Events

The Events of the Research Infrastructure 'Socio- Economic Panel Study (SOEP)'
17 January 2018

Cluster-Seminar Public Finances and Living Conditions Hurricanes, nightlights and the elusive comparative advantage of offshore finance

A number of small offshore jurisdictions exhibit disproportionally large international capital positions. According to governments of these jurisdictions, such positions are (a) the result of a comparative advantage in providing financial services internationally and (b) improve welfare in these jurisdictions. I use the natural experiment of re-occuring hurricanes to test if (a) the capital positions in these jurisdictions react in line with real economic activity on the island as measured by satellite data on nightlights and (b) if such jurisdictions have an advantage in providing a public good (hurricane resilience) when compared to similar jurisdictions not engaged in offshore finance. Preliminary results suggest that hurricanes have a significant impact on local economic activity but not on capital positions. This suggests that the activities leading to such positions take place elsewhere and are not due to a local 'comparative advantage'. Preliminary evidence on public good provision is mixed suggesting some dissemination of funds acquired through offshore finance activities.

Speaker
Time
12:30 - 13:30
Location
DIW Berlin (Eleanor-Dulles-Raum) DIW Berlin im Quartier 110 Room 5.2.010 Mohrenstraße 58 10117 Berlin
Contact(s)
at DIW Berlin
Tel.: +49 30 89789 369
Tel.: +49 30 89789 383
16 February 2018

DIW Applied Micro Seminar The Intergenerational Causal Effect of Tax Evasion: Evidence from the Commuter Tax Allowance in Austria

More Information
Speaker
  • Martin Halla, Johannes Kepler University Linz

  • Inviter
    Time
    13:15 - 14:30
    Location
    DIW Berlin (Eleanor-Dulles-Raum) DIW Berlin im Quartier 110 Room 5.2.010 Mohrenstraße 58 10117 Berlin
    Contact(s)
    at DIW Berlin
    Tel.: +49 30 89789 165
    Tel.: +49 30 89789 673