describe and measure the advance of...
Persistent link: https://www.econbiz.de/10010944506
Previous literature widely assumes that taxes are optimized in local public finance while expenditures adjust residually. This paper endogenizes the choice of the optimization variable. In particular, it analyzes how federal policy toward local governments influences the way local governments...
Persistent link: https://www.econbiz.de/10010264427
Environmental protection is one of Europe's key values. The EU has set clear policy objectives to achieve its environmental goals. The EU has favoured market-based instruments, among which fiscal instruments to tackle the climate change problem. This paper takes a policy-making perspective and...
Persistent link: https://www.econbiz.de/10010274464
This paper reviews the major finance-related causes of private under-investment in innovation and the consequent alternative choices for public policy. The focus is on incentive-based arguments that address the problem of limited appropriability of new knowledge, and on the lacking access to...
Persistent link: https://www.econbiz.de/10011435227
This paper analyses Brazilian innovation polices, focusing on the access of subsidiaries and national enterprises to selected public innovation instruments: subvention, credit and Law 11.196/05. It presents theoretical aspects of government incentives to innovation; international experiences;...
Persistent link: https://www.econbiz.de/10010330734
This paper examines how fiscal incentives affect the policy choices of local governments in the context of China. Based on exogenous changes in the intergovernmental revenue sharing scheme, we construct a simulated instrumental variable to resolve the endogeneity problem. We find evidence that...
Persistent link: https://www.econbiz.de/10011268574
Most studies evaluating the macroeconomic effects of financial support policies on business-funded R&D use econometric methods that do not consider the existence of spatial effects, and generate biased estimates. In this paper, we discus and address this problem using spatial dynamic panel data...
Persistent link: https://www.econbiz.de/10011263835
This paper deals with analyzing investment incentives for foreign direct investment (FDI) concentrating on new European … theoretical aspects of FDI incentives are described, then modern trends of FDI are examined and hypotheses about the range and … research is divided into two stages, where quantity and variety of investment incentives is estimated and summary score of FDI …
Persistent link: https://www.econbiz.de/10009478736