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We assess the drivers of fiscal sustainability in Portugal during the period 1999Q4-2021Q4. We resort to expanding … the debt-to-GDP ratio. Our results show the prevalence of a Ricardian fiscal regime in Portugal. If the (i-g) differential … financial assistance program to Portugal, between 2011Q2 and 2014Q2. …
Persistent link: https://www.econbiz.de/10014391313
threshold behaviour for the GIPS, that only correct "large" unbalances, which, in the case of Greece and Portugal, are higher …
Persistent link: https://www.econbiz.de/10009683459
I exploit an exogenous reform introducing a local business tax in Portugal to study tax mimicking among jurisdictions …
Persistent link: https://www.econbiz.de/10011721596
Attracting attention is a basic feature of economic life but no standard economic problem. A new theoretical model is developed which describes the general structure of competition for attention and characterizes equilibria. The exogenous fundamentals of an attention economy are the space of...
Persistent link: https://www.econbiz.de/10011511091
projection model for the Euro Area (aggregate data), Germany, Italy, and Portugal, we analyze the interaction between both …
Persistent link: https://www.econbiz.de/10014313459
We find that policy decisions made by elected politicians in Portuguese municipalities violate the predictions of standard microeconomic theory. Municipalities can choose a withholding rate between zero and five percent of the income tax revenue collected within their boundaries by the national...
Persistent link: https://www.econbiz.de/10014320132
connections on hiring probabilities and re-employment outcomes of displaced workers in Portugal. We rely on rich matched employer …
Persistent link: https://www.econbiz.de/10014283914
We estimate a dynamic model of individual labour market careers (turnover and search, wage development) on Portuguese panel data of graduates from vocational and general secondary education. We find that vocational graduates benefit more from the internal labour market than from the external...
Persistent link: https://www.econbiz.de/10014309585
or in the knowledge sector, which designs new varieties. It is shown that if the elasticity of labor supply to the … knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with …
Persistent link: https://www.econbiz.de/10011398011
supply on automation innovation by exploiting an immigrant placement policy in Germany during the 1990s and 2000s. Difference …-in-differences estimates indicate that one additional worker per 1,000 manual and unskilled workers reduces automation innovation by 0 …-skilled workers. Labor market tightness and external demand are plausible mechanisms for the labor-innovation nexus. …
Persistent link: https://www.econbiz.de/10012241069