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Management practices: Are not for profits different?

Delfgaauw, Josse; Dur, Robert; Propper, Carol; Smith, … - C.E.P.R. Discussion Papers - 2011

Recent studies have demonstrated the importance of good management for firm performance. Here, we focus on management in not-for-profits (NFPs). We present a model predicting that management quality will be lower in NFPs compared to for-profits (FPs), but that outputs may not be worse if...

Persistent link: https://www.econbiz.de/10009207527

Sudden Deaths: Taking Stock of Political Connections

Faccio, Mara; Parsley, David - C.E.P.R. Discussion Papers - 2006

Many firms voluntarily incur the costs of attempting to influence politicians. However, estimates of the value of political connections have been made in only a few cases. We propose a new approach to valuing political ties that builds on these previous studies. We consider connected to a...

Persistent link: https://www.econbiz.de/10005114293

Public Support to Clusters: A Firm Level Study of French “Local Productive Systems”

Martin, Philippe; Mayer, Thierry; Mayneris, Florian - C.E.P.R. Discussion Papers - 2008

This paper analyzes empirically a public policy promoting industrial clusters in France. Cluster policies have become popular in many countries but have not been extensively evaluated empirically. We use data on production and employment for firms that benefited from the policy and on firms that...

Persistent link: https://www.econbiz.de/10005661530

Third Births in Austria: the Effect of Public Policies, Educational Attainment and Labour-Force Attachment

Fürnkranz-Prskawetz, Alexia; Hoem, Jan Michael; Neyer, … - C.E.P.R. Discussion Papers - 1999

Total fertility in Austria has declined slowly but persistently from about 1.7 in the late 1970s to around 1.4 in the mid-90s, a reduction of less than twenty percent. As we show in this paper, a much stronger reduction (over fifty percent) occured over the same period in the standardized rate...

Persistent link: https://www.econbiz.de/10005124433

Public Policies, Regional Inequalities and Growth

Martin, Philippe - C.E.P.R. Discussion Papers - 1998

This paper constructs a two-region endogenous growth model, where economic geography and public infrastructures play a key role. The model allows us to analyse the contribution of different types of redistributive public policies on growth, industrial geography and spatial income distribution....

Persistent link: https://www.econbiz.de/10005136400

Forbidden Fruits: The Political Economy of Science, Religion, and Growth

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

part of the paper’s motivating evidence we also uncover a new fact: in both international and cross-state U.S. data, there …

Persistent link: https://www.econbiz.de/10011262883

Evaluating the Minimum Asset Tax on Corporations: An Option Pricing Approach

Estache, Antonio; van Wijnbergen, Sweder - C.E.P.R. Discussion Papers - 1992

King-Fullerton methodology cannot assess the minimum-asset tax (MAT) because it cannot handle uncertainty. We present an alternative based on option pricing, and show how carry-over rules, depreciation conventions and uncertainty affect the MAT burden. Using Brazilian data, we show that: (a)...

Persistent link: https://www.econbiz.de/10005498170

Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls

Forbes, Kristin; Fratzscher, Marcel; Straub, Roland - C.E.P.R. Discussion Papers - 2012

We use changes in Brazil’s tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and …. We find that an increase in Brazil’s tax on foreign investment in bonds causes investors to significantly decrease their … portfolio allocations to Brazil in both bonds and equities. Investors simultaneously increase allocations to other countries …

Persistent link: https://www.econbiz.de/10011084681

The Response of the Informal Sector to Trade Liberalization

Goldberg, Pinelopi Koujianou; Pavcnik, Nina - C.E.P.R. Discussion Papers - 2003

1980’s and 1990’s - Brazil and Colombia - we examine the response of the informal sector to liberalization. In Brazil, we …

Persistent link: https://www.econbiz.de/10005661732

Brazilian Debt: A Requiem for Muddling Through

Cardoso, Eliana; Dornbusch, Rudiger - C.E.P.R. Discussion Papers - 1988

Brazilian debt crisis, and assesses the prospects for Brazil's sovereign debt after five years of the `muddling … 1978 and 1982, Brazil's current account shifted by $13 billion towards deficits. This shift can be explained, for the most … between 1978 and 1982, $35 billion (75% of Brazil's total net debt accumulation) can be accounted for by the adverse external …

Persistent link: https://www.econbiz.de/10005662401