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作者：PAPKE, LE
作者单位：National Bureau of Economic Research
摘要：This paper analyzes the effect of the Indiana enterprise zone (EZ) program on local employment and investment using a panel of local taxing jurisdictions. As in other EZ programs, Indiana's incentives favor capital relative to labor, but the target of the capital incentive is unusual - the stock of inventories. Using various estimation methods, I estimate that zone designation initially reduces the value of depreciable personal property by about 13 percent, but also reduces unemployment claims...
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作者：DEVEREUX, MP; KEEN, M; SCHIANTARELLI, F
作者单位：University of London; London School Economics & Political Science; University of Exeter; Boston College
摘要：Theoretical work has emphasised the potentially powerful impact of corporation tax asymmetries on investment behaviour, but empirical work has mainly been confined to the measurement of effective tax rates. This paper uses panel data from 597 U.K. companies to ask: Are tax asymmetries important to understanding observed investment behaviour? An optimising investment model is developed and estimated both as a Q equation and a Euler equation in which the cost of capital appears. Careful modellin...
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作者：CAPECI, J
摘要：This paper provides an empirical study of the effects that a local government's fiscal decisions exert on its cost of borrowing, using a sample of New Jersey municipalities. The results are consistent with the view that current period fiscal decisions do impact the cost of borrowing. A one standard deviation increase in the amount borrowed is associated with a 66 basis point increase in the annual yield. Furthermore, that the standard approach of treating current period policy variables as exo...
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作者：GAHVARI, F
作者单位：Virginia Polytechnic Institute & State University
摘要：In-kind and cash transfer programs are compared in their impacts on labor supply. It is demonstrated that labor supply is higher under an in-kind transfer program, if in-kind transfers and leisure are Hicks substitutes, leisure is normal, and in-kind transfers are 'over-provided'. It is further shown that under these conditions a one dollar increase in in-kind coupled with a one dollar cut in cash transfers increases tax revenues. Finally, the paper proves that weak separability of preferences...
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作者：SCHMIDT, CM; STILZ, A; ZIMMERMANN, KF
作者单位：University of Munich; Centre for Economic Policy Research - UK
摘要：The widening gap between the dismal economic situation in the less developed economies and the economic prospects of migrant to Western economies has generated a potential for mass migration. At the same time, the developed economies have experienced high and persistent unemployment among their unskilled workers who would have to compete with new immigrants. We use a model that distinguishes labor markets by skill and concentrate on the imperfectly competitive mechanism of wage determination i...
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作者：ROTHSTEIN, P
摘要：Remarkably little is known about how to analyze the proposals and voting results from spending referenda when the votes are aggregated by jurisdiction and the proposals are different across jurisdictions. This paper presents a framework in which we can derive the voting equation, comparative statics, and links between reduced form and structural parameters that are implied by different models of the proposal-maker. It is then possible to use interjurisdictional proposal and voting information ...
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作者：DESERPA, AC
摘要：This paper provides a rigorous statement of the Coase theorem and establishes a formal equivalence between abstract allocative mechanisms attributed to Coase and Pigou. The model proceeds from output functions that reduce to production functions in special cases, thereby capturing effects that are obscured by conventional production and cost functions. The model also emphasizes fundamental differences in the characteristics of inputs (particularly land) that are implied in the construction of ...
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作者：DREZE, JH; ARROW, K; ATKINSON, AB; BASU, K; HONKAPOHJA, S; KRUEGER, A; MORALES, JA; STERN, N
作者单位：University of Oxford
摘要：This is the final report of a Committee appointed in 1991 by the International Economic Association to investigate the desirability and feasibility of establishing a new Graduate ''School of Economics and Economic Development'' (SEED) as an international center of excellence in a Third-World Country. The report reviews the purpose of such an institution, and provides an ideal blueprint. Key elements are a Third-World location, a special but non-exclusive commitment to issues of development, an...
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作者：SLEMROD, J
摘要：This paper examines optimal income tax progressivity when avoidance responses to taxation are important, and can be controlled at some cost by the government. A simple example shows that ignoring the fact that avoidance can be controlled - that the leak in Okun's bucket can be fixed - can lead to misleading implications about the optimal degree of tax rate progressivity. The paper then generalizes the standard model of the optimal linear income tax to include taxpayer avoidance behavior and th...
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作者：ROLAND, G; VERDIER, T
作者单位：Universite PSL; Ecole Normale Superieure (ENS)
摘要：This paper proposes a model to shed light on two important policy features of privatization in Central and Eastern Europe: the idea of a necessary critical mass of privatization on one hand, and the great difficulties encountered in the actual privatization process on the other. The model incorporates a positive externality related to the size of the private sector. Multiple equilibria may arise for political and economic reasons. Policies of free distribution are analysed with the model. They...
