This study uses a switching regression framework with known sample separation to analyze the effects of corporate income taxation on investment in case of binding and nonbinding financial constraints. By employing two different sample splitting criteria, payout behavior and the ratio of liabilities to total assets, I show that the elasticity of capital to its user costs in an auto-distributed-lag...
In this paper I investigate the causal returns to education for different educational groups in Germany by employing a new method by Klein and Vella (2010) that bases identification on the presence of conditional heteroskedasticity. Compared to IV methods, key advantages of this approach are unbiased estimates in the absence of instruments and parameter interpretation that is not bounded to local...
Nils Saniter
Catanzaro, Italien,
17.06.2012
- 19.06.2012| Third International Workshop on Applied Economics of Education: IWAEE 2012
Johanna Storck, Daniela Glocker
Catanzaro, Italien,
17.06.2012
- 19.06.2012| Third International Workshop on Applied Economics of Education: IWAEE 2012
Economic agents using information that is not incorporated in the econometric model is seen as a possible reason for why nonfundamental shocks are important in econometric models. Allowing for nonfundamental shocks in structural vector autoregressive (SVAR) analysis by considering moving average (MA) representations with roots in the complex unit circle is a possible response to the problem. A...
Helmut Lütkepohl
Aarhus, Dänemark,
17.06.2012
- 19.06.2012| Nonlinear Time Series Econometrics: Conference in Honor of Timo Teräsvirta. CREATES, Aarhus University
Sören Radde
Wien, Österreich,
14.06.2012
- 15.06.2012| European Workshop in Macroeconomics: Vienna Graduate School of Economics and Oesterreichische Nationalbank, Vienna
Bernd Görzig, Martin Gornig
Matera, Italien,
13.06.2012
- 15.06.2012| Knowledge, Innovation and Sustainability: Integrating Micro and Macro Perspectives: International Forum on Knowledge Asset Dynamics (IFKAD) and Knowledge Cities World Summit (KCWS)