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Regional Effects of Federal Tax Shocks
Hayo, Bernd; Uhl, Matthias - Volkswirtschaft Abteilung, Fachbereich … - 2012
This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...
Persistent link: https://www.econbiz.de/10010543457
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Regional effects of federal tax shocks
Hayo, Bernd; Uhl, Matthias - 2012
This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...
Persistent link: https://www.econbiz.de/10010294366
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Regional effects of federal tax shocks
Hayo, Bernd; Uhl, Matthias - 2012
This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...
Persistent link: https://www.econbiz.de/10009534065
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Regional Effects of Federal Tax Shocks
Uhl, Matthias - 2012
This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...
Persistent link: https://www.econbiz.de/10013108133
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Housing market convergence: Evidence from Germany
Unal, Umut; Hayo, Bernd; Erol, Isil - 2022
This paper provides an analysis of the convergence pattern of German housing prices and rents employing a new dataset … that covers all the country's administrative districts. In addition to conventional tests for β-convergence and δ-convergence … districts. Our results reveal no evidence of convergence across Germany or within states; rather, we discover widespread …
Persistent link: https://www.econbiz.de/10014322584
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Housing market convergence : evidence from Germany
Unal, Umut; Hayo, Bernd; Erol, Isil - 2022
This paper provides an analysis of the convergence pattern of German housing prices and rents employing a new dataset … that covers all the country's administrative districts. In addition to conventional tests for 𝛽-convergence and 𝜎-convergence … districts. Our results reveal no evidence of convergence across Germany or within states; rather, we discover widespread …
Persistent link: https://www.econbiz.de/10013460037
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A further examination of the export-led growth hypothesis
Dreger, Christian; Herzer, Dierk - Wirtschaftswissenschaftliche Fakultät, … - 2011
This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...
Persistent link: https://www.econbiz.de/10009294887
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The Long-Run Relationship between Outward FDI and Total Factor Productivity: Evidence for Developing Countries
Herzer, Dierk - Verein für Socialpolitik, Ausschuss für … - 2011
This paper examines the long-run relationship between outward foreign direct investment (FDI) and total factor productivity for a sample of 33 developing countries over the period 1980-2005. Using panel cointegration techniques, we find that: (i) outward FDI has, on average, a positive long-run...
Persistent link: https://www.econbiz.de/10009226865
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A Further Examination of the Export-Led Growth Hypothesis
Dreger, Christian; Herzer, Dierk - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...
Persistent link: https://www.econbiz.de/10009283552
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A further examination of the export-led growth hypothesis
Dreger, Christian; Herzer, Dierk - FIW - 2012
This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...
Persistent link: https://www.econbiz.de/10010856791