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ELR-led economic development : a plan for Tunisia

Kaboub, Fadhel (contributor) - 2007

This paper establishes the financial feasibility of an employer-of-last-resort (ELR) program in a small developing country like Tunisia. It argues that an ELR-led economic development policy is vastly superior to the traditional import substitution industrialization (ISI), export-led, and...

Persistent link: https://www.econbiz.de/10003727005

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

Vocational schools as an instrument of interregional competition : empirical evidence from German counties

Bischoff, Ivo; Hauschildt, Julia - 2017 - Version: May 17, 2017

The German apprenticeship system is widely known throughout the world. We analyze expenditures on vocational schools on county level using data from 213 West-German counties between 2001 and 2006. We use spatial econometrics to test for spatial correlation in counties' expenditure on vocational...

Persistent link: https://www.econbiz.de/10011649071

What does Norway get out of its oil fund, if not more strategic infrastructure investment?

Hudson, Michael - 2011

For the past generation Norway has supplied Europe and other regions with oil, taking payment in euros or dollars. It then sends nearly all this foreign exchange abroad, sequestering its oil-export receipts - which are in foreign currency - in the "oil fund" to invest mainly in European and US...

Persistent link: https://www.econbiz.de/10008906548

Deficient public infrastructure and private costs : evidence from a time-use survey for the water sector in India

Chakraborty, Lekha S. (contributor) - 2008

This paper presents new evidence on the links between public-infrastructure provisioning and time allocation related to the water sector in India. An analysis of time-use data reveals that worsening public infrastructure affects market work, with evident gender differentials. The results also...

Persistent link: https://www.econbiz.de/10003727295

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

Secular stagnation or stagnation policy? : Steindl after summers

Hein, Eckhard - 2015

The current debate on secular stagnation is suffering from some vagueness and several shortcomings. The same is true for the economic policy implications. Therefore, we provide an alternative view on stagnation tendencies based on Josef Steindl’s contributions. In particular, Steindl (1952)...

Persistent link: https://www.econbiz.de/10011349456

Geography, parental investment, and comparative economic Development

Grall, Lothar - 2016

This paper suggests differential parental investment as a theoretical link between geographical conditions and comparative economic development, possibly accounting for the reversal of fortune in the process of development with respect to land productivity. The paper develops an evolutionary...

Persistent link: https://www.econbiz.de/10011575001

Corporate debt in Latin America and its macroeconomic implications

Pérez Caldentey, Esteban; Favreau-Negront, Nicole; … - 2018

This paper provides an empirical analysis of nonfinancial corporate debt in six large Latin American countries (Argentina, Brazil, Chile, Colombia, Mexico, and Peru), distinguishing between bond-issuing and non-bond-issuing firms, and assessing the debt's macroeconomic implications. The paper...

Persistent link: https://www.econbiz.de/10011844108

Values and norms matter : on the basic determinants of long-run economic development

Voigt, Stefan; Park, Sang-Min - 2008

Over the last couple of decades, it has become a commonplace to claim that institutions matterʺ for economic development. Yet, institutions are not exogenous but the result of hu-man action. It is argued here that the values and norms held by substantial parts of society’s members are an...

Persistent link: https://www.econbiz.de/10003865933

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