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In addition to efficiency standards and consumer information, car-related taxes constitute one of three pillars of the …
Persistent link: https://www.econbiz.de/10010264755
While the economic theory predicts that developing countries will gain the most from technology spillovers, there have been only a few analyses looking at this question empirically. The present study focuses on a panel of 27 transition and 20 Western European countries between 1990 and 2006 and...
Persistent link: https://www.econbiz.de/10010264898
How is it possible that exchange rates move in the long run towards fundamentals, while professionals form consistently irrational exchange rate expectations? We look at this puzzle from a different perspective by analyzing investor sentiment in the US-dollar market. First, long-horizon...
Persistent link: https://www.econbiz.de/10010264930
This study suggests another explanation of the missing globalization puzzle typically observed in the empirical gravity models. In contrast to the previous research that focused on aggregated trade flows, we employ the trade flows in manufacturing products broken down by 25 three-digit ISIC...
Persistent link: https://www.econbiz.de/10010264976
) estimation procedure applied to the non-linear multiplicative specification of the gravity model. We use the trade flows for all …/or quantitative differences in the values of estimated coefficients as a result of application of an alternative estimation method …. Our main conclusion is that both estimation results as well as results of the regression misspecification tests provide …
Persistent link: https://www.econbiz.de/10010264979
forecasts: a moving average transformation of the underlying forecasts and estimation with constant forecast-horizon- effects …
Persistent link: https://www.econbiz.de/10010265008
benchmarking approaches to assess the relative technical efficiency of the utilities, such as deterministic Corrected Ordinary … higher efficiency scores and that investment in underground cables increase the technical efficiency of the distribution …
Persistent link: https://www.econbiz.de/10010265037
In this paper we develop a discrete model of optimal taxation of married couples and empirically discuss the optimality of income taxation for this group. To this end, we derive the social welfare function which guarantees that joint taxation of married couples is optimal. We will contrast this...
Persistent link: https://www.econbiz.de/10010265042
and provide evidence which supports the undervaluation signaling hypothesis but not the excess cash hypothesis or the tax-efficiency …
Persistent link: https://www.econbiz.de/10010265096
This paper compares the accuracy of credit ratings of Moody's and Standard&Poor's. Based on 11,428 issuer ratings and 350 defaults in several datasets from 1999 to 2003 a slight advantage for the rating system of Moody's is detected. Compared to former research the robustness of the results is...
Persistent link: https://www.econbiz.de/10010265098