Showing 1 - 10 of 29
One of the most important decisions that governments face is how to allocate the public resources necessary for development, given each country’s budget constraints. According to the literature on the links between wealth and institutional performance, highly kleptocratic countries are...
Persistent link: https://www.econbiz.de/10011083396
The paper considers a model of federation with two heterogeneous regions that try to attract the capital by competing in capital income taxes and public investment that enhance the productivity of capital. Regions' choices determine allocation of capital across the regions and their revenues...
Persistent link: https://www.econbiz.de/10005666786
We develop a general equilibrium model that jointly considers the influence of capital accumulation constraints and of labour market frictions on the process of transition. We endogenize the economic and budgetary costs of different government policies and show that, early in transition,...
Persistent link: https://www.econbiz.de/10005504399
This paper analyses the distribution and allocation of budgetary subsidies and tax arrears in Central and Eastern … Europe. Budgetary subsidies are relatively small in aggregate, highly sector specific, and the manufacturing sector receives …
Persistent link: https://www.econbiz.de/10005504738
This Paper analyses the impact of R&D subsidies on incumbent firms to introduce new goods. We are especially interested … in investigating various consequences of government subsidies for R&D, provided to firms that offer products of different …
Persistent link: https://www.econbiz.de/10005504784
We study the effects of German unification on macroeconomic variables in a model with capital accumulation, skill differences and a welfare state. The integration of two economies differing in capital holdings and skill distribution is similar to a mass migration of low-skilled agents holding no...
Persistent link: https://www.econbiz.de/10005497833
each government may grant R&D subsidies to the domestic firm. We show that it is optimal for a government to provide higher … R&D subsidies the lower the level of trade costs, even if the firms are independent monopolies. If firms produce … necessarily welfare-maximizing. The optimal coordinated policies may imply an asymmetric outcome with R&D subsidies to only one of …
Persistent link: https://www.econbiz.de/10005497968
This paper provides factual evidence on the extent of public intervention in the Italian economy. It further illustrates the internal contradictions and weaknesses of public action in Italy. New policy proposals to solve old structural problems of the Bel Paese are then discussed. Among them, a...
Persistent link: https://www.econbiz.de/10005498095
Persistent link: https://www.econbiz.de/10004971409
proposal-making rounds, the right of the minority to move first, and a ban on subsidies for the agenda-setters. We explore the …
Persistent link: https://www.econbiz.de/10011083414