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CESifo Group
(60 results)-
White Papers
Pattern Bargaining And Wage Leadership In A Small Open Economy
July 1, 2011, 12:00am PDT
Pattern bargaining with the tradables (manufacturing) sector as wage leader is a common form of wage bargaining in Europe. The authors question the conventional wisdom that such bargaining...
Provided by CESifo Group
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White Papers
Ageing And Productivity Growth: Are There Macro-Level Cohort Effects Of Human Capital?
January 1, 2008, 12:00am PST
Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is...
Provided by CESifo Group
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White Papers
Annuity Market Imperfection, Retirement And Economic Growth
July 13, 2009, 12:00am PDT
The authors study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations...
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White Papers
Competition, Imitation, And R&D Productivity In A Growth Model With Sector-Specific Patent Protection
June 1, 2010, 12:00am PDT
Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In practice, sector-specific modifications of patent strength already exist but lack...
Provided by CESifo Group
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White Papers
On The Conditional Effects Of IMF Program Participation On Output Growth
August 1, 2010, 12:00am PDT
The empirical evidence currently available in the literature regarding the effects of a country's IMF program participation on its output growth is rather mixed. To shed new evidence on this...
Provided by CESifo Group
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White Papers
Growing Together: Croatia And Latvia
October 1, 2010, 12:00am PDT
The authors compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 in an attempt to understand better the extent to which the growth...
Provided by CESifo Group
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White Papers
The IFO Business Cycle Clock: Circular Correlation With The Real GDP
September 1, 2010, 12:00am PDT
The Ifo Business Climate is the most important indicator for the business cycle in Germany. In 1993 the connection between the two components of the business climate - business situation and...
Provided by CESifo Group
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White Papers
Global Trends In Numeracy 1820-1949 And Its Implications For Long-Run Growth
February 1, 2008, 12:00am PST
This paper is the first to explore long-run trends of numeracy for the 1820-1949 period in 165 countries, and its contribution to growth. Estimates of the long-run numeracy development of most...
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White Papers
Growth, Expectations, And Tariffs
April 1, 2011, 12:00am PDT
The authors study a many country endogenous growth model in which decisions about innovation and new investment are influenced by growth expectations. Adaptive learning dynamics determine...
Provided by CESifo Group
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White Papers
Political Versus Economic Institutions In The Growth Process
April 1, 2011, 12:00am PDT
After a decade of research on the relationship between institutions and growth, scholars in this field seem to be divided. Economic institutions perform well in growth regressions and a body of...
Provided by CESifo Group
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White Papers
Quantifying Optimal Growth Policy
June 1, 2010, 12:00am PDT
The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for transitional...
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White Papers
Steady-State Growth And The Elasticity Of Substitution
February 9, 2010, 12:00am PST
In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution...
Provided by CESifo Group
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White Papers
The Trade-Off Between Fertility And Education: Evidence From Before The Demographic Transition
September 1, 2009, 12:00am PDT
The trade-off between child quantity and education is a crucial ingredient of unified growth models that explain the transition from Malthusian stagnation to modern growth. The authors present...
Provided by CESifo Group
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White Papers
Aid, Growth And Devolution
September 1, 2009, 12:00am PDT
This paper examines whether the federal structure of aid-receiving countries matters in explaining aid effectiveness. Following the decentralization theorem, the devolution of powers should...
Provided by CESifo Group
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White Papers
Guest-Worker Migration, Human Capital And Fertility
April 1, 2011, 12:00am PDT
This paper focuses on a temporary guest-worker-type migration of individuals from the middle class of the wealth distribution. The paper demonstrates that the possibility of a low-skilled...
Provided by CESifo Group
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White Papers
Employment Growth, Inflation And Output Growth: Was Phillips Right? Evidence From A Dynamic Panel
June 1, 2011, 12:00am PDT
In this paper, the authors analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose they apply FMOLS, DOLS,...
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White Papers
Public Providers, Versus Private Providers, Of Public Goods: A General Equilibrium Study Of The Role Of The State
June 1, 2011, 12:00am PDT
This paper studies the difference between public production and public finance of public goods in a dynamic general equilibrium setup. By public finance, the authors mean that the public good is...
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White Papers
Entrepreneurial Innovation And Sustained Longrun Growth Without Weak Or Strong Scale Effects
March 7, 2008, 12:00am PST
R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth ("Strong scale effect") or the level of per capita income ("Weak scale effect"),...
Provided by CESifo Group
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White Papers
Cyclical Fiscal Policy, Output Volatility, And Economic Growth
April 1, 2008, 12:00am PDT
This paper provides a comprehensive empirical assessment of the relation between the cyclicality of fiscal policy, output volatility, and economic growth, using a large cross-section of 88...
Provided by CESifo Group
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White Papers
Productive Government Expenditure And Economic Growth
May 13, 2008, 12:00am PDT
The authors provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro...
Provided by CESifo Group
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White Papers
Tax Competition, Elastic Labor Supply, And Growth
June 1, 2008, 12:00am PDT
In this paper, the authors investigate the effects of tax competition in a simple endogenous growth model with elastic labor supply. The analysis focuses on two issues. First, they show that all...
Provided by CESifo Group
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White Papers
The Environmental And Macroeconomic Effects Of Socially Responsible Investment
July 1, 2008, 12:00am PDT
The authors analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing...
Provided by CESifo Group
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White Papers
Alternative Social Security Systems And Growth
July 1, 2008, 12:00am PDT
Demographic trends in most developed economies are characterized by rising longevity and decreasing birthrates. These trends endanger the sustainability of the current public pension systems....
Provided by CESifo Group
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White Papers
Corruption, Seigniorage And Growth: Theory And Evidence
July 1, 2008, 12:00am PDT
This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance transmission channel. At the theoretical level, the authors develop a simple...
Provided by CESifo Group
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White Papers
Labor Income Taxation, Human Capital And Growth: The Role Of Child Care
August 1, 2008, 12:00am PDT
This paper studies the implications of introducing child care in the human capital production function when assessing the effects of labor income taxation on growth. The authors develop an OLG...
Provided by CESifo Group
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White Papers
Growth And The Ageing Joneses
November 1, 2008, 12:00am PDT
The authors incorporate Keeping-Up-with-the-Joneses (KUJ) preferences into the Blanchard-Yaari (BY) framework and develop, using an AK technology, a model of balanced growth. In this paper, they...
Provided by CESifo Group
-
White Papers
Population, Pensions, And Endogenous Economic Growth
November 14, 2008, 12:00am PST
The authors study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the...
Provided by CESifo Group
-
White Papers
Social Security Systems, Human Capital, And Growth In A Small Open Economy
December 1, 2008, 12:00am PST
The authors consider a small open economy in which the level of public education funding is determined by popular vote. They show that growth can be enhanced by the introduction of pay-as-you-go...
Provided by CESifo Group
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White Papers
The Relevance Of Judicial Procedure For Economic Growth
December 19, 2008, 12:00am PST
It has been argued that procedural formalism undermines economic efficiency by fostering rent-seeking and corruption. The authors challenge this view by arguing that a number of judicial...
Provided by CESifo Group
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White Papers
The Determinants Of Economic Growth In European Regions
January 1, 2009, 12:00am PST
The authors use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economic growth in a new dataset of 255 European regions in the 1995-2005 period. They use three...
Provided by CESifo Group
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White Papers
Political Persistence, Connections And Economic Growth
February 1, 2009, 12:00am PST
Using data on a panel of 56 democratic countries in the period 1975-2004, the authors find evidence of a negative association between political stability and economic growth which is stronger and...
Provided by CESifo Group
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White Papers
A Convex Hull Approach To Counterfactual Analysis Of Trade Openness And Growth
June 1, 2009, 12:00am PDT
In this paper, the authors apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments they choose evaluate the importance of trade openness for growth...
Provided by CESifo Group
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White Papers
Bohemians, Human Capital, And Regional Economic Growth
July 7, 2009, 12:00am PDT
An emerging literature on the geography of bohemians argues that a region's lifestyle and cultural amenities explain, at least partly, the unequal distribution of highly qualified people across...
Provided by CESifo Group
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White Papers
Friedman Rule In A Model With Endogenous Growth And Cash-In-Advance Constraint
July 1, 2009, 12:00am PDT
This paper introduces money into an overlapping generations model with endogenous growth. The model, due to Docquier et al. (2007), exhibits a positive intergenerational externality which...
Provided by CESifo Group
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White Papers
Broadband Infrastructure And Economic Growth
December 1, 2009, 12:00am PST
The authors estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel of OECD countries in 1996-2007. The instrumental-variable model...
Provided by CESifo Group
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White Papers
Labor Unions, Globalization, And Mercantilism
December 11, 2009, 12:00am PST
The authors analyze the growth and welfare effects of globalization in a dynamic Schumpeterian North-South product-cycle model. Economic growth is driven by R&D activities of Northern...
Provided by CESifo Group
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White Papers
Autocratic Transitions And Growth
February 1, 2010, 12:00am PST
In this paper, the authors use a transparent statistical methodology - synthetic control methods - to implement data-driven comparative studies about the impact of autocratic transition on real...
Provided by CESifo Group
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White Papers
A Panel Data Investigation Of Real Exchange Rate Misalignment And Growth
May 1, 2010, 12:00am PDT
The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries using time series data from 1980 to 2004. The authors first estimate a panel...
Provided by CESifo Group
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White Papers
How Much Do Educational Outcomes Matter In OECD Countries?
November 1, 2010, 12:00am PDT
Existing growth research provides little explanation for the very large differences in long-run growth performance across OECD countries. The authors show that cognitive skills can account for...
Provided by CESifo Group
-
White Papers
Financial Development And Sectoral Output Growth In 19th Century Germany
December 1, 2010, 12:00am PST
In this paper, the authors re-evaluate the hypothesis that the development of the financial sector was an essential factor behind economic growth in 19th century Germany. They apply a structural...
Provided by CESifo Group
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White Papers
Worker-Specific Effects Of Globalisation
October 1, 2009, 12:00am PDT
This paper sets up a general equilibrium model, in which firms are heterogeneous due to productivity differences and workers have fairness preferences and hence provide full effort only if their...
Provided by CESifo Group
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White Papers
An Economic Theory Of Foreign Interventions And Regime Change
May 16, 2011, 12:00am PDT
The author constructs a theory of foreign interventions in which the preferences of the foreign country over alternative local groups are determined by each group's international economic ties. In...
Provided by CESifo Group
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White Papers
Manufacturers And Retailers In The Global Economy
June 1, 2011, 12:00am PDT
The authors develop a general-equilibrium model to capture key features of the retailing and of the manufacturing industry in order to understand how these two industries interact and how labor is...
Provided by CESifo Group
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White Papers
Would Global Patent Protection Be Too Weak Without International Coordination?
July 1, 2011, 12:00am PDT
This paper analyzes the setting of national patent policies in the global economy. In the standard model with free trade and social-welfare-maximizing governments à la Grossman and Lai (2004),...
Provided by CESifo Group
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White Papers
Globalization And The Rise Of Mega-Cities In The Developing World
February 1, 2008, 12:00am PST
Thomas Friedman has argued in The World is Flat that those who deny rapid globalization will not survive in the global economy. First, the authors critically discuss Friedman's views and highlight...
Provided by CESifo Group
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White Papers
The Global Joint Distribution Of Income And Health
August 1, 2008, 12:00am PDT
The authors investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, they estimate the marginal distributions of income and life expectancy...
Provided by CESifo Group
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White Papers
Bringing The Copenhagen Global Climate Change Negotiations To Conclusion
November 1, 2008, 12:00am PDT
In this paper, the authors discuss the global negotiations now underway and aimed at achieving new climate change mitigation and other arrangements after 2012 (the end of the Kyoto commitment...
Provided by CESifo Group
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White Papers
Does Indirect Tax Harmonization Deliver Pareto Improvements In The Presence Of Global Public Goods?
June 1, 2009, 12:00am PDT
This paper identifies conditions under which, starting from any tax distorting equilibrium, destination- and origin-based indirect tax-harmonizing reforms are potentially Pareto improving in the...
Provided by CESifo Group
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White Papers
Trade Sanctions, Financial Transfers And BRIC's Participation In Global Climate Change Negotiations
July 1, 2009, 12:00am PDT
Countries can reduce global emissions by reducing own consumption since they are linked to the total value of consumption world wide. Two effects are at issue: a utility loss from forgone...
Provided by CESifo Group
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White Papers
Global Welfare Implications Of Carbon Border Taxes
September 1, 2009, 12:00am PDT
This paper presents a simple, basic model to compute the welfare consequences of the introduction of a tariff on the CO2 content of imported goods in a country that already imposes a domestic...
Provided by CESifo Group
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White Papers
Globalization, Redistribution, And The Composition Of Public Education Expenditures
January 1, 2010, 12:00am PST
The authors analyze whether globalization affects the composition of public expenditures for education by integrating arguments from the Heckscher-Ohlin and the tax competition literature into a...
Provided by CESifo Group
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White Papers
On The Effects Of Monetary Policy Shocks On Exchange Rates
August 1, 2010, 12:00am PDT
In this paper, the authors re-consider the effects of monetary policy shocks on exchange rates and forward premia. In the recent empirical literature, these effects have been predominantly...
Provided by CESifo Group
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White Papers
The Twin Effects Of Globalization: Evidence From A Sample Of Indian Manufacturing Firms
September 2, 2010, 12:00am PDT
Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger...
Provided by CESifo Group
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White Papers
Globalization, Economic Freedom And Human Rights
October 1, 2010, 12:00am PDT
Using the KOF Index of Globalization and two indices of economic freedom, the authors empirically analyze whether globalization and economic liberalization affect governments' respect for human...
Provided by CESifo Group
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White Papers
Globalization, Gender And Development: The Effect Of Parental Labor Supply On Child Schooling
February 1, 2011, 12:00am PST
Tariff reductions have gender-specific effects on the labor market that change the relative bargaining power within households, which in turn affects child outcomes. The authors estimate how...
Provided by CESifo Group
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White Papers
Federalism, Fertility And Growth
December 10, 2007, 12:00am PST
This paper analyses the effect of federalism on fertility and growth. In a model with human capital accumulation and endogenous fertility, two regimes of education finance are compared: central...
Provided by CESifo Group
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White Papers
Factor Substitution, Income Distribution, And Growth In A Generalized Neoclassical Model
November 16, 2007, 12:00am PST
The authors analyze a generalized neoclassical growth model that combines a normalized CES production function and possible asymmetries of savings out of factor incomes. This generalized model...
Provided by CESifo Group
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White Papers
Heavyweights The Impact Of Large Businesses On Productivity Growth
October 1, 2007, 12:00am PDT
The idea of an industrial policy that promotes large businesses - heavyweights - as the best way to compete in a globalized world has become, again, en vogue among European politicians. The only...
Provided by CESifo Group
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White Papers
Exchange Rate Volatility And Growth In Emerging Europe And East Asia
June 1, 2007, 12:00am PDT
The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange stability has been argued to affect growth negatively as it deprives countries...
Provided by CESifo Group
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White Papers
Ageing, Government Budgets, Retirement, And Growth
February 7, 2011, 12:00am PST
The authors analyze the short and long run effects of demographic ageing - increased longevity and reduced fertility - on per-capita growth. The OLG model captures direct effects, working through...
Provided by CESifo Group
-
White Papers
Financial Development And Sectoral Output Growth In 19th Century Germany
December 1, 2010, 12:00am PST
In this paper, the authors re-evaluate the hypothesis that the development of the financial sector was an essential factor behind economic growth in 19th century Germany. They apply a structural...
Provided by CESifo Group
-
White Papers
How Much Do Educational Outcomes Matter In OECD Countries?
November 1, 2010, 12:00am PDT
Existing growth research provides little explanation for the very large differences in long-run growth performance across OECD countries. The authors show that cognitive skills can account for...
Provided by CESifo Group
-
White Papers
A Panel Data Investigation Of Real Exchange Rate Misalignment And Growth
May 1, 2010, 12:00am PDT
The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries using time series data from 1980 to 2004. The authors first estimate a panel...
Provided by CESifo Group
-
White Papers
Autocratic Transitions And Growth
February 1, 2010, 12:00am PST
In this paper, the authors use a transparent statistical methodology - synthetic control methods - to implement data-driven comparative studies about the impact of autocratic transition on real...
Provided by CESifo Group
-
White Papers
Labor Unions, Globalization, And Mercantilism
December 11, 2009, 12:00am PST
The authors analyze the growth and welfare effects of globalization in a dynamic Schumpeterian North-South product-cycle model. Economic growth is driven by R&D activities of Northern...
Provided by CESifo Group
-
White Papers
Broadband Infrastructure And Economic Growth
December 1, 2009, 12:00am PST
The authors estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel of OECD countries in 1996-2007. The instrumental-variable model...
Provided by CESifo Group
-
White Papers
Friedman Rule In A Model With Endogenous Growth And Cash-In-Advance Constraint
July 1, 2009, 12:00am PDT
This paper introduces money into an overlapping generations model with endogenous growth. The model, due to Docquier et al. (2007), exhibits a positive intergenerational externality which...
Provided by CESifo Group
-
White Papers
Bohemians, Human Capital, And Regional Economic Growth
July 7, 2009, 12:00am PDT
An emerging literature on the geography of bohemians argues that a region's lifestyle and cultural amenities explain, at least partly, the unequal distribution of highly qualified people across...
Provided by CESifo Group
-
White Papers
A Convex Hull Approach To Counterfactual Analysis Of Trade Openness And Growth
June 1, 2009, 12:00am PDT
In this paper, the authors apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments they choose evaluate the importance of trade openness for growth...
Provided by CESifo Group
-
White Papers
Political Persistence, Connections And Economic Growth
February 1, 2009, 12:00am PST
Using data on a panel of 56 democratic countries in the period 1975-2004, the authors find evidence of a negative association between political stability and economic growth which is stronger and...
Provided by CESifo Group
-
White Papers
The Determinants Of Economic Growth In European Regions
January 1, 2009, 12:00am PST
The authors use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economic growth in a new dataset of 255 European regions in the 1995-2005 period. They use three...
Provided by CESifo Group
-
White Papers
The Relevance Of Judicial Procedure For Economic Growth
December 19, 2008, 12:00am PST
It has been argued that procedural formalism undermines economic efficiency by fostering rent-seeking and corruption. The authors challenge this view by arguing that a number of judicial...
Provided by CESifo Group
-
White Papers
Social Security Systems, Human Capital, And Growth In A Small Open Economy
December 1, 2008, 12:00am PST
The authors consider a small open economy in which the level of public education funding is determined by popular vote. They show that growth can be enhanced by the introduction of pay-as-you-go...
Provided by CESifo Group
-
White Papers
Population, Pensions, And Endogenous Economic Growth
November 14, 2008, 12:00am PST
The authors study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the...
Provided by CESifo Group
-
White Papers
Growth And The Ageing Joneses
November 1, 2008, 12:00am PDT
The authors incorporate Keeping-Up-with-the-Joneses (KUJ) preferences into the Blanchard-Yaari (BY) framework and develop, using an AK technology, a model of balanced growth. In this paper, they...
Provided by CESifo Group
-
White Papers
Labor Income Taxation, Human Capital And Growth: The Role Of Child Care
August 1, 2008, 12:00am PDT
This paper studies the implications of introducing child care in the human capital production function when assessing the effects of labor income taxation on growth. The authors develop an OLG...
Provided by CESifo Group
-
White Papers
Corruption, Seigniorage And Growth: Theory And Evidence
July 1, 2008, 12:00am PDT
This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance transmission channel. At the theoretical level, the authors develop a simple...
Provided by CESifo Group
-
White Papers
Alternative Social Security Systems And Growth
July 1, 2008, 12:00am PDT
Demographic trends in most developed economies are characterized by rising longevity and decreasing birthrates. These trends endanger the sustainability of the current public pension systems....
Provided by CESifo Group
-
White Papers
The Environmental And Macroeconomic Effects Of Socially Responsible Investment
July 1, 2008, 12:00am PDT
The authors analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing...
Provided by CESifo Group
-
White Papers
Tax Competition, Elastic Labor Supply, And Growth
June 1, 2008, 12:00am PDT
In this paper, the authors investigate the effects of tax competition in a simple endogenous growth model with elastic labor supply. The analysis focuses on two issues. First, they show that all...
Provided by CESifo Group
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