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Persistent link: https://www.econbiz.de/10011790739
This model of policy evaluation has been developed to identify factors that cause policy outcomes to diverge from the intended results. In this model the explanatory factors may be inherent to the conceptual and institutional framework to which policy makers adhere, or they may be ‘real...
Persistent link: https://www.econbiz.de/10011349191
The European Fiscal Compact (FC) entered into force by 1 January, 2013 in 25 EU Member States. With the ratification the signatory countries commit significant parts of their budget to the European Commission and the European Court of Justice, which indicates a shift of power from legislative to...
Persistent link: https://www.econbiz.de/10012000586
The extensive public support measures for the financial sector have been key for the management of the current financial crisis. This paper gives a detailed description of the measures taken by central banks and governments and attempts a preliminary assessment of the effectiveness of such...
Persistent link: https://www.econbiz.de/10003986824
Structural funds are the most intensively used policy instrument by the EuropeanUnion to promote economic growth in its member states and to speed up the process ofconvergence. This paper empirically explores the effectiveness of European Structural Fundsby means of a panel data analysis for 13...
Persistent link: https://www.econbiz.de/10011327526
This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation of foreign interest payments received by individuals in accordance with the rules of their State of residence. The data suggest that the Directive, which is based on automatic...
Persistent link: https://www.econbiz.de/10003861869
Can a large-scale defcit spending program speed up recovery after recession? To answer that question we calibrate a standard neoclassical growth model with US data and assume that an exogenous shock has driven aggregate output far below steady-state level. We calibrate the model such that a...
Persistent link: https://www.econbiz.de/10003857658
This working paper has been prepared within the UNU-WIDER project 'Foreign Aid': Research and This paper confronts three conundrums. First, does the relationship between aid and growth fade over time when aid is successful? Second, why are aid inflows neglected in the literature on growth...
Persistent link: https://www.econbiz.de/10009516705
dynamics of important variables like firm value, dividend payout, and investment differs qualitatively depending on whether the … interpretation of the produced results. -- Tax reform ; anticipation effects ; investment ; economic growth ; welfare ; corporate …
Persistent link: https://www.econbiz.de/10003748089
regional economy-wide and poverty impacts of a US$36 million investment in tourism in the south of Haiti. The first social … representative household configuration to enable more robust analysis of tourism investment impacts on poverty and income inequality … evaluation of trade-offs between investment alternatives. Results of this analysis showed a positive impact on sectoral activity …
Persistent link: https://www.econbiz.de/10011431387