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A new explanatory model for policy analysis and evaluation

Schouwstra, Marije; Ellman, Michael - 2006

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

Investor protection and the demand for equity

Giannetti, Mariassunta; Koskinen, Yrjö - 2004 - Rev. February 23, 2004

investment decisions as portfolio investors from countries with low level of investor protection hold relatively more foreign …

Persistent link: https://www.econbiz.de/10009502217

Limited self-control and long-run growth

Strulik, Holger - 2013

Persistent link: https://www.econbiz.de/10010223100

EMU and fiscal discipline : the end of the depreciation threat

Heinemann, Friedrich - 1998

Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...

Persistent link: https://www.econbiz.de/10011441669

A simple and flexible alternative to the stability and growth pact deficit ceilings : is it at hand?

Muscatelli, V. Anton; Natale, Piergiovanna; Tirelli, … - 2003

There have been widespread criticisms of EMU fiscal institutions. We consider a simple alternative to the deficit ceilings envisaged in the Stability and Growth Pact. We advocate the adoption of deficit targets. National governments should retain discretion in setting deviations from targets,...

Persistent link: https://www.econbiz.de/10011509363

Structural reforms and the enlargement of monetary union

Hefeker, Carsten - 2003

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...

Persistent link: https://www.econbiz.de/10011509539

On the implications of taxation for investment, savings and growth : evidence from Brazil, Chile and Mexico

Espino, Emilio; González Rozada, Martín - 2015

This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where the domestic interest rate depends on the level of...

Persistent link: https://www.econbiz.de/10011289284

Venture capital backed growth

Keuschnigg, Christian - 2002

The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists not only finance but also advise start-up entrepreneurs and thereby add value to new firms. The paper demonstrates how a productive and active VC industry boosts innovation...

Persistent link: https://www.econbiz.de/10011409024

Technological progress and investment : microeconomic foundations and macroeconomic implications

Boucekkine, Raouf; Cruz, Bruno de Oliveira - 2015

This paper presents a non-technical overview of the recent investment literature with a special emphasis on the … connection between technological progress and the investment decision. First of all, we acknowledge that some dramatic advances …. Nonetheless, this new literature has not satisfactorily accounted for the investment-specific (or embodied) nature of technical …

Persistent link: https://www.econbiz.de/10012038731

Public capital and private investment, a real option approach

Cruz, Bruno de Oliveira; Pommeret, Aude - 2015

In this paper, we extend the usual models of irreversible investment under uncertainty by introducing the stock of … public capital as an input for the private sector. Public investment takes place in a stochastic environment. Public capital … equilibrium analysis, as it is standard in models of irreversible investment under uncertainty. Even under uncertainty, the …

Persistent link: https://www.econbiz.de/10012038764

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