Showing 1 - 10 of 7,579
This paper studies how to design a fiscal constitution that, by capitalizing intergenerational spillovers into land … spillovers depend on the type of the spillover. Land taxation is the essential instrument for policies that mostly generate … fiscal spillovers, such as debt and public infrastructure. By contrast, interjurisdictional competition is the essential …
Persistent link: https://www.econbiz.de/10013224175
In this paper, we examine one channel through which the trade regime might affect growth in the long run. We model endogenous technological progress that results from profit maximizing investments by far-sighted entrepreneurs. Productivity in the research lab depends upon the "stock of knowledge...
Persistent link: https://www.econbiz.de/10014157897
exporters, either through learning by doing or through establishing buyer- supplier linkages. We pursue the idea that spillovers … sources of spillovers: export activity in general and the specific activities of multinational enterprises. We use a simple … manufacturing plants, we find evidence consistent with spillovers from the export activity of multinational enterprises but not with …
Persistent link: https://www.econbiz.de/10013249695
choices and spillovers created by other municipalities and the decisions of the national government, invests in local state …, which determines which municipalities create spillovers on others, and the historical roots of local state capacity as the … population above poverty from 57% to 60%. Approximately 57% of this is due to direct effects and 43% to spillovers. However, if …
Persistent link: https://www.econbiz.de/10013060686
Recent policy proposals have suggested taxing top incomes at very high rates on the grounds that some or all of the highest wage earners are engaged in socially unproductive or counterproductive activities, such as externality imposing speculation in the financial sector. To address this, we...
Persistent link: https://www.econbiz.de/10013125562
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element …, measures of inequality that ignore intra household allocations are both incomplete and misleading. We discuss determinants of …
Persistent link: https://www.econbiz.de/10013052680
This article addresses conceptual issues concerning the distributive incidence of public goods. Solutions depend on the specific purposes for asking the question of distributive incidence notably, assessing the extent to which various public goods should be provided, determining how the...
Persistent link: https://www.econbiz.de/10013226904
This paper identifies a causal effect of openness to international trade on growth. It does so by using tariff barriers of the United States as instruments for the openness of developing countries. Trade liberalization by a large trading partner causes an expansion in the trade of other...
Persistent link: https://www.econbiz.de/10012760120
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A new and central economic force is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model...
Persistent link: https://www.econbiz.de/10013064072
Recent work highlights a falling entry rate of new firms and a rising market share of large firms in the United States. To understand how these changing firm demographics have affected growth, we decompose productivity growth into the firms doing the innovating. We trace how much each firm...
Persistent link: https://www.econbiz.de/10013323481