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Interregional Redistribution and Regional Disparities: How Equalization Does (Not) Work

Kessler, Anke; Lessmann, Christian - C.E.P.R. Discussion Papers - 2010

Do inter-governmental transfers such as equalization grants reduce interregional disparities? This paper studies both theoretically and empirically the impact of interregional redistribution on interregional inequality. We set up a model with residential choice and equalization grants between...

Persistent link: https://www.econbiz.de/10008784760

Seebohm Rowntree and the Post-War Poverty Puzzle

Bailey, Roy E; Hatton, Timothy J. - C.E.P.R. Discussion Papers - 1999

In his third social survey of York carried out in 1950, Seebohm Rowntree reported a steep decline since 1936 of the percentage of households in poverty. He attributed the bulk of this decline to government welfare reforms enacted during and after the War. Some observers have been uneasy about...

Persistent link: https://www.econbiz.de/10005656469

Welfare regimes and the incentives to work and get educated

Rodriguez-Pose, Andres; Tselios, Vassilis - C.E.P.R. Discussion Papers - 2011

This paper examines whether differences in welfare regimes shape the incentives to work and get educated. Using microeconomic data for more than 100,000 European individuals, the results show that welfare regimes make a difference for wages and education. First, people- and household-based...

Persistent link: https://www.econbiz.de/10008854522

The Gravity of Knowledge

Keller, Wolfgang; Yeaple, Stephen R - C.E.P.R. Discussion Papers - 2009

How large are spatial barriers to transferring knowledge? We analyze the international operations of multinational firms to answer this fundamental question. In our model firms can transfer bits of knowledge to their foreign a¢ liates in either embodied (traded intermediates) or disembodied...

Persistent link: https://www.econbiz.de/10008558594

Importance of International Linkages for Local Know-How Flows: Some Econometric Evidence From Belgium

Cassiman, Bruno; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 1999

External knowledge is an important input for the innovation process of firms. Increasingly, this knowledge is likely to originate from outside of their national borders. This explains the preoccupation of policymakers with stimulating local technology transfers coming from international firms....

Persistent link: https://www.econbiz.de/10005656268

Monetary Policy and Credit in China: A Theoretical Analysis

Dixon, Huw David - C.E.P.R. Discussion Papers - 1998

A three-sector macromodel of China’s economy is developed, in which the activity of state-owned enterprises (SOEs) is constrained by the state-imposed credit plan for working capital. Our analysis indicates the weakness of credit control and interest rate variation as anti-inflationary tools....

Persistent link: https://www.econbiz.de/10005661445

Multinational Knowledge Spillovers with Centralized versus Decentralized R&D: A Game Theoretic Approach

Sanna-Randaccio, Francesca; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 2002

innovation and organizing its R&D decentralized versus centralized. R&D decentralization avoids having to adapt centrally …, decentralization of R&D to the subsidiary level intensifies the challenge of effectively appropriating core technology know …-how, preventing the spilling over of valuable know-how to competitors, located in the foreign markets. While R&D decentralization has …

Persistent link: https://www.econbiz.de/10005662070

Voracity and Growth

Lane, Philip R.; Tornell, Aaron - C.E.P.R. Discussion Papers - 1998

We analyse an economy that lacks a strong legal-political institutional infrastructure and is populated by multiple powerful groups. Powerful groups dynamically interact via a fiscal process that effectively allows open access to the aggregate capital stock. In equilibrium, this leads to slow...

Persistent link: https://www.econbiz.de/10005662300

Three Symptoms And A Cure: A Contribution To The Economics Of The Dutch Disease

Herbertsson, Tryggvi Thor; Skuladottir, Marta; Zoega, Gylfi - C.E.P.R. Discussion Papers - 2000

This paper presents a dynamic model that gives an account of some of the forms that the Dutch Disease can take through both product and labour markets. These involve an effect of primary sector output - through real wages and the level and volatility of real-exchange rates - on secondary sector...

Persistent link: https://www.econbiz.de/10005666613

Nominal Contracts as Behaviour Towards Risk

Minford, Patrick; Nowell, Eric - C.E.P.R. Discussion Papers - 1997

We look for a theoretical justification of nominal wage contracts in household diversification of risk. We assume it is more costly for households than for firms to use financial markets for this purpose. In a calibrated general equilibrium model we find from stochastic simulation that where...

Persistent link: https://www.econbiz.de/10005789213